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Q&A Forum

Freelance Accounting or going out on your own?

Marina Kovalev, CPA
Title: Owner CPA
Company: Accounting firm owner
(Owner CPA at Accounting firm owner)
I’m launching a blog/ YouTube channel in 3 weeks that will have various topics for accountants about how to start your own accounting business. It will cover things like software, wha...
27 Views | 1 Answers/Comments

Advice & Guidance on starting own practice

Jm C
Title: NA
Company: NA
(NA at NA)
I am a California CPA (inactive) considering starting my own practice. My background is Big 6 audit experience (lol dating myself there, aren’t I?), and several years of industry ...
54 Views | 2 Answers/Comments

From Single Entry System to Double Entry System

Patrick Ugbechie
Title: Accountant
Company: D.Whyte Services Ltd
(Accountant at D.Whyte Services Ltd)
Hello, Right now I am in a hot seat. I got this new job in a Marine Logistics Company. Since 2010, the company have been practicing single entry system using excel as a software. Now...
37 Views | 1 Answers/Comments

In-Person Training/Classes

(Internal Audit Manager)
Hello, I want to set up some trainings for the accounting department I work in. The CFO and myself are the only two CPA's, so we want to put on basic accounting classes for the group...
72 Views | 5 Answers/Comments

Innovating the Close

Jeremy Slaughter
Title: VP, Corporate Finance
Company: The CORE Group, Inc.
LinkedIn Profile
(VP, Corporate Finance at The CORE Group, Inc.)
Our team has been on an a journey of innovation. We are closing regularly and consistently to an Excel closing checklist, but I suspect there is room for additional improvement. Most of...
24 Views | 0 Answers/Comments

No cost extension contract

(Strategic program manager)
Hi, My company does a lot of work with universities and research institutions. I am helping out with the accounting for this. As an example, we have a contract for $120K for a 12 mont...
43 Views | 0 Answers/Comments

CPA List?

I see all the lists of CPA's divided by state, but it is hard to tell which certifications are the most recent. Is there a way to get a list of all the CPA's who have passed the last CP...
49 Views | 0 Answers/Comments

How do I record invoices from last fiscal year?

(Director of Finance)
I just received some bills this current fiscal year that were from an event last fiscal year. I do not want to restate my prior financials. Can I just set up an account titled prior p...
116 Views | 1 Answers/Comments

Who gets the cash discount?

Dave Hartung
Title: Engineer
Company: Will tell you later
(Engineer at Will tell you later)
I'm an engineer but I'm getting my MBA so I've started sticking my head in places it doesn't belong. I have a question regarding cash discounts. Say I buy something for $1000, I rece...
53 Views | 1 Answers/Comments

IRR and Effective Interest Rate

Qasim Dosani
Title: Assurance Supervisor
Company: PricewaterhouseCoopers (PwC)
(Assurance Supervisor at PricewaterhouseCoopers (PwC))
Can you specify the differences between "Internal Rate of Return" and "Effective Interest Rate"?
41 Views | 0 Answers/Comments

How to record an expense from a prior period?

(Director of Finance)
I just found out about some expenses that were really for last fiscal year and I do not want to adjust my last fiscal year books so what is the best way to account for these expenses in...
85 Views | 3 Answers/Comments

How to account for the various expenses of an event?

By hosting an event, it may involves transportation cost, accommodation cost, advertising cost and so on. How do you account for these expenses? Need to put into different accounts or j...
133 Views | 3 Answers/Comments

Distributing Yearly Differences

I have this problem where at the end of the year I need to distribute sales differences over the four quarters. However, I do not want to distribute it evenly. If I distribute it based ...
35 Views | 0 Answers/Comments

VBA Excel in Accounting

Samuel Achonu
Title: Accountant
Company: B.Braun
(Accountant at B.Braun)
I would like to know how effective is VBA Excel for entry-level accounting? Whether it is worth learning VBA or not ?
82 Views | 2 Answers/Comments

Entry-level Accounting

Samuel Achonu
Title: Accountant
Company: B.Braun
(Accountant at B.Braun)
I am new in accounting and I am looking to grow into accounting. I am still looking for entry-level accounting jobs but I do not have a background in accounting. How do I get started? ...
45 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...
222 Views | 2 Answers/Comments

Vehicle Loan on employee's credit

There is a company vehicle that was financed on the Fleet Manager's personal credit. I'm not clear if it was his personal vehicle prior to being put in the fleet or not. The company a...
53 Views | 2 Answers/Comments

In dire need of good consolidation software for small but relatively complex RE Invest Group

(Senior Financial Analyst)
Hello all, I recently started at a small REIG (just under $2B AUM) that has over 50 income generating properties, operational companies, and stakes in startups/small businesses. Prev...
135 Views | 1 Answers/Comments

Direct experience with Tagetik?

Keith Perry
Title: Director of Global Accounting
Company: Agrinos, Inc.
(Director of Global Accounting at Agrinos, Inc.)
We are looking at getting a "consolidations tool". We've got 18 companies in 12 currencies, all on different systems. Eventually, full ERP may be the answer, but we need an effective,...
38 Views | 0 Answers/Comments

FP&A or Controller path? - Advice Appreciated

(Accounting Specialist)
Hi all, I'd appreciate any advice on where to go next in my career. - I worked in public accounting (Big 4) for 4.5 years - Transitioned to large public company $300 Billion in Inter...
70 Views | 0 Answers/Comments

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