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.
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Recent Active Questions
(CFO at RCM Industries, Inc.)
We currently run 4 mfg plants of similar size ($25 MM sales, 200 ee's each) in 3 states with a controller and related accounting functions at each plant reporting into a corporate CFO at the parent. We have a centralized computer system so there is no reason we...
We currently run 4 mfg plants of similar size ($25 MM sales, 200 ee's each) in 3 states with a controller and related accounting functions at each plant reporting into a corporate CFO at the parent. We have a centralized computer system so there is no reason we...
Anonymous
(CFO)
We have an exiting employee who has stock options. We are buying out his vested options, for cash, at just under the 409A valuation price. It's called out as a repurchase - but I think I would treat it as a cashless exercise and deduct tax from the proceeds...
Anonymous
(Assistant Controller)
(CPA, CMA at Diane D. White, CPA, CMA)
I have expensed software development and maintenance costs of a web-based information provider start-up LLC (sole owner) throughout its first three years of operation. The sole-owner LLC doesn't sell or license software per se. Its IT expenditures are...
I have expensed software development and maintenance costs of a web-based information provider start-up LLC (sole owner) throughout its first three years of operation. The sole-owner LLC doesn't sell or license software per se. Its IT expenditures are...
(Event Questions at Proformative)
What are the best practices of leveraging your auditors expertise and knowledge on debt compliance? This question was asked by an attendee during the Proformative webinar "Best Practices in Debt Compliance & Case Study" held on March 28, 2013. Join the...
What are the best practices of leveraging your auditors expertise and knowledge on debt compliance? This question was asked by an attendee during the Proformative webinar "Best Practices in Debt Compliance & Case Study" held on March 28, 2013. Join the...
Anonymous
(Controller)
I have been asked to prepare the statement of cash flows for our Company. In the past I had prepared the cash flow using the USD balance sheets, but now I've been asked to prepare the cash flow in the local currencies first and then translate them to USD to include the...
(Associate Editor at Proformative)
First off, a big "thank you" to the folks who have shared their experiences and are listed below! At Proformative, sharing knowledge and experiences for the benefit of others is central to our mission. As you know, this usually happens here in our Q/A forum...
First off, a big "thank you" to the folks who have shared their experiences and are listed below! At Proformative, sharing knowledge and experiences for the benefit of others is central to our mission. As you know, this usually happens here in our Q/A forum...
(Project Manager at DocuSoft NG)
Hello All,my company has just concluded on a BPM project in preparation for an ERP implementation. Outcome from the BPM project proved the need to implement an ERP inorder to achieve the level of efficiency required. Next phase is to do an RFI/RFP. I need help with...
Hello All,my company has just concluded on a BPM project in preparation for an ERP implementation. Outcome from the BPM project proved the need to implement an ERP inorder to achieve the level of efficiency required. Next phase is to do an RFI/RFP. I need help with...
Anonymous
(Manager)
Would appreciate an overview, as I have no experience with it.
Anonymous
(CFO)
(CFO at Private)
(Treasurer at Private)
(Controller at Private)
When referring to organizations, what's the difference between "non-profit" and "not-for-profit"?
When referring to organizations, what's the difference between "non-profit" and "not-for-profit"?
(Event Questions at Proformative)
Do you have specific availability / response time metrics in your agreements? How to you quantify the cost or "penalty" for lack of a better term? This question was asked by an attendee during the Proformative webinar “Best in Class Finance: How...
Do you have specific availability / response time metrics in your agreements? How to you quantify the cost or "penalty" for lack of a better term? This question was asked by an attendee during the Proformative webinar “Best in Class Finance: How...
(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...
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...
(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...
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...
(CFO at Private)
Anonymous
(Controller)
(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...
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...
(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...
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...
