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Q&A Forum

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

Anonymous
(CFO)
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...
2302 Views | 3 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...
2341 Views | 0 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)
21235 Views | 11 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,...
4546 Views | 2 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.

Anonymous
(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...
3898 Views | 1 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...
3727 Views | 0 Answers/Comments

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

Scout Young
Title: CFO
Company: Private
(CFO at Private)
7698 Views | 15 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...
12164 Views | 2 Answers/Comments

Banking And The Cannabis Industry

Anonymous
(CFO)
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...
7866 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...
9588 Views | 4 Answers/Comments

International performance bond from a seller's perspective

Anonymous
(CFO)
The U.S. company I work for deals extensively with international customers. Many contracts require us to post a performance bond against default (~10%) to ensure delivery of a product ...
6543 Views | 1 Answers/Comments

Has anyone had any experience as a CFO working for B2B CFO that they would be willing to share?

Anonymous
(CFO)
7165 Views | 2 Answers/Comments

Positive Pay

Anonymous
(Advisor)
I've recently joined a company as CFO (having been venturing in other areas for awhile) and have been asked to look into a Positive Pay situation which is apparently a more recent a...
11130 Views | 3 Answers/Comments

CMA USA or CFA

Anonymous
(business banking)
I'd like some advice. I currently work in banking MNC in India, specifically business banking (small and medium enterprises). I would like to go into corporate banking, but I wasn&#...
7432 Views | 0 Answers/Comments

Who typically leads working capital initiatives in larger companies? Accounting,Treasury, or individual departments (AR, AP, inventory replinishment)?

Anonymous
(__)
I'll define "larger" as being over $500 million in revenue. So who leads and coordinates goals in working capital?: 1. The controller/accounting area; or 2. Treasury/Finan...
1956 Views | 3 Answers/Comments

ACH Authorizations

Ken Stumder
Title: Finance Director / Controller
Company: Ken Stumder, CPA
(Finance Director / Controller at Ken Stumder, CPA)
Do any of you use standing ACH Authorizations to help secure your bank accounts? Do you find it problematic or beneficial overall? One of the steps to getting this set up is to provide ...
1387 Views | 6 Answers/Comments

Cash Conversion Cycle Analysis DPO vs DSO vs DIO

Anonymous
(Finance Director / Controller)
Working on some cash conversion analyses for our board and management and the methods one can use to calc DSO/DIO/DPO are varied. I have seen DPO calcs done using purchasing while other...
3396 Views | 5 Answers/Comments

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

Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com)
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 ...
1582 Views | 1 Answers/Comments

FATCA: Why Your Bank Is Asking for More of Your Information

john Olson
Title: Senior Associate, Marketing Programs and..
Company: Radius | Global Growth Experts
(Senior Associate, Marketing Programs and.. at Radius | Global Growth Experts)
Why does your bank suddenly want more of your information? One word: FATCA. The Foreign Account Tax Compliance Act, FATCA’s full title, is a system of information excha...
1681 Views | 0 Answers/Comments

Benchmarks/options for Working Capital financing?

Anonymous
(CFO)
We are a $15mm - $25mm revenue technology and services company looking to spend ahead of new sales. We have an offer for a $2m working capital line based on our A/R. We probably need ab...
1790 Views | 1 Answers/Comments

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