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- Accounts receivable on behalf of a company abroad and remitting to the company
- How to calculate and record monthly paid time off ( vacation and sick leave) expenses?
- CapEx and Depreciation
- Solving for Net Receivables
- How can I best help a client that has 10 years of tax filings to catch up on?
- Vehicle Truck/SUV deduction question
Recent Activity
D M
(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
(CFO)
What are some of the best questions to ask when you are interviewing potential accountants? Thanks!
Anonymous Person
(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
(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?
Melissa Rice
(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...
Flupsie Smith
(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) ?
Flupsie Smith
(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...
Aarti Jarwani
(Not any at Not any)
Javier Piles
(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,...
Paul Natusch
(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...
Jalmad Merbs
(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
(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
(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
(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...
Russell Beyer
(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
(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...
Bobby Handa
(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
(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...
D F
(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
(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. - 1 of 409
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