All Corporate Finance, Accounting & Other Topics On Proformative

(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...

(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...

(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.

(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,...

(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....

(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...

(Software Analyst at Technology Counter)

(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...

(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...