Popular Management Discussions

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Rick Bigelow
Title: C0O
Company: LSSM
(C0O at LSSM)
Does anyone have a template of FAQ's that can be used in addressing employee questions after an acquisition?  I cannot locate the list I formulated years ago. Any assistance will be of great help. Regards... Rick
Anonymous Member
Anonymous
(Manager)
I inherited a system that I need to thoroughly re-vamp, as we seem to find a steady flow of new risks through an ongoing series of difficult experiences. Are there some checklists, sytems, processes, tips or wisdom that I can build into our process to safeguard against the amazing variety...
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Lee Qiu
Title: Internal Audit
Company: Charter School Network
(Internal Audit at Charter School Network)
We are a medium sized technology company with offices across three continents.  We have about 60 regular travelers globally and USD $1.5MM annual T&E budget. Right now we are using internal resources to manage travels, i.e., looking for best fare, booking flight & hotels...
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Saty Ghosh
Title: Senior Vice President - IA
Company: IDT Corporation
(Senior Vice President - IA at IDT Corporation)
Appreciate it, if someone could share benchmarking data on Travel & Entertainment expenses for companies based on revenue and/or employee population and/or market capitalization. Thank you
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Jeffrey Flamm
Title: CEO
Company: Infinite Mind
(CEO at Infinite Mind)
Does anyone have a prototype of a outside sales commission agreement for an independent sales agent?
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Matt Dawson
Title: CFO
Company: Dcs
(CFO at Dcs)
Hi.  My young company has handled corporate cellphone policy (reimbursement) inconsistently over the years.  Currently we have employees with their own phones and plan that get reimbursed via AP (some 100% at exec level and others a fixed amount) and we have a few folks on a...
Anonymous Member
Anonymous
(Accounting Manager)
I'm hoping someone can help me with an excel formula issue. I'm trying to create a spreadsheet that can calculate a bonus based on three different tiers. Each tier has two objectives that must be met to reach that bonus. So, for example, if net profit is $1,000 and gross profit is...
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Event Questions
Title: Event Questions
Company: Proformative
(Event Questions at Proformative)
This question was asked by an attendee during the Proformative webinar “Finance Transformation: Essential Elements for Driving Success" held on February 27, 2013.  Please join the discussion and add your insights below. A video of the webinar can be viewed here: https://...
Anonymous Member
Anonymous
(Manager)
The business I work for is engaged in a robust internal discussion about the cost vs benefits of employees vs independent contractors. There's debate over just about every aspect, including who really qualifies, the costs/benefits of independent contractors, the potential risks, and...
Member's Profile
Steve Siino
Title: Workforce Mgt Consultant
Company: Independent
(Workforce Mgt Consultant at Independent)
I am seeking the opinions of the group regarding experience with specific PEO providers, the general model, and recommendations specific to a company's size (0-49, 50-99, 100-999, 1000 and above) and status (public, private and pre-IPO).  Thank you!
Member's Profile
kaycee Lane
Title: accountant
Company: KT Tape
(accountant at KT Tape)
I just want a system that will match receipts with credit card transactions from purchasing card. We don't have any travel reimbursements, everything is on card. Is there a way to upload credit card transactions, batch by card (employee) then send report for the employee to expense...
Member's Profile
Paul Remington
Title: CFO
Company: Westbrook Technologies, Inc
(CFO at Westbrook Technologies, Inc)
We have had a policy for working from home of not allowing employees to work from home.  However, I have discovered under certain circumstances (child sick, bad weather and difficult to come in) some Managers have allowed their employees to work from home instead of requiring...
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Matus Porubsky
Title: Financial Director
Company: NMS s.r.o.
(Financial Director at NMS s.r.o.)
Does your company sales team's KPIs include collection related metrics, or you leave dealing with overdue receivables to the collection department and credit risk prevention (and then salespeople's bonuses do not depend on payment discipline of their clients)? I have seen...
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Bob Stenz
Title: Controller
Company: Silicon Valley start-up
(Controller at Silicon Valley start-up)
When expanding in Europe (say sales, support, or maybe R&D of less than 5 employees in any one country), I've been faced with trades-off between 1) local incorporation/employee hire, 2) branch office/employee hire, or 3) independent contractor. These three options all have...
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Liz Armstrong
Title: Controller, consulting
Company: Consulting
(Controller, consulting at Consulting)
I'm interested in getting feedback from large employers (over 100 employees) with out-of-state employee and have somewhat complex payroll (lots of deduction and earnings codes, various incentive programs-commission & bonuses, fringe benefits,...
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Mike Farrow
Title: CFO
Company:
(CFO)
If an employee has an annual performance bonus as part of their compensation and they resign in January (after working the full year) before the amounts have been paid out, is it common to not pay anything? This would not be for a commission based amount, purely for a incentive bonus...
