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Q&A Forum

New NOC Setup

Andro Box
Title: Process Engineer
Company: NetCenter
(Process Engineer at NetCenter)
We are in the process of setting up a brand new IT operations centre for our client. We already have few processes in terms of ITIL, but is there any guide you can point to, for all the...
1046 Views | 1 Answers/Comments

How to account for the various expenses of an event?

By hosting an event, it may involves transportation cost, accommodation cost, advertising cost and so on. How do you account for these expenses? Need to put into different accounts or j...
133 Views | 3 Answers/Comments

Distributing Yearly Differences

I have this problem where at the end of the year I need to distribute sales differences over the four quarters. However, I do not want to distribute it evenly. If I distribute it based ...
35 Views | 0 Answers/Comments

VBA Excel in Accounting

Samuel Achonu
Title: Accountant
Company: B.Braun
(Accountant at B.Braun)
I would like to know how effective is VBA Excel for entry-level accounting? Whether it is worth learning VBA or not ?
82 Views | 2 Answers/Comments

Entry-level Accounting

Samuel Achonu
Title: Accountant
Company: B.Braun
(Accountant at B.Braun)
I am new in accounting and I am looking to grow into accounting. I am still looking for entry-level accounting jobs but I do not have a background in accounting. How do I get started? ...
45 Views | 1 Answers/Comments

Making Excel Forecasting Simple

(Division Finance Manager)
I have Excel as my only source for forecasting and have been tasked with making it less detailed and simpler to use and follow. The challenge is that our industry is very direct labor ...
10824 Views | 3 Answers/Comments

Quickbooks Enterprise and deferred revenue. A bit confused and need help.

New CFO to a SaaS company and a bit confused about how to have my accountant process these transactions (we are currently using QuickBooks Enterprise). Would some kind soul who uses...
243 Views | 2 Answers/Comments

How is an exercise equipment package taxed for employees as well as the company?

(Director, Payroll)
There will be a contest where there is a prize of exercise equipment and package for membership etc. The total value is $3500 per package and 6 will be given away. How is something like...
1629 Views | 2 Answers/Comments

Vehicle Loan on employee's credit

There is a company vehicle that was financed on the Fleet Manager's personal credit. I'm not clear if it was his personal vehicle prior to being put in the fleet or not. The company a...
54 Views | 2 Answers/Comments

Should I be charging sales tax?

Hello, I have a cleaning company, I work for several real estate agents as a sub-contractor, they send a 1099 for the amount of money that they've paid me throughout the year. I have...
1562 Views | 2 Answers/Comments

Any forecasting software take in inputs such as Sales Contract data?

(Director of Finance and Operations)
Background: 15 person software company focused on enterprise-sales Scenario: Currently looking to move from our excel-based financial model into a more modern framework. Our current ...
94 Views | 1 Answers/Comments

How is Wyoming for registering an LLC?

Sohaib Khan
Title: Business Solutions Consultant | ERP, CRM..
Company: Independent
(Business Solutions Consultant | ERP, CRM.. at Independent)
I'm planning on registering an LLC in Wyoming. I don't live in the US neither I have ever visited. I'm actually a Pakistani and live in Karachi. I came across some consultants they offe...
1073 Views | 0 Answers/Comments

Proper set up and recording of transactions in government program budgeting tool

E. Stephen Kim
Title: Financial Management Analyst
Company: U.S. Department of Defense
(Financial Management Analyst at U.S. Department of Defense)
I work in the Financial Management department of a U.S. government agency. We use a MS Excel-based budgeting tool with which we record allocations of and expenditures from program budg...
643 Views | 4 Answers/Comments

In dire need of good consolidation software for small but relatively complex RE Invest Group

(Senior Financial Analyst)
Hello all, I recently started at a small REIG (just under $2B AUM) that has over 50 income generating properties, operational companies, and stakes in startups/small businesses. Prev...
136 Views | 1 Answers/Comments

Direct experience with Tagetik?

Keith Perry
Title: Director of Global Accounting
Company: Agrinos, Inc.
(Director of Global Accounting at Agrinos, Inc.)
We are looking at getting a "consolidations tool". We've got 18 companies in 12 currencies, all on different systems. Eventually, full ERP may be the answer, but we need an effective,...
39 Views | 0 Answers/Comments

What are some creative ways to make up for money lost from vendors lowering or eliminating early pay discounts?

Our vendors are really getting stingy with the terms they're offering us for paying them early. Typically we get a 2% discount if we pay X days prior to the date payment is due. We ha...
2305 Views | 3 Answers/Comments

Am I required to provide copies of canceled checks?

Richie Wohlers
Title: Controller
Company: Vision Mechanical Services
(Controller at Vision Mechanical Services)
I have a contractor who is demanding I provide copies of dozens of canceled checks from 3+ years ago. The bank is going to charge me $7.50 per check. The contractor is trying to pla...
2343 Views | 0 Answers/Comments

S-Corp election

Hello, I filed for late election relief under rev. Proc 2013-30. Stating that client intended for the LLC to be an S-Corp and is compliant with all taxes. However, IRS approved it for ...
1555 Views | 0 Answers/Comments

What POS system is best for a small retailer?

Jason Rollins
Title: VP Finance
Company: Virginia Clothing Company
(VP Finance at Virginia Clothing Company)
21238 Views | 11 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 I can't find any testimonials, looks like the company is ...
406 Views | 5 Answers/Comments

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