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Q&A Forum

Cash management for FDIC security over short term cash spikes

I work for a general contractor who receives large payments from clients each month, but then pays much of that out to subcontractors. So, for a few days to a week or so, we have a low...
6954 Views | 5 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...
17342 Views | 3 Answers/Comments

Bitcoin transaction reporting

Annette Nellen
Title: Professor
Company: San Jose State University
(Professor at San Jose State University)
  A growing number of individuals and businesses own bitcoin or use it for transactions (perhaps with a third party actually handling the bitcoin to cash exchange).  So...
16514 Views | 6 Answers/Comments

Currency policy

Pragna Patel
Title: Mgr, Compliance & Controls
Company: Masonite International
(Mgr, Compliance & Controls at Masonite International)

Does anybody have a policy on currency management to mitigate fx fluctuations?

14445 Views | 14 Answers/Comments

What POS system is best for a small retailer?

Jason Rollins
Title: VP Finance
Company: Virginia Clothing Company
(VP Finance at Virginia Clothing Company)
59874 Views | 13 Answers/Comments

What statistical forecasting tools, models & techniques would you suggest to forecast secured cash flow

Hewitt Hsiao
Title: Product Manager
Company: Y&S Ventures
(Product Manager at Y&S Ventures)
I work in an online gambling company. In this industry, paying money to your customers in time is the most important thing, so our company needs to reserved lots of cash to run daily bu...
26516 Views | 3 Answers/Comments

I want to deploy a PO process for internal expenses. My boss is reluctant indicating the company owners will not comply with the process.

(Business Operations Analyst)
I'm trying to reduce the time I have to spend tracking down executives for approval on expenses that I am not aware of. I don't believe there should be a threshold for these costs. I...
14465 Views | 2 Answers/Comments

Am I required to provide copies of canceled checks?

Richie Wohlers
Title: Controller
Company: Vision Mechanical Services
(Controller at Vision Mechanical Services)
I have a contractor who is demanding I provide copies of dozens of canceled checks from 3+ years ago. The bank is going to charge me $7.50 per check. The contractor is trying to pla...
13648 Views | 1 Answers/Comments

What are some creative ways to make up for money lost from vendors lowering or eliminating early pay discounts?

Our vendors are really getting stingy with the terms they're offering us for paying them early. Typically we get a 2% discount if we pay X days prior to the date payment is due. We ha...
12569 Views | 4 Answers/Comments

Financial Risk Management as a Source of Competitive Advantage

Alexander Haigh
Title: Treasury Consultant
Company: Validus Risk Management Ltd.
(Treasury Consultant at Validus Risk Management Ltd.)
  The traditional view of financial risk management, especially in non-financial businesses, is that it is a necessary but non-core activity, playing a supporting role to the &lsq...
14311 Views | 2 Answers/Comments

Deposits at other institutions

(Financial Analyst)
Dumb question I’m sorry but I’m new to my job and trying to learn everything I can. Why might a bank put their money into a different financial institution? I’m assuming for a bet...
6759 Views | 3 Answers/Comments

Tracking various colors of money

Theodore Pepin
Title: OTD
Company: USG
(OTD at USG)
Okay, I am going to try to describe my problem as best I can. So I have money coming in from different organizations, and each check that they cut carries a 'code' of sorts that rest...
10159 Views | 2 Answers/Comments

PayPal Isn’t a Bank, But It May Be the New Face of Banking

Wayne Spivak
Title: President & CFO
LinkedIn Profile
(President & CFO at
According to a WSJ article: "By some measures, PayPal Holdings Inc. holds more customer money than all but 20 U.S. banks. What does that say about the future of banking? At the ...
9520 Views | 2 Answers/Comments

cumulative translation adjustment (CTA) as double entry

Felipe Agustoni
Title: None
Company: None
(None at None)
After consolidating the balance sheet of a multinational operations company, the different exchange rates applied for translating to the presentation currency (Current rate method) in t...
12087 Views | 3 Answers/Comments

Can somebody recommend a credit card processor company that provide inmates with debit cards upon release from custody

(Buyer III)
Currently my company uses Vantiv. However, the problem we are having is Vantiv is part of a 5/3 bank and can only establish one card per SSN. So if someone is released multiple times, t...
6796 Views | 0 Answers/Comments

How Do I Recover My Money?

mandi r
Title: owner
Company: Keep it Clean
(owner at Keep it Clean)
I have a commercial cleaning company and I've noticed that my number of delinquent accounts is getting larger and I don't have the time to follow-up on them. When I have tried calling,...
10305 Views | 2 Answers/Comments

Operating capital effect on cash reserves

Oliver Booker
Title: CEO
Company: Advantage Behavioral Health Systems
(CEO at Advantage Behavioral Health Systems)
My company is a NFP, 420-FTE, $29M, 10-county, publicly funded community behavioral health provider system. We provide many programs to ensure a complete continuum of care for the ment...
7968 Views | 0 Answers/Comments

What are the most unexpected areas of overspending for your business?

Scout Young
Title: CFO
Company: Private
(CFO at Private)
12745 Views | 15 Answers/Comments

Banking And The Cannabis Industry

I have a client who is selling child-proof packaging to the medicinal marijuana industry. They have had a couple of banking relationships, both of which started out fine, but later the...
13735 Views | 0 Answers/Comments

Intercompany Loans between U.S. entities

Anon Anon
Title: Trsry
Company: Anon
(Trsry at Anon)
What are the rules regarding intercompany loans between U.S. entities (U.S. parent to U.S. sub)? I want to set up physical cash pooling in the U.S. between U.S. entities and am thinking...
14973 Views | 4 Answers/Comments

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