Accounting

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ron gerhart
(Executive Director at PCC Inc.)
I operate a summer camp from Jul 1 to Aug 11. My fiscal is July1. I send out tuition invoices on March 31 and final payment is due by May 30 for the summer camp, which starts July 1....
Anonymous Member
Anonymous
(CFO)
If I was going to audit our existing processes to look for vulnerabilities what would be the best way to start my assessment?
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Stephanie Clevenger
(Accounting Manager at Sonendo Inc)
I work at a medical device startup and we have just started accepting credit cards from customers to pay their invoices and now I have to book the fees associated with the settled...
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Don Cox
(CFO at DKI)
We need to find a way to issue dual party checks in our business. We don't see a way to do this but this is common in the insurance industry (Issue payment to contractor and an...
Anonymous Member
Anonymous
(officer)
i erroneously entry Retained earnings end amounted to 2,018,642.33 on Balance sheet. I entered 601,757.16 on balance sheet on the retained earnings portion instead of 2,018,642.33....
Anonymous Member
Anonymous
(officer)
I paid income tax last april 2015 amounted to Php 50,000.00 apparently there is an adjustment which cause to filing amendment,. Income tax payable should be 48,500.00 and not 50,000...
Anonymous Member
Anonymous
(CFO)
I have a controller who has been the top accounting person for 25+ years. She is very loyal, hardworking and most of the time detail oriented and yet she is an absolute disaster for me...
Anonymous Member
Anonymous
(Finance Director)
I am wondering how often companies report to the staff the state of the financial position of the company, if at all. I work at a nonprofit and find it very challenging to communicate...
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Event Questions
(Event Questions at Proformative)
  "When budgeting, what are some techniques to determine, and to what degree, an expense item is dependent on sales, or COGS, or some other item?" This question was...
Anonymous Member
Anonymous
(Personal finance educator)
Hello, I have never had audit experience, and with my current career track, I don't think I will ever get it. I still want to be certified. Would having a non-reporting CPA license...
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Alan Hart
Title: Consultant
Company: Pacific Shine Group
(Consultant at Pacific Shine Group)
In the past many financial professionals were reluctant to conduct balance sheet forecasting. The process was tedious and time consuming – especially if relying on spreadsheets...
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Anders Liu-Lindberg
(Regional Finance Business Partner at Maersk Line Northern Europe)
Earlier this week I published a blog (http://www.proformative.com/blogs/anders-liu-lindberg/2015/06/13/why-accountants-are-threatened-species#comment-26333) about how I saw a trend of...
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Wayne Spivak
(President & CFO at SBAConsulting.com)
An article on CFO.com says that a former member of the US Attorney's Office says the KPMG should have discovered the fraud and corruption, but didn't. Needless to say the...
Member's Profile
Raghavan A
(Associate Vice President- Finance at Sutherland Global Services)
The dynamics of business and the type of industries coming up pose a challenge in computing DSO( Days Dales Outstanding) at any point in time. We are used to the text book formulae to...
Anonymous Member
Anonymous
(Director)
We are looking into purchasing software to keep track of our stock ledger (we currently use excel). We have about 500 shareholders, 50 option holders, and there are about 100...
Member's Profile
Amit Mamgain
(Consultant at Not working)
As a finance department manager do I have to legally enter into a non-disclosure agreement with external auditors every year before the audit work is started?
Anonymous Member
Anonymous
(Controller)
We just added 2 FT trainers to our team and I had booked their salary to COGS, it is being questioned if this cost should go their as they are primarily developing training material (...
Anonymous Member
Anonymous
(Controller)
If a customer makes us a referral that leads to a "signed deal" we pay them a $250 referral fee 30 days post go-live. This seems to be somewhat addressed under ASC and the...
Anonymous Member
Anonymous
(financial analyst)
Our company currently has DSO calculation on a monthly basis using AR+WIP, and these involved both USD and CAD. Currently, to adjust foreign exchange, we're using the spot exchange...
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Don Gray
(Owner at Don A. Gray, LLC)
I am a retired CPA who wants to do some bookkeeping services on a telecommute basis for some companies.  My question is, will QuickBooks Pro 2015 allow me to record transactions...