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Q&A Forum

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...
181 Views | 0 Answers/Comments

Global Employee Leasing Via An International PEO

Event Questions
Title: Event Questions
Company: Proformative
(Event Questions at Proformative)
  "Would we need to set up a local legal entity to hire locally if we used an international professional employer organization (PEO)?" This question was asked at a ...
2449 Views | 2 Answers/Comments

What budgeting and forecasting is done in well-run small companies?

(Finance Manager)
What budgeting and forecasting is usually done in well-run but small ($4 Million revenue) B2B companies? We have a fairly diverse and complex set of offerings including sales of softwar...
9343 Views | 17 Answers/Comments

Is it recognised if an elected secretary with the authority to sign all contracts for the company to sign her own contract agreement that was verbally approved by the president?

Ted Faxon
Title: President
Company: East Coast Dredge Inc.
(President at East Coast Dredge Inc.)
279 Views | 1 Answers/Comments

Contract signing athority

Ted Faxon
Title: President
Company: East Coast Dredge Inc.
(President at East Coast Dredge Inc.)
Is it recognised if an elected secretary with the authority to sign all contracts for the company to sign her own contract agreement that was verbally approved by the president?
221 Views | 1 Answers/Comments

Pricing question - New contact manufacturing company creating a quote for brands?

Hello Experts, I am working with a contact manufacturing company that needs to create proposals for co-packing jobs. They know their direct costs (ingredients and labor), but the ove...
921 Views | 0 Answers/Comments

Can anyone recommend accounting system or billing software to automate the preparation of grant expenditure reports?

Title: president
Company: urban league
(president at urban league)
As a human services agency most of our revenues are derived from providing social services which we have to seek reimbursement from federal, state, and local government. All require ba...
224279 Views | 3 Answers/Comments

Guidance around travel budget

(Strategic program manager)
Helping the team prepare travel budgets for FY19. Wanted to see if anyone has any average trip costs for domestic / international travel that I could use. Thinking something like: Ai...
138121 Views | 1 Answers/Comments

Management accountant consulting

Michael Jian
Title: Country CFO
Company: Huawei Technologies Co.,Ltd
(Country CFO at Huawei Technologies Co.,Ltd)
CMA certification has been getting more popular in China. Some say management accountant consulting would be promising. However, it seems to me that rare consultants engage their jobs a...
141748 Views | 1 Answers/Comments

What are the other qualifications can be studied after CMA

Vinoth Sairam
Title: Business advisor
Company: Shell
(Business advisor at Shell)
I would like to need your suggestion and advice... I have completed my CMA during 2015... But I would like to upgrade my skills and develop some knowledge which would be helpful for my ...
186035 Views | 2 Answers/Comments

For small business, which accounting program would work best, Quickbooks vs. Sage 50

Raul Valles
Title: Accountant
Company: Raul Valles & Associates
(Accountant at Raul Valles & Associates)
88008 Views | 6 Answers/Comments

How do I record the cumulative translation adjustment when consolidating a foreign subsidiary after translating their FS into the reporting currency?

Stephen Helfrich
Title: CFO/Consultant
Company: In Transition/Consulting/Interim CFO
(CFO/Consultant at In Transition/Consulting/Interim CFO)
I recently started working for a company that has a Mexican Mequilladora operation and they have not been correctly implementing FAS 52 as it applies to financial statement translation,...
246595 Views | 20 Answers/Comments

Unclaimed funds recovery agencies: Are they trustful?

We are receiving calls from several agencies that say they have located a dormant/unclaimed cash asset held in our name and can help us to recover it. And they require to sign an agr...
104819 Views | 7 Answers/Comments

Three Types of Common Stock Transactions That May Affect Your IRC §409A Valuation

Jim Timmins
Title: Managing Director
Company: Teknos Associates
(Managing Director at Teknos Associates)
In the past, common stockholders had to wait for a company to complete an IPO or to be acquired in order to sell their shares.  But with the reduction in the number of IPOs and M...
7860 Views | 0 Answers/Comments

Who maintains your company's website?

Ryan Miller
Title: CEO
Company: Miller Manufacturing
(CEO at Miller Manufacturing)

Do you have an in-house person manage/maintain the website? Or do you outsource to a contractor?

76598 Views | 3 Answers/Comments

How to Set SMART Goals, Targets/Objectives for Accounting Department?

Andy Tan
Title: Supervisor
Company: AVS System Networks
(Supervisor at AVS System Networks)
In the company we are working now, it's required that Manager of each department has to set up annual targets/objectives for the department. It's quite easy for Sales or Product...
458437 Views | 20 Answers/Comments

Why do businesses reimburse for travel meals?

Richie Wohlers
Title: Controller
Company: Vision Mechanical Services
(Controller at Vision Mechanical Services)
A question I've often wondered, but never asked: why are businesses expected to pay for meals when employees travel? What is the logic involved? If I work from the office, I am eith...
85406 Views | 18 Answers/Comments

Quickbooks cash reporting

(Strategic program manager)
Could anyone recommend a good way to do cash reporting out of Quickbooks by department and class?
44588 Views | 0 Answers/Comments

Need expertise - Looking to Form an LLC in New Mexico and Foreign LLC in Ohio - Getting mixed answers from local accountants

I am looking to do a startup for a new LLC for a services business with most of the revenue earned via my website that is still under development. I reside in Ohio and will have a home...
68174 Views | 4 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...
551074 Views | 42 Answers/Comments

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