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Anonymous Member
Anonymous
(Freelancer) I'm not sure how to explain this, so I'll try my best. I'm self-employed. I do freelance work for a website. I don't know how to pay myself though. I mean I don't know how to make the journal entries for my accounting books. So far my books just look like a fancy checkbook...
Anonymous Member
Anonymous
(Manager of Accounting) We have an international subsidiary with a cost plus agreement. The subsidiary does not generate any revenue and is established only to handle the wages and employee benefits of our international employees in that country. We have a cost plus agreement between our US parent...
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V TEK
Title: International controller
Company: None
(International controller at None) Hi all How the capital movement should take place between branch and the parent entity? Here I am referring to best practices when it comes to excess cash blocked in the branch? Thanks
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Howard Smolin
Title: Accountant
Company: HJS & ASSOC
(Accountant at HJS & ASSOC) The home of a decedent became an asset of his estate upon his death. His three children are fiduciaries of the estate. If the estate sells the home, does the cost of the home receive a stepped up basis or is the original basis carried over to the estate when the estate was...
Anonymous Member
Anonymous
(Controller) I work for a US subsidiary (I'll call Inc) whose parent company was based in the Nordics (I'll call A/S) and filed for bankruptcy. A/S no longer exist and is now managed by a Trustee over there. Under the Inc's books, there is an intercompany balance owed that is now...
Sheetal Kamble
Title: Software Analyst
Company: Technology Counter
(Software Analyst at Technology Counter) Any recommendations on POS Software for Restaurant and Retail Market? Looking for easy front end, reliable back end,good price, Most important are performance, reliability, tech support.
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com) Is anyone using an alternative to Quickbooks? There are several (well more than several) direct competitors to QB. Anyone using one of them and why?
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A B
Title: Accountant
Company: ---
(Accountant at ---) I have been going rounds with this and need some help to make sure that my books are accurate. For simplicity's sake, my yearly property tax bill is 12k. Our state allows us to pay in 3 installments, which we do. This bill was entered as 3 separate invoices in Sage 300,...
Len Green
Title: Performance Improvement Consultant and E..
Company: Haygarth Consulting LLC
LinkedIn Profile
(Performance Improvement Consultant and E.. at Haygarth Consulting LLC) If you have experience or knowledge of software that can manage floor plan inventory for a multi location B2B retailer, please let me know. The business model is similar to an auto dealer (sales, service, parts, warranty) except that it is not autos, not consumer based. So...
Member's Profile
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, like an invoice, before the expense or asset is posted and a check goes out the door....
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Ron Rochester
Title: Account Manager
Company: R Rochester Business Services
(Account Manager at R Rochester Business Services) Can I purchase items into inventory and expense over time, when using a cash basis accounting system. We purchase larger than needed quantities to get bulk discount pricing. Do I have to expense at time of purchase, or can I expense as items are used? This is not a major...
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Mike Mc
Title: Consultant
Company: Consultant
(Consultant at Consultant) I am struggling with how to present the budget for my nonprofit employers. With respect to releasing restricted funds that were recorded as revenue in a previous year, for a project to be done next year. We use Quickbooks and are a bit constrained on how we can present. We...
Sima Singh
Title: Software Strategist & Digital Marketing ..
Company: Technology Counter
(Software Strategist & Digital Marketing .. at Technology Counter) What other online accounting systems are used besides the double entry bookkeeping system?
Sheetal Kamble
Title: Software Analyst
Company: Technology Counter
(Software Analyst at Technology Counter)
Anonymous Member
Anonymous
(Controller) Hi, hopefully it is a quick question. Our company just started to do revenue sharing with a customer, we are paying the customer 80% annual fee and 80% interchange fees based on the information that we have received. What is the proper way to book the payment to the...
Anonymous Member
Anonymous
(n/a) Hello all, I have a startup company that I am working through and I had a couple bookkeeping questions. It is a very small startup, $20K income/expenses per year. We buy materials and create products which we either sell or let another company rent them out. How would the...
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Jana Welsh
Title: Accounting Manager
Company: Elementum 3D, Inc.
(Accounting Manager at Elementum 3D, Inc.)
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Shannon Ortiz
Title: Accounts Payable
Company: Viacyte
(Accounts Payable at Viacyte) We have just implemented bill.com - previously, as AP, I always selected all invoices and cut checks to be signed. With bill.com, since you are assigning the Authorized Users for payments, how does your AP team select bills? Currently, my check signers are selecting the...
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Elena James
Title: Business Analyst
Company: https://ebetterbooks.com/
(Business Analyst at https://ebetterbooks.com/) What is the best accounting software that can help me to manage all my monthly transactions?
Anonymous Member
Anonymous
(Accounting Manager) One of our Independent Contractor sent us a W9 with a new EIN#. Should I process two 1099 forms this year, one with the old number and another with new number? or Should I issue their 2020 1099 using their new#?