Member's Profile
scott graves
Title: CFO
Company: Armstrong Teasdale LLC
(CFO at Armstrong Teasdale LLC)
We are in the process of implementing Performance Boards in the Finance / Accounting department to document, track and drive performance.  Initially, we discussed tracking on a daily basis: # invoices processed (payables), # errors (payables), $ receivables collected, # of...
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Jeff Thornton
Title: Controller
Company: Technology Company
(Controller at Technology Company)
I would love to get thoughts from anyone on pros/cons of changing from a vacation policy where an accrual is required to a vacation or PTO policy in which the company can eliminate the balance sheet accrual. My understanding of GAAP (simplification of 710-10-25-1...
Anonymous Member
Anonymous
(CEO)
What should be the going rate for a contract CFO? We are a $20mm Reseller organization with 60+ employees. Also, when is the right time to hire direct? Our contract CFO is reluctant to come on full-time.
Member's Profile
M. Feldman
Title: Controller
Company: Private
(Controller at Private)
I’m part of a small group tasked with planning a corporate retreat. The purposes in general are relaxation, team-building and brainstorming new ideas. I’ve got the relaxation part covered, if the other two don't get in the way. I could use some ideas, inspiration, topics,...
Member's Profile
Simon Westbrook
Title: CFO
Company: Aargo Inc.
( CFO at Aargo Inc.)
In recent years I have seen a number of companies switch from having separate vacation, sick, and personal time off to an integrated PTO system. Regardless of the reason for not attending work, the employee is charged against his or her accumulated PTO accrual. While there may...
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 Production department to setup their targets, but for Accounting Department, all the works are routined, and we...
Member's Profile
Vernon Reizman
Title: CFO
Company: RCM Industries, Inc.
(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 could not move...
Member's Profile
Patrick Dunne
Title: Chief Financial Officer
Company: Milk Source
(Chief Financial Officer at Milk Source)
We are looking at eliminating the requirement of obtaining all original receipts.  We currently require original receipts and scan these into our systems.  Has anyone had any issues in having employees scan these and send in for processing?   I worry more about...
Member's Profile
Mark Richards
Title: VP of Finance & Operations
Company: RBA Consulting
(VP of Finance & Operations at RBA Consulting)
One of the great challenges for all Finance members is explaining financial results to non-finance staff. Often a well-drawn graphic or chart allows the communication of fair amount of detail without overwhelming the audience or forcing them to understand finance. The tough part is...
Anonymous Member
Anonymous
(CFO)
I've been asked this question a few times at interviews.  I know that a good answer depends on the job but I was curious what others might say.  Assume position is a VP/CFO position at a small/medium size private company.
Anonymous Member
Anonymous
(SVP, Director of Corporate Fin)
We bill out clients based on actual hours incurred and when time sheets lapse we can't invoice or record the appropriate income. Recently switched systems and having a very difficult time with employees grasping the new, easier system and submitting their time sheets in a timely...
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Rose Robbins
Title: CFO
Company: Private
(CFO at Private)
Which do you prefer or works better for you: payroll schedule bi-weekly vs semi-monthly? Editor's Discussion Summary: Proportion of hourly vs exempt employees is an important consideration Accounting is slightly different with each schedule Bi-weekly means you have to know the last...
Member's Profile
Kim Supercynski
Title: CFO
Company: Lincolnway Energy, LLC
(CFO at Lincolnway Energy, LLC)
I am trying to put together an incentive plan for my accounting employees.  Any ideas on goals to include for accounting personnel? Editor's Discussion Summary: Accounting Department Goals, in this case as they relate to an incentive plan Focus on a limited set of important...
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Doug Thompson
Title: Director of Revenue
Company: Castlight Health
(Director of Revenue at Castlight Health)
How much upfront, how much over time, and for how long into the future.
Member's Profile
Shannon Mathews
Title: Controller
Company: AKT LLP CPAs and Business Consultants
(Controller at AKT LLP CPAs and Business Consultants)
What expectations do you have at your company/firm to turn expense refunds? Currently we pay employees back through payroll so we give a deadline of 5 days before payroll to get expense reports in. However we are discussing going to a weekly ACH run for reimbursements. I'm trying to...
Anonymous Member
Anonymous
(VP, Finance)
We are hiring a summer intern to work for us this summer. Would it be problematic to pay him a stipend as an independent contractor or do we have to put him on the payroll? Thanks./p>
Member's Profile
Jim Zandee
Title: Director of Finance
Company: Prezio Health
(Director of Finance at Prezio Health)
I'm helping a startup in the medical field.  Does anybody have advice on a sales commission plans?  Mix of salary and comm%?  Rough % for commissions?  Thanks!  Jim in MI
Member's Profile
Maria Marsala
Title: Financial Advisor Coach, Speaker, Author
Company: Elevating Your Business
(Financial Advisor Coach, Speaker, Author at Elevating Your Business)
I've done work on retainer before, but it's time to update how I do this.  Especially since I have clients who are being asked to provide clients with retainer fees.  I'd love to learn how others determine their rates when they're working "on retainer"...
