FP&A
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Moving into a strategic role.
Advice please from the well-versed and esteemed Proformative community. Just landed a new role, and one of the hurdles was that I have not had a strategic aspect to my prior responsibilities. All in all, this represents a great opportunity for me, and one I have wanted for years. Now that it is her…
4
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Inexpensive Budget/Forecast Software
I have been using Adaptive for years, but can't afford it now. Looking for a budging software that can handle a basic software company (SaaS) and staff cost. I looked at Plan Guru, but don't like it. Any other thoughts? I will even take an excel based model. THANKS!
5
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Merging Actual vs Forecast Data In Excel
"One of the biggest challenges in updating an Excel-based budget is the "dovetail" between actual and forecast data over time. Suggestions?" This question was asked at a recent webinar, now available on-demand: "Budgeting in Excel" Please add your thoughts about it below. Thanks!
7
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My Excel Budgeting Process For COGs Is Squishy
"When budgeting, what are some techniques to determine, and to what degree, an expense item is dependent on sales, or COGS, or some other item?" This question was asked at a recent webinar, now available on-demand: "Budgeting in Excel" Please add your thoughts about it below. Thanks!
3
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3rd Party Vendor Reimbursement of Marketing Expense
One of our product vendors (inventory product) -( well-known vendor in US market) has agreed to reimburse a portion of trade show expenses if we highlight we use their product. they want us to invoice them for this and I wanted to know how other folks have treated this situation in the past. I beli…
2
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How to recognize non-refundable fees for cancelled SaaS contract before Go Live?
We received a customer as part of an acquisition. As is typical for a SaaS Company, the customer was billed $36K upfront for a one year subscription for a couple of our products. There were no separate implementation/integration fees. There was some back and forth with the client because they wante…
1
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Best practices for handling of Inter-company loans?
What is the best practice for a consolidated group to move money from the "haves" to the "have-nots" so as to minimize the number of inter-company loan accounts on each sister company's balance sheets and avoid confusing inter-company reconciliations. Is it best for cash from the "haves" to flow …
3
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Does your Company have a Social Media Policy?
I am curious as to if companies have formal social media policies. During my last few speaking engagements I was surprised about how few do and/or it is not known to exist by employees? If you have one, how do you communicate and enforce it?
7
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Is there a potential financial collaspe set for this year?
There's a somewhat popular book in some circles regarding a potential financial collapse this year. Granted nothing is set in stone and many predictions never come to fruition, so this isn't a doom a gloom question. Rather it's more of a historical perspective on the likelihood of financial issues …
14
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How to pitch a rollup to Private Equity (PE) - what metrics will they look for?
My company has an established software business and a few competitors in our space in the U.S.. We would like to buy our biggest competitor if we can get funding to do so. We have, via existing board and investors, connections to PE firms, and, as usual, I have been asked to build the pitch and fin…
3
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How eager are companies to fire employees for things that they say on social media?
It seems to be more and more common to hear about employees losing their job for flippant comments, so what has your experience been?
8
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How does your company (if it does) promote volunteerism and community service?
For example, a company I used to work for gave employees the option to take one Friday afternoon a month off to volunteer at a local mentoring program for underprivileged children (all employees participating had to check in and out of the program - there was no way to avoid the actual community se…
6
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How can FP&A tell management "something they don't already know" and add value to reporting?
FP&A is tasked with monthly, quarterly, annual reporting to the directors and senior leadership. These reports can be tedious for recipients who are so close to all the activity that P&L analysis is really not all that helpful. Deeper drills into continuing hot buttons can be an obvious pla…
13
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Help creating a Hong Kong subsidiary
Has anyone here created a HK subsidiary before? We need to open a sales office there with direct employees, (primarily sales & support but some dev work also), office, legal, acct'g, the works. Has anyone here done that? How difficult is it? What services will I need? What legal and structural …
5
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Foreign Entity Sub and Foreign Payroll
I am working with a startup based in the US. but the business model focuses on the hispanic market. That said, they are looking to establish a sub in Chile, adding employees and local payroll. The company currently handles payment via contractor basis and also handles all operations for foreign c…
8
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Financial Planning & Reporting System For Insurance Company
I am starting to look at a financial planning and reporting system that would be a good fit for a small P&C Insurance company. The company writes Homeowners and Auto policies. If anybody has any experience with this I would appreciate any feedback. Thank you, Tony
3
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Is factoring even possible for a construction company's receivables?
Are a construction company's receivables 'factorable'? Even those receivables that are from completed jobs - therefore not the 'work-in-progress' receivables that could have collection issues? If there are factors out there, I would like to learn of them, along with any other tips on accounts r…
4
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Email Overload: Alternative strategies for distributed organizations
Randy Dean has training in this area: https://www.proformative.com/courses/email-overload-solutions I'm specifically wondering if others have alternative approaches that are "sticky" especially in distributed organizations for handling: -Email overload, and the impact on productivity, or; -Mis-use …
2
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Does Dynamics NV Support the Automation of Intercompany Transactions?
Our research with MSFT resellers indicates that, out the box, NAV does not support the automation of intercompany due to/from entries when processing interco transactions (e.g. a central vendor invoice or a central payroll JE that needs to be charged to various subsidiaries). My client has around 1…
3
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do you have quickbooks for a small counseling service online training
Looking for a online training course for quickbooks, the business i will be setting this up for is a small physcotherapy counseling service.
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Are new careers in Finance & Accounting unattractive due to likely future outsourcing?
"Do you think the finance outsourcing trend has contributed to finance not being an attractive career for new talent?" This question was asked at a recent webinar, now available on-demand: "The Management Accounting & Finance Talent Crisis: How to Act Now!" Please add your thoughts about it …
4
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CFO Handover Checklist
Hi does anyone have a generic handover checklist for a CFO/Company Secretary role relevant for a Venture Start up with overseas subsidiary companies useful as a prompt on everything that should be covered?
4
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Defer discounts?
I started with a SaaS company a few months ago. Their typical sale is a 3-year SaaS subscription which locks in the first year with material penalties if a customer cancels out in year two or three. A significant number of customers get a discount (5%-20%) on the first year’s fee and then years two…
2
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Creating a Sales Forecast for Service Driven & Project / Billable Work
I am looking for a forecasting model or tips on developing a forecasting matrix that can capture business development efforts, labor and backlog, current proposed work, and alliance (rarely proposed or bid on) work. Also, often there are times when existing work is increased by the client - sometim…
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Is controlling earnings by utilizing discretionary accounting techniques, disingenuous and/or unethical?
A recent research study "Earnings Quality: Evidence from the Field" September 9 2012 concluded the following - "(i) high-quality earnings are sustainable and are backed by actual cash flows; they also reflect consistent reporting choices over time and avoid long-term estimates; (ii) about 50% of e…
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