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All Corporate Finance, Accounting & Other Topics On Proformative

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D M
Title: accounting manager
Company: SaaS
(accounting manager at SaaS) I recently joined a SaaS company, and have done tons of research on economic nexus and software taxability matrix. Some states have clear definition of saas, some not. Some identify it as a "canned software delivered on tangible media", some - as a "custom software...
Anonymous Member
Anonymous
(CFO) What are some of the best questions to ask when you are interviewing potential accountants? Thanks!
Member's Profile
Anonymous Person
Title: Finance Business PArtner
Company: Public Sector
(Finance Business PArtner at Public Sector) Last financial year, we recorded costs as an expense for the creation of some Assets. These should have been recorded as capital costs as opposed to revenue. My understanding is that, we can: Cr Retained Earnings & Dr Asset - for Tangible Assets I have been advised...
Anonymous Member
Anonymous
(Accounting manager) How would you book the interest charged by a supplier because you paid an invoice late? Would it be a non operating interest expense or in some operating expense account?
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Melissa Rice
Title: Controller
Company: OPRS Services
(Controller at OPRS Services) I work for a private company which is having investors come in mid-month, however, the investment is really in the company that owns my company. For this reason, they want to keep track of everything at of the day of purchase and then close the month as usual. I wanted to...
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Flupsie Smith
Title: Accountant
Company: CM
(Accountant at CM) Say the average cost per technician is say R 100 and the labour GP is 60%, would it be correct in calculating the min labour rate as 100/(1-0.60) ?
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Flupsie Smith
Title: Accountant
Company: CM
(Accountant at CM) The Fixed Costs is R 525,000 , The GP % is 60% . The Labour Sales breakeven has been calculated to be R 825,000. The Available hours is 9 hours per day, but with lunch and tea breaks etc the max hrs available to work on a job is 8 hours. The number of technicians is 5 I...
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Member's Profile
Javier Piles
Title: Consultant
Company: FPSD
(Consultant at FPSD) Hi Everyone, when starting a fish farm from Zero, and purchasing the juveniles, let's say month 3, should I account as a gain arising from changes in fair value of biological assets, the total value of the juvenile + the feed consumed that month+direct costs? If I do that,...
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Paul Natusch
Title: Engineer
Company: None
(Engineer at None) I’ve been studying Lowes 2005 financial statements for several weeks, one of the issues that I can’t understand is: 1. Note 7 states: after discounts and expenses that $987 million was received from the issuance of new debt. 2. The statement of cash flows states that $1013...
Member's Profile
Jalmad Merbs
Title: Managing Partner
Company: Kazmo
(Managing Partner at Kazmo) Hello everyone! We are a Hong Kong based & registered company. We provide furnishing services to Asia based investors, investing in real estate in England. As such, we buy our goods from a UK based supplier, who will then take care of installing this furniture in these...
Anonymous Member
Anonymous
(Financial Accountant) Dear Members, I would really appreciate if you could help me with one question. I work in a real estate company which sells villas. The functional currency is Albanian Lek (AL), but we sell villas in Euros and so are the most of costs (cost of villas). We apply IFRSs for...
Anonymous Member
Anonymous
(Website manager) I work for the family business and I wear a lot of hats but don’t have a set job title. Some of my duties are -Managing 4 websites -Creating and sending out email blasts -Excel expert -updating product pricing -Researching, implement, Training on new tech -Facility...
Anonymous Member
Anonymous
(Dir. of Corporate Accounting) 2 relatively similar methods to withhold Federal & State taxes on the vesting & delivery of Restricted Stock Units (RSUs) are Net Issuance & Sell-to-Cover Based on the following assumptions:  100 shares vested & delivered; the fair market value on the...
Member's Profile
Russell Beyer
Title: Market Research Manager
Company: EWS
(Market Research Manager at EWS) Whilst I think my current receipt filing method is the best, I feel like I am on the verge of discovering an OCR software that may make this process even easier. I have been renaming receipt files manually for 2 years. Receipt file name example: [Date]_ [Amount]_ [Country-...
Anonymous Member
Anonymous
(Auditor) Is anyone else, like myself, identify frustration and burden of searching for training courses on individual sites. All the training providers seem to imitate themselves and hard to navigate for the right content. Not sure if this experience by all but finding the right...
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Bobby Handa
Title: IT Procurement Administrator
Company: Adelphi University
(IT Procurement Administrator at Adelphi University) Hello, I renew many software license agreements during the fiscal year. These agreements are due for renewal at various time of the year and most are 12 month renewals. In case it matters, this is for a non-profit University. We recently found out that Accounting has been...
Anonymous Member
Anonymous
(Accountant) A past employee is repaying wages that the employer overpaid over multiple years. The repayment is occurring over a 4 year period. I know the total amount they are going to repay. How is this situation accounted for in the general ledger? I am thinking a receivable has...
Member's Profile
D F
Title: Banquet chef
Company: OHC
(Banquet chef at OHC) So I’ve been in the cooking industry for almost 10 years now I’ve finally decided it’s time for a change. I’m 22 and I feel like I’m still young enough to switch careers without having huge amount of responsibilities. What brings me here is because I’m interested in working...
Anonymous Member
Anonymous
(Founder) What's your opinion on the large national outsourced CFO companies like Patina, Tatum/Randstad, Hardesty, B2BCFO, etc.? Good and bad from reputation to rates paid and everything in between. which one would you join (assuming you had the proper due diligence). Thank you.