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Q&A Forum

What is your opinion ? have you see something similar before ?

(Sales Manager)
My Company is a ICT system Integrator and I am the sales manager. the Management wants to change the sales plan from Commission based on Turn over Numbers (Taking into consideration th...
30 Views | 0 Answers/Comments

Changing structure of our finance office

The company I work for owns multiple businesses located across the province. In 2012 we transitioned from separate bookkeepers in each location to centralized accounting. We employ 4 bo...
6186 Views | 15 Answers/Comments

Consolidated Financial Statements and QuickBooks

Any time-saving tips for simplifying the consolidated financial statements reporting process? In terms of just the software piece of it, I feel like we’ve outgrown QuickBooks....
56147 Views | 29 Answers/Comments

Can anyone kindly shed some light on how to calculate PV of payments for a lease (under new guidance (ASC 842)), if the payment varies depending on usage?

Hi All, I am working on a paper regarding the new lease accounting standard and would appreciate any insights on how to do the calculations to record operating leases in the B/S. As an ...
40 Views | 0 Answers/Comments

Career planning. Need advice!

(Audit associate)
Hello all, I am currently a student finishing up a dual bachelor's and master's degree in accounting at a large and well regarded public university. Like most of the kids in my progr...
43 Views | 0 Answers/Comments


Audrey Johnson
Title: Training
Company: Company
(Training at Company)
So I'm on an accounting course and I would be grateful if you could answer me this questions 1. Each entry in the journal can't have more that one operation or transaction. That i...
39 Views | 0 Answers/Comments

Applying Value to Discounted Items

(Director of Finance)
My company offers various promotions to new members. Most of them are of the buy one, get one free nature. The items are substantially the same. In those cases, we divide the considerat...
69 Views | 1 Answers/Comments

Which software is best for Detailed Stock Management?

Div Jangid
Title: Business Consultant
Company: HyperDrive
(Business Consultant at HyperDrive)
I am using billing software and now I need stock management software to handle my growing business.
81 Views | 4 Answers/Comments

Franchise Fee on Balance Sheet

My client purchased an existing Franchise business (insurance) from another franchisee. The purchase cost was a lumpsum of $200,000. This included all FFE and the book of business (Goo...
43 Views | 0 Answers/Comments

What features do you wish your accounting software had?

(Director of Product, Partner Operations)
I'm looking for people to share their experiences with systems like Drake, ProSeries, Prosystem fx, Lacerte, etc. I have seen smaller threads for some products, but I'm looking at this...
57 Views | 2 Answers/Comments

Capitalization of Training Video

(Assistant Corporate Controller)
Hi, My company recently hired a company to film a new hire training video. We incurred the film fees as well as travel, propping, warbrode, etc. The travel was incurred by our employ...
59 Views | 2 Answers/Comments

How can a nonprofit maintain net assets if depreciation expense is 25% of overall budget?

My nonprofit went into real estate by purchasing a building that dwarfs the core c3 on the balance sheet. So depreciation/amortization expense is killing me. It seems like the only wa...
63 Views | 1 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...
52 Views | 0 Answers/Comments

Should a company record commission expenses paid to a 3rd party (for a sales lead that leads to revenue) as COGS or as a net (contra expense) in revenue?

77 Views | 1 Answers/Comments

How should a company value inventory that is made up of used product? For example if a customer wants a new computer and pays a company 500 dollars and also trades in their old computer. How does the company that received the trade in cost it in inventory

(Accounting manager)
30 Views | 0 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...
207956 Views | 21 Answers/Comments

Hiring Outside Payroll Provider

(Senior Controller)
Hi Everyone, I wonder how you would handle this situation? I am a controller directly overseeing 6 staff in the accounting department. 4 clerks and 2 senior accountants. I have been w...
39 Views | 0 Answers/Comments

Can I defer taxes this way?

(Director of Finance and Accounting)
Hello everyone, I was just recently hired at a real estate development company to clean up their accounting. They have had a bad history with the accounting and finance department an...
1062 Views | 1 Answers/Comments

Accounts Payable Automation Process

Bryan Fritz
Title: Taoist Finance Officer
Company: Business Consultant
LinkedIn Profile
(Taoist Finance Officer at Business Consultant)
Has anyone recently implemented an accounts payable automation system at their company? Did it go smoothly, what software/company did you engage and are you happy with what you have? An...
21361 Views | 12 Answers/Comments

Help with journal entries for Accounts Receivables

How would you preform the journal entries for a client that is disputing claiming a shortage, but are deducting that from their payment to us that is an accounts receivable. I am counte...
90 Views | 3 Answers/Comments

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