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Q&A Forum

Food Processing

Ravi Ramcharan
Title: CFO
Company: self
(CFO at self)
Hello All, This is my first post here and I must say this is a wonderful and very knowledgeable community! One of my clients buys raw fish and he then prepares fillets. This is do...
80 Views | 3 Answers/Comments

Debt Collection

We had a sales employee on their own accord, threaten one of our customers that we'd send their debt to a collections agency in the next 7 days, when currently we don't have any intenti...
51 Views | 0 Answers/Comments

1099 Software

Title: accounting manager
Company: SaaS
(accounting manager at SaaS)
Looking for recommendations of 1099 software with e-file option. Thanks!
46 Views | 0 Answers/Comments

1099s for SAAS?

(Strategic program manager)
the 1099 instructions do not specifically address software. however, we purchase software from a vendor who is an LLC. should we send a 1099-misc for this?
773 Views | 0 Answers/Comments

Accounting for joint development agreements

(Director of Finance)
Our startup entered into a joint development agreement with a large company. The company will pay milestone payments to cover a portion of our R&D expenses. The R&D costs associated wit...
41 Views | 0 Answers/Comments

Setting the right OKR for cashflow management and breakeven

(Finance Manager)
What key OKR can one set for a finance department looking at the company goals to achieve cash flow and breakeven
605 Views | 0 Answers/Comments

Should freight-out be considered COGS or Selling Expense?

(Accounting Manager)
Our manufacturing company pays freight-out to logistics providers to ship products from our warehouses to customers. We do not charge freight-out in our customer invoices. From what ...
260 Views | 4 Answers/Comments

Marketing Campaigns that include some revenue

(V Finance)
Our company will engage in marketing campaigns that may include the sale of our product, the product could be a co-branded product or our regular product sold at a deep discount. The i...
29 Views | 0 Answers/Comments

Can I ignore 1099s for non-U.S. residents/entities?

Michael Scherbourg
Title: CFO
Company: Miklan Manufacturing
(CFO at Miklan Manufacturing)
Can I ignore 1099s for non-U.S. residents/entities? We have brought on some service providers in India and the UK this past year. ...
51980 Views | 9 Answers/Comments

Please Help Me Calculate PTO for Employees Who Start Midway Through the Accrual Period

Ted Emens
Title: Occupational H&S Coordinator
Company: Snyder Livestock Company, Inc.
(Occupational H&S Coordinator at Snyder Livestock Company, Inc.)
Please help me understand how to accurately calculate PTO for the following scenario: An employee is eligible for: 32 hrs PTO after the 1st year of service 64 hrs of PTO after the ...
29 Views | 0 Answers/Comments

Consolidating financial statement

Leo Wang
Title: Accountant
Company: ICZoom Inc.
(Accountant at ICZoom Inc.)
Hi, Our structure is with a Cayman Island holding company as the parent company. Under it, there are three 100%-owned companies. When I do consolidated financial statement, do I simp...
60 Views | 2 Answers/Comments

What's the difference between PEO ad employer of record?

Pablo Gomez
Title: Marketing assistant
Company: NNROad
(Marketing assistant at NNROad)
4272 Views | 0 Answers/Comments

Upgrade from Concur Standard to Concur Professional Version

Has anyone had the experience of upgrading from Concur Standard to Concur Professional Version? I am particularly interested in: 1. time and effort in upgrading? 2. benefits on Concu...
42 Views | 0 Answers/Comments

Money Trail

Zulfiqar Ali
Title: Assistant Manager Receivables
Company: General Group
(Assistant Manager Receivables at General Group)
Need help from experts, Can some one tell me how to construct a money trail? What documents I would be needing? If there are articles/books etc anything for reading material, kind...
40 Views | 0 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...
1992 Views | 1 Answers/Comments

What are your business health metrics?

Jason Mitchell
Title: Product Manager, Mobile
Company: Canopy
(Product Manager, Mobile at Canopy)
First post here... looking forward to getting some feedback from the community. We're working on identifying key business metrics that practices would want to keep an eye on regularly. ...
129 Views | 0 Answers/Comments

KPIs for the Accounting Department & Finance Department

scott graves
Title: CFO
Company: Armstrong Teasdale LLC
(CFO at Armstrong Teasdale LLC)
We are in the process of implementing Performance Boards in the Finance / Accounting department to document, track and drive performance.  Initially, we discussed tracking on a...
435138 Views | 42 Answers/Comments

Taxes for a drop-shipping business

Eddie Dorrel
Title: Dropshipping
Company: ED1
(Dropshipping at ED1)
Hello, I'm about to open an online drop shipping business, selling gardening products to US citizens. I am not an American myself, and have a registered business in my country. Som...
75 Views | 0 Answers/Comments

How do you calculate the ST vs. LT portion of deferred rent liability when the peak balance is more than one year away?

(Assistant Controller)
We are still under ASC 840 and need to finalize accounting treatment for a new 10 year lease. The peak liability is four years out so the liability is still increasing during the ST pe...
52 Views | 0 Answers/Comments

How can I record in QB the accounting for the following info ?

I have two corps A and B one year old. Because the start up expenses were incurred in A ( Corp B was registered later), the owner 100% shareholder of both, wants to convert the expense...
50 Views | 0 Answers/Comments

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