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Member's Profile
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com)
We’ve all created way too many Excel Spreadsheets that do standard types of reporting/data manipulation. What is in your ideal toolkit. Let’s say you could have up to 25 spreadsheets, all with the availability to be linked (where necessary), error and logic checked,...
Anonymous Member
Anonymous
(CFO)
First Issue: our CEO is feeling too involved with day to day operational matters at our $30M light mfg and distribution company, and I agree with him (I'm the CFO). We both agree that if we are to reach 100M, we will need to perform at a much higher level in Production and...
Member's Profile
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com)
There's an article on Yahoo Style "Interns Get Fired En Masse After Protesting Dress Code at Work" https://www.yahoo.com/style/interns-get-fired-en-masse-after-protesting-dress-201632030.html about a group of interns who summarily get fired for complaing about...
Anonymous Member
Anonymous
(Independant Consultant)
I'm considering opening a Beauty Salon in Miami, Florida and found out that most workers in this field in Florida are paid commission only. First, is this legal? If it is legal, would the workers need to complete a 1099 or W-2?
Member's Profile
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com)
If you do, if you haven't heard, you may be part of the 500 MILLION people who had their information hacked... Is it not time to discuss Cyber Security within our own organizations?
Anonymous Member
Anonymous
(Finance Director / Controller)
Quick question: We are concluding the first external review of our financials with external CPAs. The timing is a month or so before our next board meeting. What is the usual / preferred approach - to wait until the meeting to discuss the management letter and any...
Member's Profile
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com)
The Department of Labor (DOL) has finalized a rule that, effective Dec. 1, 2016, will make significant changes to the overtime regulations in the Fair Labor Standards Act (FLSA). As you know, employees covered by the FLSA must receive overtime pay for all hours worked over...
Anonymous Member
Anonymous
(Financial Analyst)
I have two very basic questions. Please advise. 1. I have seen a couple of people who work as a “Principal” in financial organizations. What does this designation mean? 2. What is the difference between “finance” and “accounting”.
Member's Profile
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com)
On Wednesday Sept 21st, I had the privilege of being the Master of Ceremonies of the awards segment (an annual event) held by the Association for Rescue at Sea on Capitol Hill. In attendance were industry representatives, members of Congress and their staffs and a broad...
Member's Profile
Clinton Jones
Title: PM
Company: Winshuttle
(PM at Winshuttle)
A conversation I frequently have with accountants and controllers is around doing things more efficiently and effectively. The prophets of doom and gloom suggest that the role of accounting, bookkeeping and finance staff in general are being rapidly undermined by things...
Anonymous Member
Anonymous
(Senior Staff Accountant)
Our company is currently implementing a new ERP system. We are currently tracking IT labor cost directly associated with the implementation in order to capitalize those cost at the conclusion of the project (in accordance with ASC 350-40-30). My question is, is it required...
Member's Profile
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com)
Based on CEO John Stumpf's comments before the US Senate Banking Committee would you re-evaluate that relationship?
Member's Profile
Dilan White
Title: owner
Company: White's restaurant
(owner at White's restaurant)
I'm going to open my first restaurant soon and my friend recommended to use this POS system for restaurants http://pos-ne.com/ I can't find any testimonials, looks like the company is pretty young and isn't famous yet but my friend states it works well and has a great...
Anonymous Member
Anonymous
(Director of Accounting)
We are selling products to a customer that is a reseller who has a revolving credit line with a bank who will fund the transaction to us within 30 days (for small discount). The bank will take on all the credit and collection risk. If the customer defaults and the bank...
Member's Profile
Emerson Galfo
Title: CFO
Company: C-Suite Services
LinkedIn Profile
(CFO at C-Suite Services)
How many companies/CEOs have the guts to have this kind of thinking and establish this kind of culture..... Focus on the video of Jet.com CEO Marc Lore and the types/kind of transparency he cultivated. remember, that Jet.com was founded 2014, that is $3B in 2 years. By...
Member's Profile
Anna Bielecki
Title: Controller
Company: 6K Systems
(Controller at 6K Systems)
I became a member of Proformative and I was searching for education on fraud in the workplace. The site is not intuitive for me. where can I find an overview how it works. I started searching courses but I was rerouted to different website and I am not sure how that site...
Member's Profile
Pragya Tandon
Title: Director of Finance
Company: ClearVoice, Inc.
(Director of Finance at ClearVoice, Inc.)
We are a small company and I am hoping to present this idea to the Executive team. I would propose shutting down he office the week between Christmas and New Years. Of course, we'll need to make sure client deadlines are met by Friday, December 23rd. We will set goals for...
Anonymous Member
Anonymous
(President)
We have 3 founders which we equally distributed 20% equity to. The remaining 20% is for investment and key employees. The buiness plan shows annual salaries of 150k and quarterly divident payments. We have chosen one as CEO, this individual has a background in sales and...
Anonymous Member
Anonymous
(Director of Finance)
We issue invoices for promotions and pricing breaks to our vendors to support our sale of their products. We are having difficulty collecting these funds. To cut back on orders from the vendors would be to cut our own throats by not having enough on hand to sell. Also, in...
Member's Profile
Douglas Ryan
Title: CFO
Company: with Private Equity Experience
LinkedIn Profile
(CFO at with Private Equity Experience)
During the past week I have heard about three privately-held companies which are experiencing 60+ day closes. Two are in the process of being converted from cash/tax-basis to accrual-basis. Neither had any meaningful debt (so no covenant requirements) and no one was waiting...