FP&A
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Setting up a sales team without territories
Needs some guideness on how to set up a system to protect sales person clients from cross over of another sales person. In our market a salesperson may sell to one hostipal that is connected to others and when purchsing they may decide to purchase for the other facilitys that another sales person h…
1
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Complicated office politics - need advice
I'll try to summarize the problem: 3 supervisors run the day to day operations. The manager of the 3 expects the supervisors to be able to do this professionally. Two of the 3 do not get along though. Supervisor One, the newest employee, is trying to show he/she can do the job, while supervisor 2 (…
11
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Phantom Stock: what are your issues and experiences?
This Q is driven by both some recent run-ins with Phantom Stock in its newer form, and by an Anon question here: https://www.proformative.com/questions/phantom-stock-plan-private-company-700-employees-05b-revenue-10m-ni My basic question, in 3 parts: Assume a private company, later-stage (revenue, …
1
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What have you seen with regard to option vesting on sale of private company?
In a situation where all employees have some options and a 4 year vesting schedule; how have you handled unvested options upon a sale of the business? Currently the options program does not contain a change of control provision. Sr Managers have alot of shares while staff have nominal amounts. Assu…
1
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Accounting & Finance For Multi-Location Companies
Your company has multiple locations, both in-state, out of state and out of country. How would you deploy your (accounting/finance) staff? If you were to decentralize, what are the advantages and disadvantages? What about just having a central staff?
3
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Finance Productivity Hacks
We're doing some research for a Proformative webinar where we want to share the best productivity hacks for finance, accounting and related professionals. Please give me any and all suggestions which will benefit all Proformative users who see this thread, as well as inform a webinar where we will …
19
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Travel expense management best practices
I have worked in multiple industries and sectors in my career. The one constant is abuse of T&E, especially when traveling. In fact, T&E is the first issue I address at any new company (the second is advertising). Is it reasonable? Usually not (way too high on T&E, too low on adv.). By …
9
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Venture Capital Method Is The Madness
As an investor who sees his share of early stage pitches, my associates and I are increasingly of the mind that the method used to evaluate VC pitches and ultimately the pitches themselves and the businesses they spawn need to change. My main complaint is that pitches are usually crafted and deals …
14
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Due diligence on potential investor
What do you feel is fair and equitable to ask a unknown investor (foreign) before you would start in earnest to negotiate an investment? Would you increase that level in a regulated industry?
6
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Projecting Sales, should be easy.... should be...
Unless you have contracts in hand, projecting sales has always (and maybe always will) be difficult. But should it be that difficult? I have found, much to my chagrin, that most of the marketing and sales professional I've encountered make wild guesses, usually with a number which is a little more …
9
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Sales Rebates: Do you reduce sales or increase cost of goods?
Where do you book sales rebates? Customer will get 1% rebate on all sales over x amount. Should this reduce sales or be part of cost of goods. Up until now, these rebates have been smaller, but in 2016 could be very large. What is the best practice. Thanks!
2
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Accounting and Finance Department
This may be difficult to generalize but what would be the typical finance department staffing requirements for a US public company with multiple locations including a foreign subsidiary. Company has 600 employees and has $150 million in revenue.
2
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ADP Sales Tactics
We have many companies with ADP for years but lately since they outsourced their customer service, their service has been awful. In addition, even though i have the same sales rep for years, i am constantly getting bombarded with phone calls from sales reps trying to get me to sign up to other prog…
8
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Mileage for Board Members
Can board members be reimbursed for mileage for attending a meeting? We have 2 meetings a month that our members need to attend and some claim the mileage. Should they be taxed on these reimbursements? There is a question as to whether or not these board members should be able to claim the mileage …
3
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How do I record the cumulative translation adjustment when consolidating a foreign subsidiary after translating their FS into the reporting currency?
I recently started working for a company that has a Mexican Mequilladora operation and they have not been correctly implementing FAS 52 as it applies to financial statement translation, so when I translated the Mexican operation's financial statements from Pesos to Dollars and went to record the tr…
20
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Have you ever experienced an ethical dilemma in the workplace and what did you do about it?
I'm looking for successful strategies for inspiration. Feel free to answer anonymously, if you like.
15
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Deriving Foreign Currency Impact On Cash Flow Statement (indirect)
On foreign currency impact on cash flow statement, I have been asked to prepare the statement of cash flows for our Company. In the past I had prepared the cash flow using the USD balance sheets, but now I've been asked to prepare the cash flow in the local currencies first and then translate the…
5
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Do you reimburse expenses when people paid cash and do not have a receipt? What documentation do you require?
We have a policy of attaching receipts to all expense reports but we get the occasional "I lost it, can I use my credit card statement?" We allow this documentation in certain circumstances. Very rarely, we get someone that has some client entertaining event, like a concert, and does not have any…
16
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What are the accounting entries used for Restricted Stock Units?
What are the accounting entries (the debits, credits and accounts) used for grant accounting of Restricted Stock Units? An example would be great.
6
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Sarbanes Oxley Checklist, Internal Controls and Procedures Checklist
I am working with a Company that really hasn't addressed the issue of formal internal controls, documentation and compliance. Does anyone have a Sarbanes Oxley checklist, advice, or a good reference to facilitate the process of organisation?
10
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What is the difference between a P-Card vs Credit Card
I called Bank of America and the representative stated that she never heard of a P-Card.
8
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Have you ever encountered fake receipts for employee reimbursement of phony expense report items?
Did you know that there are fake receipt generators online? I just became aware that there are fake generators, templates, software and services... a cottage industry! How do you detect expense reports containing fake business receipts and how common do you think this is?
18
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Can you tell me of your experiences with Concur?
We will soon be engaging with Concur to automate our expense reporting and I was wondering if any of you had some experiences with the company that you could share?
32
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Anyone have recommendations, best practices on how to budget and plan headcount growth?
Looking to revamp how we plan and forecast our FTE headcount. Looking for ideas on how you do this in your shops, specifically: - Do you use any planning software besides Excel to accomplish this? - How do you incorporate salary ranges and expected start dates into your forecasts? - How do you int…
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