FP&A
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Accounting For Mistakes, Errors & Accidental Charges
Hi all, I work at a small startup that is a joint venture between multiple companies. The management of one company acts as management of my company, and on occasion will accidentally charge expenses to the parent company. Previously we have treated this as a short-term loan, or an expense that is …
6
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Diversity concerns expanding in new markets
How would you handle diversity in a retail market you are not familiar with? Example: You want to expand into a new market not in your home state and have the perfect person ready to move but are unsure if it will be a good fit due to the lack of diversity in the area.
1
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Is anyone using Sage 50 accounting software for a small business operation?
I welcome your opinions of the Sage 50 accounting software for small businesses.
7
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Accounting for shipping In when it's on your FedEx vs vendor invoice
We have large volume hardware purchases and a manual process for accounting for them as we don't yet have an ERP. About 1/2 the invoices have freight included and the total of the invoice is booked to inventory. However, for a lot of vendors the shipping is charged to our FedEx account. I've been b…
6
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Board Meeting Presentation
For those of you who a) have a real budgeting process and b) a real Board of Directors, what level (detail) of information do you provide to the Board? In addition, how involved is the Board in re-working the budget? Lastly, does the ownership of the company make a difference (i.e., family, VC, PE,…
2
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DSO....setting a target
Hi - I know how to calculate DSO (or rather how my controller wants me to) but I'm trying to set/suggest targets. The company has four main groups with 4-6 regions in each of the groups. The overall company target is 50 days. Is there a way to 'roll up' the targets the regions/groups want to ensure…
5
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Employee removed from restructuring list. What is the accounting treatment for the previous agreed and honored retention bonus?
Facts: As part of our company's restructuring plan, employee A was notified on 3/30/2014 for his termination on 9/30/2014. A was eligible for severance payments of $50K, plus retention bonus of $30K for his service from 3/30/2014 to 9/30/2014. The total of $80K restructuring liabilities were accrue…
2
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Receivables Factoring Rates
What is the "market rate" for their services (not the factor rate for borrowing)? Also, do you get charged a "credit risk fee" if you do business with another client of the same factor?
2
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You Hired the Michael Jordan of Finance: Now What?
There is no doubt that acquiring and retaining top notch finance talent are among the top challenges CFOs will face in driving growth in 2015. I would like to gain some insights around how CFOs successfully onboard a person when they add someone they view as a Finance Guru to their team. What do y…
3
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How do I get control of constantly changing client billings that are created outside of Accounting?
I am the new accountant for a business that's in a industry that's also new for me. I spent the last 13 years in a company that was time & billing driven. We billed clients based on timesheets entered by employees working on various projects and expenses charged to projects through AP and expen…
4
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QuickBooks Multi User Mode
My family has a very small rental business and uses quickbooks 2015 for the bookkeeping. We have book keeper in one state, an a accountant in another. I'm wondering if the multi user will work for us or if we need the online package? Thank you.
7
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Scenario Planning -- Top 3 or 4 High-Impact Practices
I need to tap into the formal discipline of scenario planning, not make it up applying only intuition and common sense. So far I’ve found little online that isn’t already obvious. My organization has encountered what may or may not be a major negative game-changing event and we need to develop cont…
2
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What KPIs should nonpofits care about?
Are you on the board for a nonprofit, or have you been? If so, what KPIs are or were you most interested in knowing? Are there any leading or lagging measures that are most important to nonprofits?
4
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Owner Involvement in the Business
How do I kindly suggest to the owner of the business that he is too involved in small decisions, and get him to redirect his focus to larger and more meaningful items that typically an owner/founder would be concentrating on? His involvement in the minutiae means even small decisions take a long ti…
2
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Investing excess cash
We're in the position where we accumulated several million dollars of cash and are looking for ways to invest that cash. We may need that cash in the near future so putting it to use in hiring or fixed assets that aren't easily converted in cash isn't an option right now. But with that - what are s…
5
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Forecasting Tool
Does anyone have a great forecasting tool for a production environment? Multiple products with varying schedules. Thank you, Nick
16
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Who's responsible for KPIs
Good morning! I am wondering what everyone's belief on who is ultimately responsible for setting KPIs for various divisions / departments? I am the VP Finance, and have been asked to come up with and set KPIs for the HR department (who I am not directly responsible for). I understand that I should …
7
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Domo vs Vena Solutions
I am looking at both these software platforms to provide KPI information to my executive team and to collaborate on projects across departments. I am looking to see if anyone has a comparison between these two platforms. Alternatively, if you have spec sheets on Domo or Vena solutions I could use t…
2
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How To Improve "The Devil's" Image Problem?
How can CFOs be seen as the voice of reason by Sales and Marketing who often view the CFO as "the devil?" This question was asked at a recent webinar, now available on-demand: "CFO to Chief Trusted Advisor: Earning that Role with Your CEO" Please add your thoughts about it below. Thanks!
20
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When should a start-up/venture capital company engage an investment banker to initiate a company buyout?
I am working with a company which has had some good things start to happen and in a few months finally start to see some sales growth and could potentially be very rapid growth. Is there a time it would be too soon to start looking at investors? What about bringing a strategic investor in for the s…
5
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Subscription billing software for SaaS
My client is implementing a SaaS solution and we are looking at Zuora as a possible solution. I would like feedback on Zuora as well as recommendations regarding other solutions. The company is using Quickbooks for its GL
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