more-arw search

Topics (page 2)

Member's Profile
shingi vyas
Title: Senior Accountant
Company: INTM
(Senior Accountant at INTM) My company hired consultant services to recover unemployment taxes at a fee of 10% of the total recovered amount. We got the refund for $10K- booked as credit to Taxes Dr to receivables. I am not sure how to book the 10% - service fee- should it be booked as professional...
Anonymous Member
Member's Profile
VIVIAN FRASER
Title: president
Company: urban league
(president at urban league) As a human services agency most of our revenues are derived from providing social services which we have to seek reimbursement from federal, state, and local government. All require backup copies of all invoices and bills for any charge allocated or billed to the grant....
Member's Profile
Anurag Chopra
Title: Mgr
Company: ABC
(Mgr at ABC) Warren Buffett says that rather than only looking at earnings, one most also look at the capital reinvested in the business to generate incremental earnings. Thus, i want to know that how can i calculate, what percentage/ amount of retained earnings was actually invested to...
Member's Profile
Mark Blake
Title: student
Company: vdfd
(student at vdfd) Sherburn plc has sufficient material Y in stock for a year’s production of “Stingfree”. Material Y costs £8,000 but is subject to major price variations; the current market value is double the original cost. It could be sold at the market price less 15% selling expenses. An...
Chris Shumate
Title: Accounting Manager
Company: Dominion Development Group, LLC
LinkedIn Profile
(Accounting Manager at Dominion Development Group, LLC) Have you taken any part of the CPA exam? How hard did you find the exams to be? How many times did you have to retake it? I had just graduated from college with an undergrad in Accounting. I decided against finishing school to get the 150 hours needed to sit for the CPA...
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...
Member's Profile
Ibrahim Cisse
Title: Sr. Finance and Operations Manager @Clin..
Company: ClinCapture
LinkedIn Profile
(Sr. Finance and Operations Manager @Clin.. at ClinCapture) Hello everyone, I work in a SaaS company, and would like to know more about this specific case scenario : We have this specific situation where we sometimes offer lower subscription over time (The usage of our software is more prominent in the first year). Example : We sell...
Arafat X
Title: CEO
Company: UNDISCLOSED COMPANY
(CEO at UNDISCLOSED COMPANY) Anyone here use Odoo 11, if I purchase a stock and then I want to reconcile the transaction, which account it should go in Chart of Account (and what category?) I don't see a Stock Purchase category there ?
Anonymous Member
Anonymous
(N/A) Several small business companies much like mine do not host weekly or monthly quoting and billing practices training. In this fast-paced environment, the focus is on utility rather than tracking the quality or fairness of the billing to clients. It is very difficult to...
Member's Profile
Horacio Muñoz
Title: Financial Manager
Company: Yor
(Financial Manager at Yor) If a subsidiary company overseas of a Global Conglomerate did not elaborate financial statements for 2014, 2015, and the Consolidated Financial Statements of the Global Company listed in a Stock Exchange did not inform this, should it inform of this violation to the buyers...
Paul Shapiro
Title: Startup CFO Consultant
Company: Paul G. Shapiro, CPA
(Startup CFO Consultant at Paul G. Shapiro, CPA) I have a startup client using Zenefits for benefits and Xero for payroll. We need to switch the payroll for a few reasons and thought that combining benefits and payroll is the way to go. I haven't heard much about Zenefits payroll, and their HR and benefits have been...
Member's Profile
Terry Marlink
Title: Vice President of Finance
Company: Retail Pro International
(Vice President of Finance at Retail Pro International) We will soon be billing a new charge to our business partners that will likely be contested. I believe it would be prudent to only recognize something like 75% of the invoiced amounts. Any suggestions on a better method than recording a 25% bad debt reserve? Thanks.
Anonymous Member
Anonymous
(Auditor) Hello, am set to attend to a stock taking exercise few days to come, but am still in dilemma of how and when an auditor is to perform test counts, as far as stock taking is concerned. Please help....
Anonymous Member
Anonymous
(Corp Controller) My employer (large S&P 500 company) is undergoing its ASC 842 implementation and is currently shopping around with providers and their software packages designed for both 842 implementation and post-adoption. We have looked at a few vendors (including from a couple of...
Anonymous Member
Anonymous
(Controller) How do you account for product packaging at your company? (not shipping packaging, but direct product packaging for the plastic used in cereal boxes and the cereal box, labels etc as an example. The plastic wrap around the product and carton packaging, labels etc are...
Anonymous Member
Anonymous
(Accountant) Hello! This may be too basic and I apologize for my ignorance in advance, but I am knew to payroll liabilities. Our life Insurance Payable account has gotten out of balance. We debit the account for the invoice totals for the life insurance. Then, if I'm understanding, we...
Anonymous Member
Anonymous
(VP of Finance) Our company is to receive a signing bonus for entering into a multi-year contract with a vendor.  When do we recognize the signing bonus received? Do we take it all at once or over the life of the contract?
Anonymous Member
Anonymous
(MD) I am in need of some help please. I need to calculate EBITA for a company called Mitie Security Holdings Ltd for both 2015 and 2017. Their Annual Reports and Financial Statements do not include Amortisation, but assuming these are broadly similar ... Would someone please be...
Member's Profile
Stacey Roberts
Title: Accounts Assistant
Company: Ross UK Ltd
(Accounts Assistant at Ross UK Ltd) Hi, last year we wrote off the value of what was perceived to be old/obsolete inventory but we didn't actually dispose of it. Today, we have sold one of the items which was written off. We use Sage What I need to know, is how do I account for the sale of the item which is...