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Q&A Forum

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...
931 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...
17344 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...
230 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...
253 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?
240 Views | 1 Answers/Comments

Should payroll be HR or finance?

Sheetal Kamble
Title: Software Analyst
Company: Technology Counter
(Software Analyst at Technology Counter)
252 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...
180 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...
252 Views | 1 Answers/Comments

What vendor payment software would you suggest for a small to medium company?

Jana Welsh
Title: Accounting Manager
Company: Elementum 3D, Inc.
(Accounting Manager at Elementum 3D, Inc.)
192 Views | 0 Answers/Comments

AP Bill.com

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

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

Anonymous
(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 ...
221 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 ...
184 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...
170 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...
213 Views | 4 Answers/Comments

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

Anonymous
(B)
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...
5586 Views | 3 Answers/Comments

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

Anonymous
(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!
156 Views | 2 Answers/Comments

Absorption Accounting - interim period reporting

Anonymous
(Accountant)
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...
145 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...
164 Views | 0 Answers/Comments

Oanda rate issues

Anonymous
(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...
190 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...
176 Views | 0 Answers/Comments

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