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Accounting Policies & Processes

Anonymous Member
Anonymous
(Financial Reporting Manager)
Our company provides hosted SaaS which we recognize under ASU 2009-13 via BESP. Currently, we capitalize "direct & incremental costs" - such as commission to the sales...
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Anonymous

We have entered into a partnership with a company offering a Software-as-a-Service to us.  We can request that they customize the software for us.  If it is something that is...
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Jeff Sheffler
Title: Controller
Company: IFF
(Controller at IFF)
We have received grant funds to purchase and rehab real estate (condos or single family homes) to rent out to qualifying individuals.  Part of the proceeds received include a...
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Thomas Sabath
Title: Controller
Company:
LinkedIn Profile
(Controller)
Where is the proper place on the Balance Sheet for the GL account of Factored Receivables. Contra-Receivable or Short Term Lilablity?
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Eddie Price
Title: CFO
Company: Shoe Sensation
(CFO at Shoe Sensation)
My company is working with a consultant to generate Work Opportunity Tax Credits.  50% of the fee is paid at time of service, 50% is deferred until credit is utilized.  both...
Anonymous Member
Anonymous
(CFO)
Our company prepaid a significant amount of court related costs to a German court. I am looking for guidance on whether to expense or record as a prepaid expense.
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Matt Treat
Title: Sr. Accounting Manager
Company: Private
(Sr. Accounting Manager at Private)
Anonymous Member
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Bill Quinn
Title: Member: CFO & Senior Consultant
Company: Blackfish Consulting, LLC
(Member: CFO & Senior Consultant at Blackfish Consulting, LLC)
I have a near-term opportunity to land a relatively-small construction client for part-time CFO services.  I have worked in construction although such experience is a...
Anonymous Member
Anonymous
(Accountant)
Every year, we use to give gift cards to our mail carrier, UPS and Fedex carriers for their service during the year. Should those expenses be treated as "Sales expenses"? Or...
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Kathie Lee
Title: Director
Company: Ravix Consulting
(Director at Ravix Consulting)
My client is an internet website service company that offers products/services for the real estate industry.  Their R/D cycle/style is to do a series of short, iterative projects...
Anonymous Member
Anonymous

Let's say a company discounts a $600 item to $300 for Cyber Monday.  Is it recorded as $600 in revenue or $300?  Then, if it were $600, is $300 added to a sales discount...
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Anonymous Member
Anonymous
(Assistant Controller)
We have a contract in which we incurred freight costs against.  The agreement is that the partner will allow our company to deduct the amount of the freight costs from payments...
Anonymous Member
Anonymous
(Consultant)
Could someone explain to me how accrued revenue and revenue write-offs are accounted, when considering pure time & material assignments as well as assignments where there is a...
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Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com)
I'm doing some research and was wondering if anyone on Proformative ever calculated the real cost of heath care? Now we all know the preimums that both the company and the employee...
Anonymous Member
Anonymous
(Controller)
Some of the fiber costs can be fairly significant.  I'm wondering if this is better to account for as a fixed asset.   Please provide your feedback.      
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Kirk Conole
Title: Partner
Company: DCI Solutions
(Partner at DCI Solutions)
Many carriers line their pockets with inappropriate FSC they charge unsuspecting clients.  Are you one of the unsuspecting clients getting hosed by your freight carrier? If you...
Anonymous Member
Anonymous
(Retail Controller)
Hi, we are about to launch a mobile app that provides the user the ability to keep a diary of their outdoor-related activities, including GPS tracking/locations, photos, etc. and the...