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All Corporate Finance, Accounting & Other Topics On Proformative

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Anonymous
(Senior Accountant) We have signed a 2 year training program for $20,000. One identifiable element for the program is Russian Translation, for $ 5000 which is a flat fee. Total Contract $ 25000. Should the entire $25k be coded to Prepaid, or only $ 20K?
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Anonymous
(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. If we were to provide a PO requisition form and once the requisition form submitted to AP...
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Anonymous
(Student) I was doing an exercise on consolidation. the first step is the elimination of the investment, but the value I got for the investment is higher than the one reported on the parent's financial statement. what could be the reason behind it?
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Jacalyn Assink
Title: Director Foundation Accounting
Company: Dignity Health
(Director Foundation Accounting at Dignity Health) One of our foundations co-wrote a grant proposal with the City of LA. The Hospital that the foundation supports is leasing a building from the City of LA. The Hospital runs a treatment center for Assault victims from the building. The grant was approved and awarded to...
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Anonymous
(Accounting Consultant) Hello, I've reimbursed for consulting fees that my employee had paid previously. Since this is a pass-through, is it required to file a 1099 to the employee? Thank you.
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Anonymous
(Vice President of Finance) Our Accounting Team is debating of when to account for the sale discount when we sell into Amazon. For example, we are selling $1,000 in the product to Amazon in June for a July promotion. We offer a 10% discount on any sales made during the month on July. Since the...
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Tomas Kavaliauskas
Title: Web Developer
Company: MB RESERA
(Web Developer at MB RESERA) Good day, I have a website, where users can deposit money to their virtual accounts and then buy services from my website by using that virtual currency. My question would be, is that deposit to virtual account is a prepayment? I mean, the real service is the one that users...
Anonymous Member
Anonymous
(B) I’m an intern at a small publishing company, and I’ve been tasked with finding out the cost of each product to ultimately create a costing model and to calculate profitability of each product. We have a large number of products, and each product takes some amount of money...
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Anna Smith
Title: Student
Company: Student
(Student at Student) Can someone help me with this exercise? You are required to determine the enterprise value of company A which is not listed on the stock market. You are provided with the following information The ev/sales multiple of a comparable company, company B, listed on the stock...
Jim McCloskey
Title: Managing Partner
Company: Catapult CFO Partners
(Managing Partner at Catapult CFO Partners) I see many startups using QuickBooks and QuickBooks Pro vs Premier accounting systems.  The problems with these accounting systems is that they do not have an audit trail.  Historical changes can be made in any month, so a simple review of adjsuting entries is...
Anonymous Member
Anonymous
(Senior Product Manager ) Hi, I am researching currently diverse billing/CPQ tools for a subscription/usage based billing model. We are using Salesforce as CRM system and customized it in the past to be able to invoice with Salesforce. The current method is not scaling and I want to implement a new...
Anonymous Member
Anonymous
(Bookkeeper) The GL/Propery Insurance invoice is received for the Nov 2017 - Oct 2018 policy period. The invoice total $2393.40(GL=$1786.90/Prop=$606.50) and is due in full at the start of the policy. We use the Accrual Method of accounting, so the individual insurance expenses need to...
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Sylwia Karpinska
Title: Financial Controller
Company: CFG
(Financial Controller at CFG) Have you heard of cost allocation on this basis in management accounts and how should it work? This is to allocate revenue to each business line
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Scout Young
Title: CFO
Company: Private
(CFO at Private) I'm advising a small company ($10m) that offers both a subscription software platform (with a multitude of options) and still more options for various add-on services. The services may be one time or ongoing (e.g. support), which is changeable to different levels of...
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VIVIAN FRASER
Title: president
Company: urban league
(president at urban league) As a human services agency most of our revenues are derived from providing social services which we have to seek reimbursement from federal, state, and local government. All require backup copies of all invoices and bills for any charge allocated or billed to the grant....
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AJ Jem
Title: Sr. Accountant
Company: not disclose
(Sr. Accountant at not disclose) Our company received an insurance invoice at Jan 2014 for period covering Feb 2014 - jan 2015. we're in March 2014 but we were short in cash so we didn't pay the invoice yet (yes it's over due). We know it's an obligation and we'll need to pay for it but...
Anonymous Member
Anonymous
(CFO) Need to better understand the top pain points around the planning and reporting process (generally FP&A) outside of my own experience. What are your biggest pain points? For example, for me it has always been: - Headcount reconciliation, approvals, & planning -...
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Anonymous
(Owner) Hi, we recently hired in a contract CFO to look at our computers to check our overhead, the way we are structured and so forth. He also has a client that is trying to get into the same industry as my business. A week after he went through my computers , the other business...
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Tomas Kavaliauskas
Title: Web Developer
Company: MB RESERA
(Web Developer at MB RESERA) I have one question about paying money for physical person. Situation is like this: we would like to register a company in Ireland. DAC to be more specific. We are creating a website, which will act as our system where various companies can create surveys about their...
Anonymous Member
Anonymous
(Strategic program manager ) Hello, Can anyone recommend a good purchase order and bill payment system (that integrate)? We currently use Procurify for purchase orders and pay bills by manually cutting checks. We are contemplating moving to bill.com but there is no integration with Procurify for...