Accounting

Member's Profile
Laresa McIntyre
Title: Vice President Finance
Company: Infinity Sales Group LLC
(Vice President Finance at Infinity Sales Group LLC)
Here are 10 accounts payable best practices in no particular order.  Hopefully your A/P department can put a check beside each of these items.   1. Always pay from original...
Member's Profile
Liz Armstrong
Title: Controller, consulting
Company: Consulting
(Controller, consulting at Consulting)
My client is implementing a cloud based (SaaS ) financial system and wants to capitalize the implementation costs under the computer software developed or obtained for internal use...
Member's Profile
Lee Andrews
Title: P/T CFO, Business Consultant
Company: Pacific Bag, Inc./Other Clients
(P/T CFO, Business Consultant at Pacific Bag, Inc./Other Clients)
Hypothetical #1 -- say a company is in the business of making auto wheel rims and uses lathes in the manufacturing process. If they sell off a used lathe, then I have always...
Member's Profile
Andy Tan
Title: Supervisor
Company: AVS System Networks
(Supervisor at AVS System Networks)
In the company we are working now, it's required that Manager of each department has to set up annual targets/objectives for the department. It's quite easy for Sales or...
Member's Profile
Tim Williams
Title: CFO
Company: Private
(CFO at Private)
I am being asked to "shop for" an audit firm that can handle the growth we plan  to experience. What are the main differences between the big four accounting firms? Are...
Member's Profile
Stephen Helfrich
Title: CFO/Consultant
Company: In Transition/Consulting/Interim CFO
(CFO/Consultant at In Transition/Consulting/Interim CFO)
I recently started working for a company that has a Mexican Mequilladora operation and they have not been correctly implementing FAS 52 as it applies to financial statement translation...
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Jean Chidley
Title: CFO
Company:
(CFO)
Is anyone aware of an accounting policy statement supporting treatment of credit card fees as an offset against revenue (e.g., cost of services sold) as opposed to an operating...
Member's Profile
Sara Voight
Title: Controller
Company: Critical Signal Technologies, Inc
(Controller at Critical Signal Technologies, Inc)
We have a contractor who will be submitting weekly invoices to us for his work at our company. No issue as we will track this and provide him with a 1099 at year end for his services....
Member's Profile
Jerry Goldberg
Title: Principal
Company: Strategic Capital Corp
(Principal at Strategic Capital Corp)
I have a client who is paying an outsourced development firm on a monthly basis to develop a proprietary software platform. Total time will be 24 months at #240K total, and then...
Member's Profile
Margaret Hsia
Title: Financial Consultant
Company:
(Financial Consultant)
My understanding is that audit/tax fees no longer need to be accrued for a monthly basis but expensed in the period incurred.  Do you have a guidance reference that supports...