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All Corporate Finance, Accounting & Other Topics On Proformative

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Abu Ahmed Khalil
Title: Network Technology Project Manager
Company: MTNY
(Network Technology Project Manager at MTNY) I promoted to be as Maintenance Senior Manager in Mobile Operators, what activities that should i did before contacting this new job. Mean, what should i request from old Maintenance Senior Manager as a handover. Also, as I knew there are a lot of problems in this new...
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Mohsin Gilani
Title: Accountant
Company: EIG
(Accountant at EIG) Do anyone know any free Reconciliation Software ?
Member's Profile
Ezra Jigling
Title: Self
Company: Non one
(Self at Non one) Hello everybody! I need advice. Me and my wife moved from California to Las Vegas this year, Mars 2018. I working under 1099 as service technician. After my calculations I suppose to pay around $4500 to IRS next year. Recently I went to local accounting company, the...
Anonymous Member
Anonymous
(Controller) We received notice that our local electric company had been over charging us for years so we have been issued a 20K credit to our account. I am a little puzzled about the best way to handle this transaction: - I am inclined to book the entire credit to the expense account...
Anonymous Member
Anonymous
(Accounting) Being in a manufacturing industry for almost 20 years, our company has maintained a strong good working relationship with our customers, whether locally and abroad. We have protected and maintained our branding and our old customers still being patronized. But due to a lot...
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...
Anonymous Member
Anonymous
(Managing Consultant) We are working on an engagement in the medical device sector (orthopedics) and need of a standard chart of accounts for this industry with light manufacturing in house in order to benchmark. Any and all guidance would be appreciated.
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scott graves
Title: CFO
Company: Armstrong Teasdale LLC
(CFO at Armstrong Teasdale LLC) We are in the process of implementing Performance Boards in the Finance / Accounting department to document, track and drive performance.  Initially, we discussed tracking on a daily basis: # invoices processed (payables), # errors (payables), $ receivables collected...
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David Matyas
Title: Manager
Company: SpecOp
(Manager at SpecOp) I am a bit confused in regards to recapturing when using the bonus depreciation: If someone purchases a $60k SUV (greater than 6K pounds) and use it 100% for work. Then in 2018, they can deduct the full value. Let’s say in Dec 2019, it gets sold for $45k. Then they have to...
Anonymous Member
Anonymous
(Senior Accountant) We signed up for 1 year contact at 35k. Monthly expense is 2800/mo. if the vendor is invoicing us quarterly 12k on first two quarters and 3rd and 4th, they will invoice 4600. Dr Accrued expense: 35000 Cr A/P : 35,000 What accounts do i use or how do i make monthly...
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Felipe Agustoni
Title: None
Company: None
(None at None) After consolidating the balance sheet of a multinational operations company, the different exchange rates applied for translating to the presentation currency (Current rate method) in the different parts of the balance sheet, generates an imbalance in the fundamental...
Stephen Helfrich
Title: CFO/Consultant
Company: In Transition/Consulting/Interim CFO
(CFO/Consultant at In Transition/Consulting/Interim CFO) I recently started working for a company that has a Mexican Mequilladora operation and they have not been correctly implementing FAS 52 as it applies to financial statement translation, so when I translated the Mexican operation's financial statements from Pesos to...
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Widad Dzaki
Title: Associate
Company: Nio
(Associate at Nio) Hi, Would the reversal of the unrealized forex be realized upon payment? Say in FY20X7 I had a GBP1mil Debtor valued at 1.2USD which is the revalued to 1.3USD at the end of the year. Do I have a 0.1mil unrealized gain which I reverse out in the beginning of the subsequent...
William Hubbard, CPA, CFE
Title: SEC Financial Reporting
Company: Victory Capital
(SEC Financial Reporting at Victory Capital) Hi - we are filing a proxy statement for the first time this year and there are a multitude of vendors, broadridge being one of them. Does anyone here have experience filing the proxy statement - in addition the typical costs associated with this. If you are a small, medium...
Anonymous Member
Anonymous
(Office Manager) During an audit, Liberty Mutual asked that I provide copies of canceled checks for several subcontractors. All of these subcontractors have insurance. Copies of the checks were provided. They are now asking me to provide the bank statements for one of those subcontractors....
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D M
Title: accounting manager
Company: SaaS
(accounting manager at SaaS) I have a question about the recognition of the upfront set-up fees per new GAAP. My understanding is that those should be spread over the life of a contract. Is that correct? Also, in regards to the implementation for private entities - as of 1/2019 should the revenue be...
Jason M. Jones LPA
Title: To Be Announced
Company: To Be Announced
(To Be Announced at To Be Announced) Over the last 4-5 years, there has been a significant increase in accounting and finance practitioners marketing themselves as part-time/interim/fractional/outsourced CFOs, and I am curious as to what some of you, as CFOs, controllers, or otherwise think of this trend. Is...
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Andrea M
Title: Accounting Clerk
Company: Global Land Surveying LLC
(Accounting Clerk at Global Land Surveying LLC) I am new to bookkeeping and had a question in regards to what the gross revenue of a company is based on. For instance, is gross revenue based off of what is invoiced for the month or what money was deposited that month?
Anonymous Member
Anonymous
(Owner) I am looking to do a startup for a new LLC for a services business with most of the revenue earned via my website that is still under development. I reside in Ohio and will have a home office here as a single person LLC. Since I am starting this business from home until I...
Anonymous Member
Anonymous
(Director/Senior) I need an ERP Checklist Questionnaire to guide me with gathering information for system specs and requirements. Where can I find free resources or do-it-yourself online resources. Also, which online resource site has the best tools and information to compare ERP systems...