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Q&A Forum

Inventory Supplies Policy

Anonymous
(Corporate Controller)
Hello, I'm new to this forum and have a question about how those of you in manufacturing or other similar industries treat your inventory policy for materials and supplies. I'm relat...
43571 Views | 2 Answers/Comments

How is POS Different From My Accounting Software?

Sheetal Kamble
Title: Software Analyst
Company: Technology Counter
(Software Analyst at Technology Counter)
How is POS Different From My Accounting Software?
28 Views | 0 Answers/Comments

What are EOR services?

petterson bennett
Title: accountant
Company: Accounting Outsourcing
(accountant at Accounting Outsourcing)
Employer of Record (EOR) is an alternative payroll solution often provided by staffing companies.
38 Views | 0 Answers/Comments

How to maintain employment of records?

petterson bennett
Title: accountant
Company: Accounting Outsourcing
(accountant at Accounting Outsourcing)
Its necessary for small business that how to maintain employment of records..need to discuss about that
40 Views | 0 Answers/Comments

How do I pay myself?

Anonymous
(Freelancer)
I'm not sure how to explain this, so I'll try my best. I'm self-employed. I do freelance work for a website. I don't know how to pay myself though. I mean I don't know how to make t...
234 Views | 2 Answers/Comments

Accounting for a Cost Plus Subsidiary

Anonymous
(Manager of Accounting)
We have an international subsidiary with a cost plus agreement. The subsidiary does not generate any revenue and is established only to handle the wages and employee benefits of our int...
168 Views | 2 Answers/Comments

Equity movement of a branch

V TEK
Title: International controller
Company: None
(International controller at None)
Hi all How the capital movement should take place between branch and the parent entity? Here I am referring to best practices when it comes to excess cash blocked in the branch? T...
137 Views | 1 Answers/Comments

Estate Tax

Howard Smolin
Title: Accountant
Company: HJS & ASSOC
(Accountant at HJS & ASSOC)
The home of a decedent became an asset of his estate upon his death. His three children are fiduciaries of the estate. If the estate sells the home, does the cost of the home receive a ...
209 Views | 2 Answers/Comments

Tax implication: Intercompany debt-waiver between parent and subsidiary

Anonymous
(Controller)
I work for a US subsidiary (I'll call Inc) whose parent company was based in the Nordics (I'll call A/S) and filed for bankruptcy. A/S no longer exist and is now managed by a Trustee o...
124 Views | 2 Answers/Comments

Which is best android tablet for pos in restaurant and retail market?

Sheetal Kamble
Title: Software Analyst
Company: Technology Counter
(Software Analyst at Technology Counter)
Any recommendations on POS Software for Restaurant and Retail Market? Looking for easy front end, reliable back end,good price, Most important are performance, reliability, tech suppor...
89 Views | 0 Answers/Comments

Alternatives To Quickbooks

Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com)
Is anyone using an alternative to Quickbooks? There are several (well more than several) direct competitors to QB. Anyone using one of them and why? ...
14678 Views | 21 Answers/Comments

Deferred Property Tax

A B
Title: Accountant
Company: ---
(Accountant at ---)
I have been going rounds with this and need some help to make sure that my books are accurate. For simplicity's sake, my yearly property tax bill is 12k. Our state allows us to pay in...
101 Views | 0 Answers/Comments

POS and ERP solutions for Floor plan inventory

Len Green
Title: Performance Improvement Consultant and E..
Company: Haygarth Consulting LLC
LinkedIn Profile
(Performance Improvement Consultant and E.. at Haygarth Consulting LLC)
If you have experience or knowledge of software that can manage floor plan inventory for a multi location B2B retailer, please let me know. The business model is similar to an auto dea...
799 Views | 1 Answers/Comments

Requiring Backup Before Paying Things?

Copper Jode
Title: Finance Manager
Company: Anonymous
(Finance Manager at Anonymous)
Ok so I've worked in accounting departments for ten years in 3 different companies. Typically, there is a control process in place where AP has to enter a transaction with proper backup...
10360 Views | 3 Answers/Comments

Can I record /expense purchases into an inventory account if I am a cash basis business

Ron Rochester
Title: Account Manager
Company: R Rochester Business Services
(Account Manager at R Rochester Business Services)
Can I purchase items into inventory and expense over time, when using a cash basis accounting system. We purchase larger than needed quantities to get bulk discount pricing. Do I ha...
109 Views | 0 Answers/Comments

Budgeting for release of resricted funds

Mike Mc
Title: Consultant
Company: Consultant
(Consultant at Consultant)
I am struggling with how to present the budget for my nonprofit employers. With respect to releasing restricted funds that were recorded as revenue in a previous year, for a project to...
150 Views | 1 Answers/Comments

Online Accounting Systems

Sima Singh
Title: Software Strategist & Digital Marketing ..
Company: Technology Counter
(Software Strategist & Digital Marketing .. at Technology Counter)
What other online accounting systems are used besides the double entry bookkeeping system?
151 Views | 1 Answers/Comments

Should payroll be HR or finance?

Sheetal Kamble
Title: Software Analyst
Company: Technology Counter
(Software Analyst at Technology Counter)
144 Views | 2 Answers/Comments

Revenue sharing - payment to the customer

Anonymous
(Controller)
Hi, hopefully it is a quick question. Our company just started to do revenue sharing with a customer, we are paying the customer 80% annual fee and 80% interchange fees based on the i...
112 Views | 1 Answers/Comments

Bookkeeping Question

Anonymous
(n/a)
Hello all, I have a startup company that I am working through and I had a couple bookkeeping questions. It is a very small startup, $20K income/expenses per year. We buy materials...
157 Views | 1 Answers/Comments

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