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All Corporate Finance, Accounting & Other Topics On Proformative

Jyoti Prakash
Title: sr exective
Company: Stellar Data Recovery
(sr exective at Stellar Data Recovery) Any tool, application, or software that is running on Microsoft Windows can encounter problems and the QuickBooks is no exception. For working properly, different components of QuickBooks depend upon Windows Operating System, wherein it is installed. Therefore, if something...
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Steve Harris
Title: President
Company: The People Advantage
(President at The People Advantage) Does anyone have a recommendation for a program (or other methods for that matter) for training an experienced business professional who is moving into a controller role as their first finance position? Any suggestions would be appreciated. Thanks!
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Anonymous
(Research Analyst) Recently took a financial modeling test as part of an interview process. The test was a three statement financial model in Excel with certain cells left blank which had to be filled in with the proper formulas. One of them was a cell for "Net Receivables" on the balance...
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Andrew K
Title: Director of Tax and Accounting
Company: Silver Leaf
(Director of Tax and Accounting at Silver Leaf) I had someone approach my firm and ask to help them file past tax returns. This client has not filed since 2008, and it appears he may owe taxes between 2008-2012 (he withdrew early from an IRA to put funds into a dying side business). I've agreed to help him file these...
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Anonymous
(Tax Exexutive) We are in Hotel business located in India and a tax resident in India. Any service rendered to guests would be performed in India. One of the US company has agreed to hold conference in India with its Indian partners. As per contract they are supposed to make a deposit (as...
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Greeting, we are in fixed assets verification. we need to choose vendor for it, can anyone advice what shall be technical criteria in order to choose vendor. thanks in advance.
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Anonymous
(Lead strategist) So I have a few years business and personal of tax filings to catch up on. I just found out that interest paid on business purchases is deductible, even if you use a personal card. May issue is that I have been really bad about using one payment method. Is there a way...
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Anonymous
(Artist) Hello, I am an artist and own a small business where I am the only employee. I'm looking to purchase a truck or SUV to be used 100% for business. I will use it to deliver paintings, transport my booth and art to the art fairs and take it into the woods to get to areas i...
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Anonymous
(CFO) My company knows I'm planning on retiring in the near future, and they've indicated they want to go ahead and start looking for my replacement. They would like to find someone who would be willing to work directly under me (essentially shadowing me) for one to two...
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Oluwaseyi Adebowale
Title: Management Accountant
Company: Dastra Nigeria Enterprises
(Management Accountant at Dastra Nigeria Enterprises)
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Anonymous
(Payroll Manager) We switch payroll vendors and our old vendor reported the New hires to all the States automatically. The new payroll vendor does not have the feature. Whose responsibility is it? HR or Payroll?
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Anonymous
(Manager) I find out that it is confusing to calculate employees' paid time off expenses on 12/31 and 1/31 of each year. For example: On 12/31/2018, employee A used $100.00 vacation, had $100.00 unused vacation benefit remaining to be carried over to 2019. Employee A also used $50.00...
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Philip Eldred
Title: CEO
Company: Fairpoint Exchange
(CEO at Fairpoint Exchange) The law is clear that CBD (a cannabis derivative) is only federally legal to sell as an ingredient in an FDA approved medication, such as Epidiolex, which is currently the only approved drug containing CBD. Unless CBD is contained in an FDA approved medication it is...
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Anonymous
(Educator) I was asked to represent a company from abroad to collect balances owing to my own account and then remitting it to the company minus the commission. The company wants someone in N.America to handle their N.American clients. Personally, I don't want to use my own personal...
William Lieberman
Title: Founder & CEO
Company: The CEO's Right Hand
(Founder & CEO at The CEO's Right Hand) I have a client that raised $1MM in convertible notes at a $10MM cap with a 20% discount. They subsequently received their Series A investment of $10MM at a $40MM pre-money valuation at which time the convertibles converted into equity. The question is: what is the journal...
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Anonymous
(Accountant) We are a General Contractor with Multiple Divisions that perform work on our Construction jobs, such as the Electrical, etc. We treat them as a Profit Center so we can capture their revenue and costs and generate a P&L for their department. We are purchasing waste...
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Anonymous
(CFO) Hello, I am looking for suggestions on tax software for small businesses.  Specicially, i will be assisting a friend with the tax return for her bar/ restaurant.  The business is set up as an LLC taxed as a partnership with 2 partners - so i will need need the...
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Thomas LYNCH
Title: President
Company: CereTel Inc.
(President at CereTel Inc.) I am not an accountant but I have an accounting degree and am trying to clean up our books after our bookkeeper left. I am pretty familiar with QBO, at least on the day-to-day level. If I receive an invoice on, say May 5, that is for the period April 28 to May 4, and I...
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Anonymous
(manager) Hello, Currently we are trying out whether Tripactions.com (a corporate travel booking website) is a good option for employees to book travels and also integrate with our HR system (BambooHR) and expense rebimbursement system (Concur)? Greatly appreciate any feedback!
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Anonymous
(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 better interest rate?