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Luca Pacioli Jr.
Title: Owner
Company: Manufacturing
(Owner at Manufacturing) My S corporation is a manufacturer. I am the only stock holder. Yearly sales $500k. My salary $70k per year (all taxes are withheld). A bonus paid at the end of the year $63K (all taxes witheld). Net income after above and all other expenses comes to $108k (report on K1)...
William Lieberman
Title: Founder & CEO
Company: The CEO's Right Hand
(Founder & CEO at The CEO's Right Hand) I have a client that raised $1MM in convertible notes at a $10MM cap with a 20% discount. They subsequently received their Series A investment of $10MM at a $40MM pre-money valuation at which time the convertibles converted into equity. The question is: what is the journal...
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Zulfiqar Ali
Title: Assistant Manager Receivables
Company: General Group
(Assistant Manager Receivables at General Group) Hi Will someone explain it to me under-invoicing, how does it works with detail and with examples, please. Everyone should provide his/her view as this would help me understand in deep. Responses will be highly appreciated. Thanks
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Brad Dimit
Title: owner
Company: Dimit Accounting
(owner at Dimit Accounting) Anybody have a lead on some good auditing software? We are creating an auditing sector in our business and would like to find a program that offers all the letters, forms, write ups, check lists etc that goes along with an audit,
Anonymous Member
Anonymous
I work at a growing startup and our actual cash balance (reconciles with quickbooks) does not tie to our cash flows cash balance (excel). We track revenue & inventory outside of quickbooks. I am wondering if anyone has ever experienced a similar situation and if so,...
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Omar Sheikh
Title: L/C Executive
Company: Al Solutions
(L/C Executive at Al Solutions) UK Branch Balance Sheet Dec. 31, 2012 Currencies:::: Pounds - Rate - Dollars Cash <128650 - 1.65 - 212273> Accounts receivable, net...
Jason Nelson
Title: Co-Founder, CEO
Company: Allixo
(Co-Founder, CEO at Allixo) All, I am looking for a way to show business unit directors an income statement of their unit's financial performance (tracked with QB Class), either in real time, or exported/email to them daily. We use QB Enterprise Desktop and have the current version. There isn't a way...
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Ashley Anderson
Title: Accounting Manager
Company: Broadway Management
(Accounting Manager at Broadway Management) Hi there, How do interior design companies account for things such as decor items purchased? Should I put them in job supplies expense or cost of goods sold? I also thought about putting them in reimbursable items. I don't know how the company gets reimbursed for these...
Anonymous Member
Anonymous
(Staff Accountant) My company will only pay expense reports in either GBP or USD, but we have employees, very rarely, who will make purchases in other currencies. Usually, they use a debit or credit card and then will enter the transaction amount from their statement on to their expense...
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Zulfiqar Ali
Title: Assistant Manager Receivables
Company: General Group
(Assistant Manager Receivables at General Group) Can sombody tell me when should a liability be created? I mean when should an Invoice be posted in ledger?? below are ther conditions; After receiving the bill? After receiving sales tax invoice? After receiving GRN (Goods received note). Would sombody help me in this, It...
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Chun Huat Tan
Title: Finance Executive
Company: Singapore
(Finance Executive at Singapore) Hi, We will be developing an online e-commerce platform for buyers and sellers to transact. We will charge a fixed % of platform commission for the usage of platform. Payment gateway merchant will collect the amount paid by buyer which consist of seller's cost of item,...
Anonymous Member
Anonymous
(Director of Finance and Operations) Long-story short, our CEO has made some critical decisions that, ultimately, will jeopardize the shareholder value of the company. From internal politics to short-sighted sales tactics, the CEO is proving to be unreliable and reckless. As part of my position, I feel like it...
Anonymous Member
Anonymous
(Controller) Can a bonus paid to an employee for closing a fundraising round be deducted from APIC?
Anonymous Member
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Elke Vanwijnsberghe
Title: Founder
Company: Plantracker
(Founder at Plantracker) I am currently creating an online platform where people can offer services. A simple example to explain. Person X is very talented in service design and offers his services on the platform. Company Y urgently needs help for designing a new client offering and decides to...
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Jake Mora
Title: Owner
Company: JM3 Corp
(Owner at JM3 Corp) The purpose of this is to reduce paper and simplify organization in the event of an audit. This is not a question to incite debate: Is there a trusted, easy app (Google or AppStore) that employees/subcontractors can utilize to quickly scan receipts? I do not need it to...
Jessica Bozzo
Title: Content Project Manager-Finance
Company: Argyle Executive Forum
(Content Project Manager-Finance at Argyle Executive Forum) Share your 2018 insights and challenges with us, and we will deliver better content and webinars to you. Proformative is always looking to improve, and we can’t do that without YOU.  We want to hear about your interests for the rest of 2018 in this quick, 5-...
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Maria Daniels
Title: Owner/operator
Company: Reset Business Consulting
(Owner/operator at Reset Business Consulting) I am a smaller business. I am considering hiring someone to work for me on a commission basis. I know whenever I first started in the industry I work for commission. I am not sure the best way to approach this. Should I pay a small hourly wage, and commission on top of...
Anonymous Member
Anonymous
(N/A) I am helping out a colleague who is trying to fill an opening in his company. It is a retailer doing over 25M. The current person that is leaving holds the title of Finance Director. Previously the position was CFO but it was felt that the company really wasn’t large...