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Member's Profile
Russell Lawler
Title: Looking
Company: Looking
(Looking at Looking) Hello! I am a new auditor. I had a general question about auditing: When auditing an entity, I guess there aren't requirements for HOW MUCH workpapers you need? Do you basically just get as much info and do as much testing as you have to, in order to get enough assurance?...
Member's Profile
Daniel Cox
Title: Owner
Company: FallenValor
(Owner at FallenValor) I am opening up a charity to help Fallen Military personal that have made a mistake in life and ended up with a felony. Would it be against ethics to solicit accountants to possibly suggest their clients to donate to my charity for tax savings? What would be the best way to...
Member's Profile
Jake Buto
Title: Product Manager
Company: Rapidly
(Product Manager at Rapidly) Hello, *I apologize if this is against forums rules, I have nothing to sell just looking to gather feedback* I am with an early stage software startup that is interested in building a CRM/Workflow management software. We are interested in gathering some feedback from...
Anonymous Member
Anonymous
(B) I’m an intern at a small publishing company, and I’ve been tasked with finding out the cost of each product to ultimately create a costing model and to calculate profitability of each product. We have a large number of products, and each product takes some amount of money...
Anonymous Member
Anonymous
(HR manager) 1.Does your employer let you earn CPE hours during work hours? 2. Does your employer reimburse you for your CPE expenses and if so up to what rate a year? Thanks!
Anonymous Member
Anonymous
(Accountant) I work in the USA for a manufacturing subsidiary of a company based internationally(IFRS) and there seems to be some disagreement about the interim period reporting for our absorption accounting. We have assigned costing rates for both our labor and overhead costs....
Paula Sweis
Title: Founder
Company: SILVERWEISS International
(Founder at SILVERWEISS International) Hello! Could someone please tell me. What are typical success fee's broker-dealers charge when raising capital for a fund? ex: equity, real estate, private placement, etc. Appreciate your help! Thanks, Paula http://linkedin.com/in/paulasweis
Anonymous Member
Anonymous
(Global Accounting Manager) Hi all, We currenlty use Oanda, FX currency converter API for our month end close. We are running into some issues with the rates provided by Oanda. The rates provided for a few currencies were not correct for last month. Anyone else is experiencing rate issues provided by...
Member's Profile
Brenda Sikkema
Title: Director of Finance
Company: Skybeck Construction
(Director of Finance at Skybeck Construction) My boss is a chairman of a non-profit here in Austin, TX. It's called EO Austin, and it's a membership organization for entrepreneurs. He is wondering if the financials need to be audited yearly because they are a non-profit? Or can they be reviewed or just done in house...
Anonymous Member
Anonymous
(Accounting Manager) Along with that question, what size is your company? Have you changed HR software as your organization has grown? If so, what benchmark did you use to know the time to change was coming?
Member's Profile
Howard Smolin
Title: Accountant
Company: HJS & ASSOC
(Accountant at HJS & ASSOC) Revised form 941-Employee Retention Credit My client has a restaurant/Deli which operated during Q3 2020 under a 50% occupancy order mandated by the State Government. Does this qualify as a partial suspension of operations and therefore eligible for the employee retention...
Anonymous Member
Anonymous
(CONTROLLER) Hello, I was wondering if I can seek some guidance from more experienced accountant here. So We have calculated that our revenue for Sept is around 500k. However, on 10/14, a customer disputed all of their invoices through their bank (credit card issuer) - around 45k....
Member's Profile
Aftab Ali
Title: Manager Finance
Company: Confidential
(Manager Finance at Confidential) I have a scenario in which the company A is selling its spare parts inventory on the value that is in the books to company B. Company B will maintain the inventory and after 5 year Company A will buy back the remaining inventory. The price of inventory will increase by 10...
Anonymous Member
Anonymous
(Member) I have a client who is converting his LLC in to a C Corp by checking the box for tax purposes only. New share holders will be foreign corporation . If the company does not have any dividends in the current year will the foreign shareholder need to file an 1120f? They are...
Member's Profile
fpa girl
Title: analyst
Company: cva
(analyst at cva) On my company's income statement I see this (I am making up numbers): bad debt expense is $900 out of which $600 is due to covid impact. YTD writeoffs is $150. Provision YTD on BS is $1500 and provision on 12/31 is $700. Here is what I understand /don't understand from this...
Anonymous Member
Anonymous
(Owner/Small Business Accountant) One of my clients is providing a small amount of free labor for one of their customers. They are recording a liability for the portion of the labor promised, but not yet delivered to the customer, with a corresponding expense. What should the entry be when that labor is...
Member's Profile
jake lenshaw
Title: Manager
Company: N/A
(Manager at N/A) hey guys i'm looking for the best way to handle some more complex account tasks that are not my specialty. Can anyone recommend a good solution. I was looking into theaccountinganalyst.com has anyone used them before or have any other ideas?
Anonymous Member
Anonymous
(Accountant) Our company is in a state that has sales tax, while we often make sales to customers in states that don't have it. If someone were to place an order in a state that doesn't have sales tax, but drive to our location to pick it up - should they be charged sales tax?
Member's Profile
Zach Kusick
Title: Financial Accountant Senior
Company: Clovis Oncology
(Financial Accountant Senior at Clovis Oncology) I am trying to research/find different options for specific trainings on Netsuite. I have only really found companies that do 1-on-1 consultations rather than just a training library. I have looked within Netsuite itself, but wanted to see if there are other options...
Anonymous Member
Anonymous
(Accountant) I am trying to wrap my head around the reasoning why our controller posted our insurance in this manner (she retired and I am picking up the pieces). Example: Our liability policy runs January-December Annual premium is $12,000. However, we pay $1000 every month for 12...