Anonymous Member
Anonymous
(VP & Chief Administrative Officer)
Can anyone share with me what your company policy is on company cars and auto allowances? I'm looking for a gauge of what the current market is for auto allowances or company cars for various management positions. We are a $5 billion rev company.
Member's Profile
Michael Scherbourg
Title: CFO
Company: Miklan Manufacturing
(CFO at Miklan Manufacturing)
We are looking to bring on a sales leader for commission only. That is, if it is legal to hire someone for only sales percentage (and stock options). Is there any issue with that? CA resident, by the way.
Member's Profile
Anonymous Member
Anonymous
(Owner / Interpreter )
Hi all, I would like you to share your experiences on your first day on work when you becomed manager. How did you present yourself to your new team? What was your opening phrase and what did you tell them about you or about your next leadership role?
Anonymous Member
Anonymous
(Controller)
I'm looking for successful strategies for inspiration. Feel free to answer anonymously, if you like.
Member's Profile
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com)
I've seen time and time again the number of people you have managed being a metric used in the hiring process. I haven't quite figured out how that makes you a better supervisor/manager, but who said the hiring process is logical and realistic. So how many people do you have as...
Member's Profile
Scout Young
Title: CFO
Company: Private
(CFO at Private)
Effective cost reduction ideas needed.
Member's Profile
Scott MacDonald
Title: President/Owner
Company: AlphaMac Resources, Inc.
(President/Owner at AlphaMac Resources, Inc.)
Most of the problems we have seen with company failures in recent times is the fact that a CFO didn't make good decisions, most of the time because of the leverage the CEO had over them. I believe the CFO should report directly to the Board of Directors, so that their job can't...
Anonymous Member
Anonymous Member
Anonymous
(Vice President Finance)
When do you recognize bonus expense when company grants a retention bonus payable 75% in year 1 and 25% in year 2 with clawback provisions?
Anonymous Member
Anonymous
(Senior Director)
We are in the process of reviewing our rules on commission payouts for our sales execs. Currently, we have quarterly goals and incentive structures for each rep/territory. We have not had a clear cut payout rule for commission on attainment of those goals, except for a general alignment...
Anonymous Member
Anonymous
(Operations Controller)
In the past I have always strived for a percentage improvement over the prior year or prior rolling three years.  It's difficult to determine how much improvement is good enough other than ones own past experience.  Does anyone know of any publications or...
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Anonymous Member
Anonymous
(FM)
When assessing the financial performance of a fashion retail outlet, what KPI's should one calculate and analyze?
Member's Profile
Phil Murray
Title: VP of Finance & Administration
Company: Kimbia, Inc.
(VP of Finance & Administration at Kimbia, Inc.)
My company is considering moving to an Open time off policy, where there are no number of maximum days specified for employees, but instead managers are given discretion around approving time off (with the exception of extended leaves which fall under a separately policy). This requires a...
Member's Profile
Event Questions
Title: Event Questions
Company: Proformative
(Event Questions at Proformative)
This question was asked by an attendee during the Proformative webinar "Using Customer Stratification and Cost to Serve Information in Your Sales Efforts to Maximize Profits" held on October 9, 2012.  You can view a video of the webinar and access the presentation here:...
Member's Profile
Madan Aggarwal
Title: VP Operations
Company: Unify Square, Inc.
(VP Operations at Unify Square, Inc.)
Member's Profile
Scott Rodriques
Title: Controller
Company: Nova Biomedical
(Controller at Nova Biomedical)
What is the prevailing thought (i.e., do companies reimburse?, how much? is it a % of the total or a flat amount?,etc) on reimbursing off-site sales and service employees for home internet charges?
Member's Profile
Umesh Sutravey
Title: Senior Manager
Company: EMC
(Senior Manager at EMC)
This could be a basic question, but I still would like to seek your expert advice here. How do I come up with collection GOAL? What is the scientific method to set goals on a quarterly basis?
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Keith Perry
Title: Consulting CFO and Business Operations A..
Company: Growth Accelerator
(Consulting CFO and Business Operations A.. at Growth Accelerator)
Ref we've been inspired by this policy: http://www.cbsnews.com/news/amazon-pays-employees-5000-to-quit/. One of our officers feels that paying employees who are disgruntled to volunteer to quit is a good solution to keeping a happy staff (not the only part of the program, of course)....
Member's Profile
Simon Westbrook
Title: CFO
Company: Aargo Inc.
( CFO at Aargo Inc.)
The recent departure of Mark Hurd from HP over what was referred to as less than perfect expense reporting brings up a sensitive issue. CEOs are generally considered to be big and important people (especially by CEOs) and their expensive time is best spent on important issues like how to...