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What is the most time draining activity that you do that prevents you focusing on high value output?
James Myers(Director at FP&A Strategy Consulting)
In preparation for a webinar on Finance Productivity Hacks, I’m doing research on some of the low value add activities that are draining our precious time as Finance professionals. We hear the expression: “doing more with less”, but it isn’t always...
How do you reconcile a dividend received from an equity method investee if the investee retains a portion of the dividend to pay cash taxes? The investee pays out their full year income as a dividend (minus that cash withheld) and we receive our proportionate share. How...
Ali Khamusi(Representative at Blue dart)
I am studying for CPA exams, after working as a CPA for some years i would like to apply for a CFO job, will it help if I had a mba degree?
I was asked what the best bookkeeping certification is. I see there is a National Association of Certified Bookkeepers, as well as a National Bookkeepers Assoc. and several other trade organizations that offer certification. Is one better known or more respected? This would...
It has just come to my attention that reimbursing employees for their health insurance may not be allowed as of Jan 2014, can anyone confirm this for me? We have a few employees who chose to get their own health insurance rather than join the plan we offer, and we reimburse...
Tim Williams(CFO at Private)
I finally have the opportunity to add to my finance team. I have two candidates under consideration, one has the skill set I need right now, the other does not have the skill set, but I think has more potential to be mote valuable at the role evolves. My gut tells me to go...
Event Questions(Event Questions at Proformative)
"How do you manage the situation when your operational counterpart thinks you are trying to do their job?" This question was asked at a recent webinar, now available on-demand: "The Art (and some Science) of Great FP&A" Please add your...
Anonymous(Vice President of Finance)
I want to asked if any one has done Gross Up Wages on employee gifts and what your policies are. We currently give out watches to employees on their 10 anniversary that cost anywhere between $2,000 - $10,000. In the past the Company did not tax the employees but we are...
James Myers(Director at FP&A Strategy)
We're doing some research for a Proformative webinar where we want to share the best productivity hacks for finance, accounting and related professionals. Please give me any and all suggestions which will benefit all Proformative users who see this thread, as well as...
Anonymous(Sr. International Accountant)
Hi, my company was planning to go IPO last year, but got delayed and now we don't have a definite schedule on the IPO date. We have IPO reserve for about $4M booked to deferred cost account, how do we write off this balance? what is the accounting treatment for this...
Bryan Fritz(Taoist Finance Officer at Howlett Farms)
The Proformative community is great because it allows us all to develop ourselves as human beings and finance professionals much faster than if we did it alone. There is so much experience in this network of professionals to share with others. If you could share one thing...
Anonymous(Business Operations Manager)
We created a budget in Excel file format and now want to upload in Quickbooks Online - does any one know a way to do it without having to enter the data manually? I called tech support but they were useless. thanks Ria
Anders Liu-Lindberg(Regional Finance Business Partner at Maersk Line Northern Europe)
I’ve been talking a lot about why finance business partners are the new black in Finance lately. Every transformation effort in the finance function is aimed at empowering these guys and gals to do a stellar job and help the frontline add value to the company. However...
Mark Pieper(Director, SCS Finance at Premiere Healthcare Alliance)
Any controllers/CFO's in the consulting industry - just want to ask how you handle employees state tax withholdings if they work with clients in multiple states during the year. I think most of the large firms tell their employees to file personal income tax filings...
Charles Lambert(CFO at Novella Clinical)
We are a $100m revenue private company in professional services (revenues contract/project based, no inventory, limited supply chain). I am interested in whether anyone has a benchmark % of revenue range for the audit fee for this kind of company?
B Wool(owner at Self)
I obtained a promissory note in return for a business loan of which the debtor has since defaulted. I obtained a summary judgement which has since been vacated due to inadequate notice to the Debtor. It now seems it is a duck in a dry pond. Can I write this off as a...
My company is a 5 year startup that designs and manufacture very expensive women clothing and cosmetic products. We finally are ready for wholesale business and need to come up with a sales commission structure for our own sales team. I think the industry average is 12% but...
Krista Mann(Vice President and Chief Financial Offic.. at Uptake Medical Corp)
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