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Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com) People just don't get it. I received an email on Thursday, 7/6 from a guy named Ryan at Heliumsocial.com. The first four words of the email was a lie: "I tried calling you". I mean really, you didn't think I'd check my voice mails? And if you called and didn't leave a...
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com) Some of the "Key Changes to the Auditor’s Report The key changes to the auditor’s report under the standard are: —Standardized ordering and inclusion of section headers, with the opinion section appearing first. —Enhanced descriptions of the auditor’s role and...
Member's Profile
Dwayne Bledsoe
Title: Credit Manager
Company: Phenix Flooring
(Credit Manager at Phenix Flooring) We charge sales tax on samples since they are not for resale. I am in need of the article in the tax code confirming this, particular in California.
Bryan Kernan
Title: Assistant Controller
Company: Force Brands| Certified Public Accountan..
LinkedIn Profile
(Assistant Controller at Force Brands| Certified Public Accountan..) We have a pretty healthy AR except every now and then the over 90 day column gets large due to special situations and becomes more of a holding column for these issues than a collections one. For example, if we need to replace a candidate that didn't work out (and received...
Bryan Kernan
Title: Assistant Controller
Company: Force Brands| Certified Public Accountan..
LinkedIn Profile
(Assistant Controller at Force Brands| Certified Public Accountan..) I wanted to see if anyone had experience with a test accounting system to vet new applications coming onto the market? For example, starting with an active Xero or Quickbooks Online account with a sandbox file to test integrations like Spotlight Reporting, Bill.com, etc......
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Anonymous
(Accounting Manager) The Customer Success department can do a variety of tasks but one of their main objectives is to make the customer happy and successful so they continue to renew your service. Sometimes they help train customers on their product, like support, but with the objective of...
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Anonymous
(VP, Finance) Our R&D team wants to be able to know what parts are available to them for building prototypes and doing other R&D. We don't want them to do this in NetSuite as inventory since it is not inventory for accounting purposes and we don't want them to be able to assign...
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Anonymous
(Accountant.) Hi all, this is about what to book in a prepayment journal. Does it matter when and if we receive an invoice while preparing a prepayment journal? If I prepay an invoice of 900$ for something I am going to use for the following three months it goes without saying that I...
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Anonymous
(Accountant.) Hi all, In my new role I am booking accruals and prepayment journals for the first time, although I know what they are in theory I struggle to understand how they work in practise. We use Oracle system by the way. Accrual journal: If I receive an invoice in the current...
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Anonymous
(Director of Finance) I am looking for a work-paper software solution that M&A or IB analysts typically use to maintain files and perform financial statement analyses with the following requirements: - Agnostic to any ERP; is able to import financials and datasets from multiple data-source...
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Anonymous
(N/A) If a customer signs a 12 month contract on June 10 for consulting services, and you assume the work begins that day, for June you have earned 20 days of revenue. Mgmt want to bill an equal amt. each month starting on July 1. Your system creates Dr: A/R and Cr: Revenue, so...
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Anonymous
(Asst Controller) Hi! I am trying to figure out the best way to record an entry for the following scenario. I have a 12 month subscription that started in January but I did not bill out the full 12 month bill until May. Not our usual process but it was missed. I am trying to find a way to...
Member's Profile
Violet Haddow
Title: Staff Accountant
Company: United States
(Staff Accountant at United States) Hi there, I would love to hear from anyone who has experience handling Licensing fees (Annual or months) I just started working for a fairly new startup that do a number of these. The customer signs up for Licensing fee for a period of time (3, 6 or 9 months, or annual) I'...
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Anonymous
(Accountant) I have been in an Office Manager/Sr. Accountant position for most of my career. (16+ years) I have a Bachelor's Degree in Business with Accounting Major. I am looking for opinions/thoughts on what I should do next to advance my career? i.e. Masters Degree or some type of...
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Anonymous
(N/A) If a company wants to begin accruing for property taxes (which has never been done before now) they will pay in January, would you start accruing 1/12 of the total each month for the next 7 months, or do a catch-up entry in starting month for the prior 5 months missed?...
Anonymous Member
Anonymous
(Accountant.) Hi all, I've started dealing with cash book recently so it is something completely new to me. In my company cash book we have a column for general ledger , bank charges , AP , AP D/D and AR receipt. I believe to have a general understanding of where to allocate amounts...
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com) "An “almost incomprehensible” increase in the pace of change and technological development is going to require the accounting profession to make significant changes to survive and thrive, according to American Institute of CPAs president and CEO Barry Melancon." "...“...
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Anonymous
(Accountant.) Hi all, one of our employees is in maternity and would be back at the beginning of next year. The company has accrued her holiday up to May but I am not sure whether I should accrue her holiday now that she is off in maternity or whether she would be paid any unused holiday...
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Anonymous
(Director of Finance) Hi Guys/! I am trying to research and compare the latest/greatest FP&A Solution for a 6 year-old manufacturing company with projected sales of $100M+ in 2018. Currently, modeling is conducted in Excel. ERP + Planning is conducted in NetSuite + Adaptive Planning....
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Anonymous
(Accountant.) Hi, One thing that confuse me a little is what happens if I pay an invoice in my bank in one period but I enter it in Oracle in a subsequent period and vice versa. How this would affect my accompany, especially at month end. Is it going to affect my bank recs? Or it is...