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Q&A Forum

Western CPE going bankrupt - what should I do with my CPE?

Janice Taylor
Title: CPA
Company: Self
(CPA at Self)
A friend just told me that Western CPE has filed chapter 11. I have used them for years. What should I do with my CPE certificates from them, and who should I look at next for CPE?
1283 Views | 4 Answers/Comments

Contract date

Olive O
Title: Controller
Company: P&P
(Controller at P&P)
If a contract's effective date is in October but was signed in December, would rev recognition begin in Oct or Dec? Considering we haven't adopted the new standards
15 Views | 0 Answers/Comments

Proper recognition of deferred fees and costs?

Tommy Barzola
Title: Manager
Company: Wintrust Bank
(Manager at Wintrust Bank)
Good day all Under FASB 91, as a lender we are to recognize loan origination fees and costs over the life of the loan. In my office there is some discrepancy of how we go about accou...
20 Views | 0 Answers/Comments

Financial Statement Presentation of a Converted Corporation

Taewon K
Title: Staff Accountant
Company: CPA
(Staff Accountant at CPA)
Hello, I had a question about financial statement presentation for an audit. In 2017, an LLC converted to a Corporation mid-year. At the time of the conversion, the net income to dat...
34 Views | 0 Answers/Comments

Cash Flow Statement & Cash Balance

Anonymous
I work at a growing startup and our actual cash balance (reconciles with quickbooks) does not tie to our cash flows cash balance (excel). We track revenue & inventory outside of qui...
2637 Views | 7 Answers/Comments

How is a wiki different from project management tools like Basecamp?

Jeff Andrews
Title: Treasurer
Company: Private
(Treasurer at Private)
1964 Views | 4 Answers/Comments

How to Keep Track of Tasks

Doug Sleeter
Title: President
Company: The Sleeter Group, Inc.
(President at The Sleeter Group, Inc.)
Do you find yourself wanting to scream at times? You have a full schedule for the day and meanwhile 5 people are trying to reach you, one by text message, another is e-mailing yo...
782 Views | 1 Answers/Comments

Need factoring or asset-based lender suggestions for Mass SaaS private company

Anonymous
(Director, Finance and Business Administr..)
Hello all, We are a very small (less than 20 people) SaaS company in Massachusetts looking for recommendations for a company that does a Factoring of Receivables or an Asset-Based lend...
45 Views | 2 Answers/Comments

E-commerce platform

Chun Huat Tan
Title: Finance Executive
Company: Singapore
(Finance Executive at Singapore)
Hi, We will be developing an online e-commerce platform for buyers and sellers to transact. We will charge a fixed % of platform commission for the usage of platform. Payment gate...
26 Views | 0 Answers/Comments

What are the most unexpected areas of overspending for your business?

Scout Young
Title: CFO
Company: Private
(CFO at Private)
4037 Views | 15 Answers/Comments

Is SaaS software good for small startups?

Jane Levin
Title: Corporate Controller
Company: Private
(Corporate Controller at Private)
We are looking for something more scalable and global than Quickbooks, but we are small (sub 50 employees) and I don't think I want to take a $50K+ proposal to my CEO for a system we cu...
3599 Views | 15 Answers/Comments

QuickBooks Desktop VS Online

Will Turner
Title: Manager
Company: Sapience Cloud
(Manager at Sapience Cloud)
QuickBooks Desktop VS Online, which one is the best & why?
610 Views | 6 Answers/Comments

Asset Capitalization

Anonymous
(Accountant)
We are planning on purchasing a significant amount of large metal trays that will be used with our manufacturing equipment. Individually, they only cost about $300, but in total will pu...
210 Views | 4 Answers/Comments

QuickBooks Multi User Mode

Jenna Alcantara
Title: Bookkeeper
Company: Nick&susie
(Bookkeeper at Nick&susie)
My family has a very small rental business and uses quickbooks 2015 for the bookkeeping. We have book keeper in one state, an a accountant in another. I'm wondering if the multi use...
88045 Views | 6 Answers/Comments

QuickBooks Toolkit for Resolving Its Problems

Jyoti Prakash
Title: sr exective
Company: Stellar Data Recovery
(sr exective at Stellar Data Recovery)
Any tool, application, or software that is running on Microsoft Windows can encounter problems and the QuickBooks is no exception. For working properly, different components of QuickBoo...
30544 Views | 7 Answers/Comments

Based on your personal experience or if you have any suggestions, which ERP offers best solutions for a manufacturing company to make its product costing more accurate?

Anonymous
(Accounting)
A manufacturing company has a vast line of products, e.g. product A which is being classified into alot of SKUs , i.e. grades, class, sizes and etc. On a per product basis, these are be...
91 Views | 4 Answers/Comments

Treatment of Bad Debt expense

Sufyan Alvi
Title: Assistant Manager
Company: Nyumba Ya Akiba SA
(Assistant Manager at Nyumba Ya Akiba SA)
Hi, I want to ask that when we collect previously written-off receivable, we make entry of Dr Cash Cr Allowance for Doubtful Debts. And, earlier we had already passed an...
88 Views | 2 Answers/Comments

Does someone knows something about the Smart POS systems company?

Dilan White
Title: owner
Company: White's restaurant
(owner at White's restaurant)
I'm going to open my first restaurant soon and my friend recommended to use this POS system for restaurants http://pos-ne.com/ I can't find any testimonials, looks like the company is ...
277 Views | 4 Answers/Comments

Restaurant Accounting with QuickBooks: Recording Daily Sales

Doug Sleeter
Title: President
Company: The Sleeter Group, Inc.
(President at The Sleeter Group, Inc.)
A restaurant’s success relies on an effective back office accounting system, and QuickBooks financial software can be a critical part of that success. QuickBooks can be used for...
19305 Views | 1 Answers/Comments

What practice management and cloud file sharing software is everyone using?

Camille Johnson
Title: Accounting Assistant
Company: Amitabh Bhatnagar CPA, CA
(Accounting Assistant at Amitabh Bhatnagar CPA, CA)
Looking to switch from CCH iFirm to something else. Thank you!
50 Views | 1 Answers/Comments

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