Questions

Questions and the resulting answers are a great way to find what you need to know to do your job and advance your career. If you're looking for answers to a specific question, try a keyword search from the header of any page. For example, you could search for “non-profit accounting” or browse our questions section for a wider variety of accounting questions and answers of interest to you. Proformative members can ask a Question at any time. Questions and answers are visible to everyone. You can ask a question, answer, comment anonymously or just read and enjoy the discussion. Can’t find what you want? Ask your own question to start a discussion and get your answer.

Recent Active Questions

Member's Profile
Event Questions
Title: Event Questions
Company: Proformative
 (Event Questions at Proformative)
What happens to my company's data if we decided to move from one cloud provider to another? This question was asked by an attendee during the Proformative webinar “Best in Class Finance: How to Improve Controls, Achieve Compliance Efficiency and Streamline...
Member's Profile
Event Questions
Title: Event Questions
Company: Proformative
 (Event Questions at Proformative)
Any examples on a financial business case to help justify the transition of on-premise to cloud ERP platforms?   This question was asked by an attendee during the Proformative webinar “Best in Class Finance: How to Improve Controls, Achieve Compliance Efficiency...
Member's Profile
Member's Profile
Mark Perlin
Title: Accounting and Tax Consultant
Company: in-between
 (Accounting and Tax Consultant at in-between)
I have a client with one employee - we are looking for a payroll processing company to pay the employee, pay the taxes and file all tax returns. Of course it has to be reasonably priced. The client is based in NYC.  I have looked at many companies and the most cost...
Member's Profile
Linda StClaire
Title: VP Finance
Company: Extron Inc.
 (VP Finance at Extron Inc.)
We have received a payment from a Peruvian subsidiary of a large US corporation. They deducted 30% from the payment of our invoice for technical services, as what appears to be income tax.  They issued a certificate (in spanish) that is to be used according to the...
Member's Profile
GA SU
Title: General Accountant
Company: TMS
 (General Accountant at TMS)
Hi, we have started a new company. Since we haven't set up bank account yet. I've been entering deposits and payable from the other company. How do I account for this. How do I enter invoices in the current company for the new company? Am I allow to file HST paid...
Anonymous
 (Anonymous Job)
Here's the situation. I've worked for the same small (less than 50 employees, all salaried) company for 6.5 years. Many changes in management, the latest being a new CEO 2.5 years ago. The vast majority of employees were hired under the new CEO. I have received a...
Member's Profile
Event Questions
Title: Event Questions
Company: Proformative
 (Event Questions at Proformative)
Need expert advice on the thoughts of Indian tax authorities on transfer pricing vs cost plus arrangement?   This question was asked by an attendee during the Proformative webinar “Bring Home the Money: The Profit Repatriation 101”; held on March 27, 2013....
Anonymous
 (Accoutning Manager)
Hello,  I am the first accountant for a start-up company and had a question regarding the legal fees incurred related to Series A Funding.  Should these fees be expensed or offset to the Additional PIC capital account?  The company has already issued common...
Member's Profile
Event Resources
Title: Event Resources
Company: Proformative
 (Event Resources at Proformative)
During a cloud ERP implementation what are some significant difficulties experienced and how do you best manage them?   This question was asked by an attendee during the Proformative webinar “Best in Class Finance: How to Improve Controls, Achieve Compliance...
Member's Profile
Robert Spokane
Title: Internal Auditor
Company: Shelby Residential & Vocational Services..
 (Internal Auditor at Shelby Residential & Vocational Services..)
Question for the Non Profit experts out there about pledges receivable. I have a client who is in the middle of a Capital Campaign and is getting pledges that span from one to five years, many of which are employees. the client wants to record the present value of all...
Member's Profile
Event Questions
Title: Event Questions
Company: Proformative
 (Event Questions at Proformative)
Do most countries allow reimbursement to a parent company for shared services?  This question was asked by an attendee during the Proformative webinar “Bring Home the Money: The Profit Repatriation 101”; held on March 27, 2013. Join the discussion and add...
Member's Profile
Event Questions
Title: Event Questions
Company: Proformative
 (Event Questions at Proformative)
What are the documentation requirements for remitting funds out of China? This question was asked by an attendee during the Proformative webinar “Bring Home the Money: The Profit Repatriation 101”; held on March 27, 2013. Join the discussion and add your...
Member's Profile
Event Questions
Title: Event Questions
Company: Proformative
 (Event Questions at Proformative)
What countries are at high risk of governments changing their rules on profit repatriation? This question was asked by an attendee during the Proformative webinar “Bring Home the Money: The Profit Repatriation 101”; held on March 27, 2013. Join the discussion...
Member's Profile
Tammy Buchanan
Title: Controller
Company: Northern Credit Union
 (Controller at Northern Credit Union)
Does anybody have any suggestions on how to present the monthly financials to the board without getting too much into details? Any thoughts on more analysis, variance explanations, etc. There is talk about using dashboards which seem to mostly graphs but do you think the...
Member's Profile
Event Questions
Title: Event Questions
Company: Proformative
 (Event Questions at Proformative)
Is there a profit repatriation strategy in stock buybacks by a subsidiary of parent stock?   This question was asked by an attendee during the Proformative webinar “Bring Home the Money: The Profit Repatriation 101”; held on March 27, 2013. Join the...
Member's Profile
Event Questions
Title: Event Questions
Company: Proformative
 (Event Questions at Proformative)
What are South Korea's profit repatriation rules?   This question was asked by an attendee during the Proformative webinar “Bring Home the Money: The Profit Repatriation 101”; held on March 27, 2013. Join the discussion and add your insights below.
Member's Profile
Event Questions
Title: Event Questions
Company: Proformative
 (Event Questions at Proformative)
Working with a cloud ERP platform, does one experience slowness or latency issues? If so, how often and what can be done about it? This question was asked by an attendee during the Proformative webinar “Best in Class Finance: How to Improve Controls, Achieve...