FP&A
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Budgeting and Forecasting in Retail
Hello - we are in the process of evaluating new Budgeting software to perform an integrated P&L, Balance Sheet and Cashflow at store and product level. We also want to use this for the 5 year plan. My question is, what Budgeting software do mid-size Retailers (40-200 stores) use to perform thei…
5
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G&A benchmarking
#vwo {display:block!important;} We are a hardware/software/services company with $160m annual revenues. I am looking for G&A spending as a % of revenue benchmark data not including special items or FAS123R expenses. We are at 12%. Any further breakdowns by function would be appreciated as wel…
4
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How would you weigh a corporate career vs starting your own business?
I have an opportunity to partner with a very capable person I've known for a long time. Upon further contemplation I have to admit that I haven't really given the notion fair consideration, but merely reacted with INR. That is Initial Negative Reaction, based mostly on the fear of making such a big…
6
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Unclaimed funds recovery agencies: Are they trustful?
We are receiving calls from several agencies that say they have located a dormant/unclaimed cash asset held in our name and can help us to recover it. And they require to sign an agreement with 10% commission. Is there anyone with similar experience?
7
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Excel formula for subscription revenue recognition
I am building an excel spreadsheet to recognize subscription revenue (including annual renewals) for use in a forecast model. Our subscriptions are generally annual, and are at various points throughout the month and the year (ie not just on the first day of the month). Does anyone have an excel …
1
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Signing Bonus Accounting
When do you accrue / recognize expense associated with a signing bonus? A company make an offer of employment which includes a signing bonus of $XX. The employee accepts the offer prior to year-end; however, the signing bonus is not payable until the employee begins employment which is in the month…
4
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Experience using Expensify, Expensecloud, Replicon, Concur or TimeSmart?
We are 10 person company, but situated across 3 states. I am looking for an online solution so that employees can submit PTO requests, timesheets (less important since only need for a few consultants) and expense reports to supervisors. We need the expense tracking to integrate into Quickbooks. I a…
8
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Software selection project
I am trying to select a CPM software package. Would like to get a price range from the community for this project, done by external consultants. Appreciate your help!
2
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Managing my company's credit rating with S&P/Moody's
I have been watching another conversation on the site with some interest: https://www.proformative.com/questions/managing-credit-rating. It's all about companies managing their credit ratings with D&B. I think that is more about small companies. For my company the issue is managing S&P's an…
3
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how do you recorded expense paid in advance, then reimbursed
Have a small promotion/consulting business, I sometime have to pay artist fees and travel expenses in advance but reimbursed almost dollar for dollar by third party promotor. How should these expenses be treated on my business P&L and how should the reimbursement be treated. They have historica…
3
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Hyperion Consolidation - Is it possible to hold equity at historical USD values with base entities in non-USD currencies
We have a hyperion system that was originally used for UK GAAP which we got in a merger. They always let their equity accounts fluctuate with the current fx rates which makes the consolidation eliminations a nightmare. I am new to using hyperion and am wondering if it is possible to keep the equity…
1
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Host Analytics Software for consolidation
I’m in the process of evaluating Host Analytics software for a client whose primary need is consolidation of 20-plus entities, mostly foreign and a few with simple minority interests. Overall revenues are above $300MM. If you have recently deployed Host Analytics for consolidation purposes or sel…
1
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Cumulative Growth Rates
our CEO wants to make a presentation to our largest customer and show them their cumulative growth rate with us over the past 3 years. I have proposed avg Q over Q growth, 3 year CAGR, Growth YOY, etc. I can't get my arms around a way to show a cumulative growth rate that is meaningful. Any advice?…
4
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How do you get a sense of a culture?
I am curious to know what questions you have found helpful when interviewing with a prospective employer in order to gain a sense of company culture? Also how do you really find out what your future boss is like to work for when everyone is putting on their happy face during an interview?
4
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Analytics/Reporting with a data mart - What is the role of IT vs Finance?
At our mid-size company (45 FTE), reporting and analytics have always been the domain of Finance. We understand the business/numbers better than anyone else and are a trusted resource for decision makers. For analytical work, Finance currently exports information into Excel as our business software…
4
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Looking for a set of internal control policies and procedures
I'm mentoring a start-up company that needs to establish sound controls. I'd like to tailor a set of controls around what other companies have found useful. Specifically looking for controls for segregation of duties; review and approval authorizations; safeguarding and accountability of assets; p…
14
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Unethical Accounting Situation
"Finance and Accounting Role is Grey - not Black and White." My boss says "true." I love my work, but it is now getting threatening because I refuse to concede to pressure from my boss and other senior colleagues to commit corrupt acts against the interest of the company. I believe in intergrity, r…
28
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NetSuite users - Approving/recording recurring bills
For anyone using NetSuite, what is your workflow for approving and entering recurring bills like utilities, rent, etc.? I know these are monthly charges, but I still want to see our department supervisors reviewing and approving bills to ensure we are not being overcharged or that we can identify r…
1
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Budgeting and Control
I am assigned to implement budgeting system in a bank. The goal is to prepare annual budget per department, such as Marketing, IT, administration, HR, etc. after preparing them, the actuals should be checked versus the budgeted amounts and the favorable/(unfavorable) deviations should be explained …
6
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Intangible Asset Valuation
How do you assess value? Do you use an outside service? Do you feel the re-alignment of intangibles provides the bang for the buck?
1
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Best ERP for SMB CPG company who is mainly B2C eComm?
I need some good advice from those who are happy or unhappy with their ERP, and preferably who have experience with different ERPs. We are looking for a cloud-based solution, with about 30 users (maybe not all concurrent, but let’s just plan on 30 concurrent for now). We currently do not run an ERP…
11
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Should the company pay for vehicle repairs?
An employee states that he needed to replace his car's shocks due to constantly transporting materials to various events often. Due to this he's looking for us to pay for the parts. Is this company responsible? The car is older and we know he has many other non work activity that he uses his vehicl…
10
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Is there a good, cost effective solution for sales forecasting and inventory planning?
Currently using a spreadsheet to forecast sales by customer and sku by month for a distribution operation (I.e. no manufacturing). Also used to tie into inventory planning. Tracking units as well as sales and cost dollar amounts. ERP system is Netsuite. Pros: very flexible and cheap. Can use for…
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