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Q&A Forum


Shannon Ortiz
Title: Accounts Payable
Company: Viacyte
(Accounts Payable at Viacyte)
We have just implemented - previously, as AP, I always selected all invoices and cut checks to be signed. With, since you are assigning the Authorized Users for payme...
107 Views | 0 Answers/Comments

What is the best accounting software that can help me to manage all my monthly transactions?

Elena James
Title: Business Analyst
(Business Analyst at
What is the best accounting software that can help me to manage all my monthly transactions?
253 Views | 1 Answers/Comments

Should I issue two 1099 forms for an Independent Contractor that updated their EIN#?

(Accounting Manager)
One of our Independent Contractor sent us a W9 with a new EIN#. Should I process two 1099 forms this year, one with the old number and another with new number? or Should I issue their ...
156 Views | 1 Answers/Comments

New Auditor

Russell Lawler
Title: Looking
Company: Looking
(Looking at Looking)
Hello! I am a new auditor. I had a general question about auditing: When auditing an entity, I guess there aren't requirements for HOW MUCH workpapers you need? Do you basically ...
134 Views | 1 Answers/Comments

Charitable Tax Contributions

Daniel Cox
Title: Owner
Company: FallenValor
(Owner at FallenValor)
I am opening up a charity to help Fallen Military personal that have made a mistake in life and ended up with a felony. Would it be against ethics to solicit accountants to possibly sug...
121 Views | 1 Answers/Comments

CRM / Workflow software Seeking Feedback

Jake Buto
Title: Product Manager
Company: Rapidly
(Product Manager at Rapidly)
Hello, *I apologize if this is against forums rules, I have nothing to sell just looking to gather feedback* I am with an early stage software startup that is interested in buildi...
153 Views | 4 Answers/Comments

Allocating fixed costs when unsure about how much product will be sold

I’m an intern at a small publishing company, and I’ve been tasked with finding out the cost of each product to ultimately create a costing model and to calculate profitability of ea...
5322 Views | 3 Answers/Comments

Pursuing continuing professional education (CPE) opportunities during work hours?

(HR manager)
1.Does your employer let you earn CPE hours during work hours? 2. Does your employer reimburse you for your CPE expenses and if so up to what rate a year? Thanks!
112 Views | 2 Answers/Comments

Absorption Accounting - interim period reporting

I work in the USA for a manufacturing subsidiary of a company based internationally(IFRS) and there seems to be some disagreement about the interim period reporting for our absorption a...
101 Views | 0 Answers/Comments

What are the success fee's broker-dealers charge? 2020

Hello! Could someone please tell me. What are typical success fee's broker-dealers charge when raising capital for a fund? ex: equity, real estate, private placement, etc. Appr...
116 Views | 0 Answers/Comments

Oanda rate issues

(Global Accounting Manager)
Hi all, We currenlty use Oanda, FX currency converter API for our month end close. We are running into some issues with the rates provided by Oanda. The rates provided for a few cur...
135 Views | 0 Answers/Comments

Non-Profit Audits

Brenda Sikkema
Title: Director of Finance
Company: Skybeck Construction
(Director of Finance at Skybeck Construction)
My boss is a chairman of a non-profit here in Austin, TX. It's called EO Austin, and it's a membership organization for entrepreneurs. He is wondering if the financials need to be aud...
118 Views | 0 Answers/Comments

What HR System Does Your Company Use?

(Accounting Manager)
Along with that question, what size is your company? Have you changed HR software as your organization has grown? If so, what benchmark did you use to know the time to change was com...
72321 Views | 8 Answers/Comments

Form 941 Employee Retention Credit

Howard Smolin
Title: Accountant
Company: HJS & ASSOC
(Accountant at HJS & ASSOC)
Revised form 941-Employee Retention Credit My client has a restaurant/Deli which operated during Q3 2020 under a 50% occupancy order mandated by the State Government. Does this qualify...
95 Views | 0 Answers/Comments

Revenue Recognition on Customer invoice disputes

Hello, I was wondering if I can seek some guidance from more experienced accountant here. So We have calculated that our revenue for Sept is around 500k. However, on 10/14, a custom...
221 Views | 1 Answers/Comments

Selling bulk spare parts inventory and buying it back after three years

Aftab Ali
Title: Manager Finance
Company: Confidential
(Manager Finance at Confidential)
I have a scenario in which the company A is selling its spare parts inventory on the value that is in the books to company B. Company B will maintain the inventory and after 5 year Comp...
107 Views | 0 Answers/Comments

1120F filing

I have a client who is converting his LLC in to a C Corp by checking the box for tax purposes only. New share holders will be foreign corporation . If the company does not have any divi...
94 Views | 0 Answers/Comments

Allowance for doubtful / bad debt expense / ytd writeoffs

fpa girl
Title: analyst
Company: cva
(analyst at cva)
On my company's income statement I see this (I am making up numbers): bad debt expense is $900 out of which $600 is due to covid impact. YTD writeoffs is $150. Provision YTD on...
123 Views | 0 Answers/Comments

Accounting entries for free labor for a customer

(Owner/Small Business Accountant)
One of my clients is providing a small amount of free labor for one of their customers. They are recording a liability for the portion of the labor promised, but not yet delivered to th...
128 Views | 1 Answers/Comments

Need some help with accounting work

jake lenshaw
Title: Manager
Company: N/A
(Manager at N/A)
hey guys i'm looking for the best way to handle some more complex account tasks that are not my specialty. Can anyone recommend a good solution. I was looking into theaccountinganalyst....
202 Views | 2 Answers/Comments

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