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Anonymous Member
(Financial Analyst) Dumb question I’m sorry but I’m new to my job and trying to learn everything I can. Why might a bank put their money into a different financial institution? I’m assuming for a better interest rate?
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Theodore Pepin
Title: OTD
Company: USG
(OTD at USG) Okay, I am going to try to describe my problem as best I can. So I have money coming in from different organizations, and each check that they cut carries a 'code' of sorts that restricts what I am allowed to spend the money on, although some money is so coded that I can...
Alexander Haigh
Title: Treasury Consultant
Company: Validus Risk Management Ltd.
(Treasury Consultant at Validus Risk Management Ltd.)   The traditional view of financial risk management, especially in non-financial businesses, is that it is a necessary but non-core activity, playing a supporting role to the ‘stars’ of corporate strategy such as manufacturing, logistics and marketing....
Annette Nellen
Title: Professor
Company: San Jose State University
(Professor at San Jose State University)   A growing number of individuals and businesses own bitcoin or use it for transactions (perhaps with a third party actually handling the bitcoin to cash exchange).  So, more people, including tax practitioners, need to know the federal guidance at Notice 2014-...
Wayne Spivak
Title: President & CFO
LinkedIn Profile
(President & CFO at According to a WSJ article: "By some measures, PayPal Holdings Inc. holds more customer money than all but 20 U.S. banks. What does that say about the future of banking? At the end of March, customers of PayPal held more than $13 billion in accounts at the online-...
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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...
Anonymous Member
(Buyer III) Currently my company uses Vantiv. However, the problem we are having is Vantiv is part of a 5/3 bank and can only establish one card per SSN. So if someone is released multiple times, they have to issue a paper check because the cards cannot be reloaded. Therefore, we are...
Anonymous Member
(CFO) Our vendors are really getting stingy with the terms they're offering us for paying them early. Typically we get a 2% discount if we pay X days prior to the date payment is due. We have recently had several vendors either decrease or completely eliminate these discounts...
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Richie Wohlers
Title: Controller
Company: Vision Mechanical Services
(Controller at Vision Mechanical Services) I have a contractor who is demanding I provide copies of dozens of canceled checks from 3+ years ago. The bank is going to charge me $7.50 per check. The contractor is trying to play some game, and is just annoying me. Can I require them to pay the bank fees? Can I just...
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Jason Rollins
Title: VP Finance
Company: Virginia Clothing Company
(VP Finance at Virginia Clothing Company)
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mandi r
Title: owner
Company: Keep it Clean
(owner at Keep it Clean) I have a commercial cleaning company and I've noticed that my number of delinquent accounts is getting larger and I don't have the time to follow-up on them. When I have tried calling, they keep stringing me along and promising to pay. I want to retain my client but also...
Anonymous Member
(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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Oliver Booker
Title: CEO
Company: Advantage Behavioral Health Systems
(CEO at Advantage Behavioral Health Systems) My company is a NFP, 420-FTE, $29M, 10-county, publicly funded community behavioral health provider system. We provide many programs to ensure a complete continuum of care for the mentally ill and those in addiction. We have been very willing to create new programs for...
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Scout Young
Title: CFO
Company: Private
(CFO at Private)
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Hewitt Hsiao
Title: Product Manager
Company: Y&S Ventures
(Product Manager at Y&S Ventures) I work in an online gambling company. In this industry, paying money to your customers in time is the most important thing, so our company needs to reserved lots of cash to run daily business transaction. But now we want to precisely forecast daily cash flow in our account...
Anonymous Member
(CFO) I have a client who is selling child-proof packaging to the medicinal marijuana industry. They have had a couple of banking relationships, both of which started out fine, but later the relationship was terminated by the banks at the direction of upper management. My...
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Anon Anon
Title: Trsry
Company: Anon
(Trsry at Anon) What are the rules regarding intercompany loans between U.S. entities (U.S. parent to U.S. sub)? I want to set up physical cash pooling in the U.S. between U.S. entities and am thinking about... - Do I technically nees to track loans between U.S. entities? If so, why?...
Anonymous Member
(CFO) The U.S. company I work for deals extensively with international customers. Many contracts require us to post a performance bond against default (~10%) to ensure delivery of a product meeting the customers specifications. In the past, bank standby Letters of Credit had...
Anonymous Member
(Advisor) I've recently joined a company as CFO (having been venturing in other areas for awhile) and have been asked to look into a Positive Pay situation which is apparently a more recent addition to the banking institutions. Is this pretty much standard with all the banks...