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Q&A Forum

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,...
3046 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.

(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...
3101 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...
3132 Views | 0 Answers/Comments

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

Scout Young
Title: CFO
Company: Private
(CFO at Private)
7074 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...
10636 Views | 2 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)
16511 Views | 10 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...
6708 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...
8666 Views | 4 Answers/Comments

International performance bond from a seller's perspective

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 ...
6037 Views | 1 Answers/Comments

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

6760 Views | 2 Answers/Comments

Positive Pay

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...
11068 Views | 3 Answers/Comments


(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&#...
7365 Views | 0 Answers/Comments

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

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...
1869 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 ...
1299 Views | 6 Answers/Comments

Cash Conversion Cycle Analysis DPO vs DSO vs DIO

(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...
3069 Views | 5 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 ...
1506 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...
1625 Views | 0 Answers/Comments

Benchmarks/options for Working Capital financing?

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...
1735 Views | 1 Answers/Comments

Can an incoming wire transfer be considered a deposit in transit?

A customer initiated a wire transfer on 12/30/11 but it did not post to our bank account until 1/03/12 (first banking day of 2012). Could this be considered constructive receipt and...
60174 Views | 16 Answers/Comments

Do you include Construction in progress when completing a currency reconciliation?

Example if you are a sterling functional currency organisation and you complete a euro currency reconciliation to identify your exposure, what accounts do you include? Would you include...
2226 Views | 1 Answers/Comments

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