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Q&A Forum

Accounts Receivable Financing vs Factoring - What are the differences?

23319 Views | 6 Answers/Comments

Form 2210 & Subchapter S Income

Luca Pacioli Jr.
Title: Owner
Company: Manufacturing
(Owner at Manufacturing)
My S corporation is a manufacturer. I am the only stock holder. Yearly sales $500k. My salary $70k per year (all taxes are withheld). A bonus paid at the end of the year $63K (al...
717 Views | 3 Answers/Comments

Entry for Conversion of Convertible Notes

William Lieberman
Title: Founder & CEO
Company: The CEO's Right Hand
(Founder & CEO at The CEO's Right Hand)
I have a client that raised $1MM in convertible notes at a $10MM cap with a 20% discount. They subsequently received their Series A investment of $10MM at a $40MM pre-money valuation at...
44 Views | 2 Answers/Comments

Under Invoicing

Zulfiqar Ali
Title: Assistant Manager Receivables
Company: General Group
(Assistant Manager Receivables at General Group)
Hi Will someone explain it to me under-invoicing, how does it works with detail and with examples, please. Everyone should provide his/her view as this would help me understand in...
74 Views | 1 Answers/Comments

Auditing software?

Brad Dimit
Title: owner
Company: Dimit Accounting
(owner at Dimit Accounting)
Anybody have a lead on some good auditing software? We are creating an auditing sector in our business and would like to find a program that offers all the letters, forms, write ups, c...
53 Views | 1 Answers/Comments

Cash Flow Statement & Cash Balance

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...
2760 Views | 8 Answers/Comments

Cumulative Translation Adjusment

Omar Sheikh
Title: L/C Executive
Company: Al Solutions
(L/C Executive at Al Solutions)
UK Branch Balance Sheet Dec. 31, 2012 Currencies:::: Pounds - Rate - Dollars Cash ...
46 Views | 1 Answers/Comments

Class Income Statement Reporting for Business Unit Directors, out of QB Ent

Jason Nelson
Title: Co-Founder, CEO
Company: Allixo
(Co-Founder, CEO at Allixo)
All, I am looking for a way to show business unit directors an income statement of their unit's financial performance (tracked with QB Class), either in real time, or exported/email ...
62 Views | 1 Answers/Comments

Interior Design Accounting for Supplies

Ashley Anderson
Title: Accounting Manager
Company: Broadway Management
(Accounting Manager at Broadway Management)
Hi there, How do interior design companies account for things such as decor items purchased? Should I put them in job supplies expense or cost of goods sold? I also thought about put...
43 Views | 1 Answers/Comments

Recording expenses in multiple currencies

(Staff Accountant)
My company will only pay expense reports in either GBP or USD, but we have employees, very rarely, who will make purchases in other currencies. Usually, they use a debit or credit card ...
69 Views | 1 Answers/Comments

Invoice Liability Issue

Zulfiqar Ali
Title: Assistant Manager Receivables
Company: General Group
(Assistant Manager Receivables at General Group)
Can sombody tell me when should a liability be created? I mean when should an Invoice be posted in ledger?? below are ther conditions; After receiving the bill? After receiving sal...
80 Views | 3 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...
115 Views | 2 Answers/Comments

Out of control CEO - should I inform Board Member?

(Director of Finance and Operations)
Long-story short, our CEO has made some critical decisions that, ultimately, will jeopardize the shareholder value of the company. From internal politics to short-sighted sales tactics,...
89 Views | 2 Answers/Comments

Bonus for fundraising

Can a bonus paid to an employee for closing a fundraising round be deducted from APIC?
42 Views | 0 Answers/Comments

What is the best project management tool for a tech startup?

3695 Views | 11 Answers/Comments

What is considered turnover vs. revenue for a platform like Airbnb/Etsy?

Elke Vanwijnsberghe
Title: Founder
Company: Plantracker
(Founder at Plantracker)
I am currently creating an online platform where people can offer services. A simple example to explain. Person X is very talented in service design and offers his services on the platf...
71 Views | 2 Answers/Comments

Trusted Smart App to scan and organize receipts, any suggestions?

Jake Mora
Title: Owner
Company: JM3 Corp
(Owner at JM3 Corp)
The purpose of this is to reduce paper and simplify organization in the event of an audit. This is not a question to incite debate: Is there a trusted, easy app (Google or AppSt...
44 Views | 1 Answers/Comments

2018 Proformative Insights Survey-We need your feedback!

Jessica Bozzo
Title: Content Project Manager-Finance
Company: Argyle Executive Forum
(Content Project Manager-Finance at Argyle Executive Forum)
Share your 2018 insights and challenges with us, and we will deliver better content and webinars to you. Proformative is always looking to improve, and we can’t do that without...
53 Views | 0 Answers/Comments

What would be the best way to hire a commission employee?

Maria Daniels
Title: Owner/operator
Company: Reset Business Consulting
(Owner/operator at Reset Business Consulting)
I am a smaller business. I am considering hiring someone to work for me on a commission basis. I know whenever I first started in the industry I work for commission. I am not sure ...
4344 Views | 2 Answers/Comments

Job Title CFO vs. Controller vs. Finance Director what is the proper pecking order

I am helping out a colleague who is trying to fill an opening in his company. It is a retailer doing over 25M. The current person that is leaving holds the title of Finance Director...
182259 Views | 19 Answers/Comments

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