FP&A
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Do I need to file an 83b on an ISO purchase (fully vested) 9 months out of the 409A eval?
Our attorney answers, "no, the stock is fully vested, ask your accountant." Our accountant says "I think it is a safe thing to do, because I have heard of the IRS cracking down on the valuation of stock in a public company, but ask your attorney." Our company is going through some significant chan…
5
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What's the best stock allocation for founders of a sporting goods product company?
The company is very small and will likely contract out the manufacture of its only product which has multiple configurations. Sales will likely be through Dick's Sporting Goods, Sports Authority, Play It Again and possibly Wal-Mart, K-Mart and Target. Celebrity endorsements are likely to help pro…
1
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What if customer refund is more than the original revenue
From time to time, we refund customers for the product returned/cancelled. There are occassions that the refund amount is more than the original revenue, due to distributor mark-up, or the arrangement with the customer originally to persuade them switching to our product. The difference between ref…
3
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Buying services with equity - should there be a risk premium?
I'm working with a company that provides services to other companies in exchange for a mix of equity + cash and am look for input on pricing the equity portion. For example, let's assume a client uses $10,000 dollars worth of a contractors time. The contractor decides they will accept $5,000 in cas…
8
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United States vs United Kingdom Business English
I just got off of a call with a financial person at a UK company. I used the term "reclass" (as in reclassification entries) and he asked me what was meant by this. Is this an unfamiliar reference abroad? Odd question perhaps, but no one else working at the same organization has asked.
6
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Is it possible for a start-up to use crowd funding as a funding source before going public?
Do you know of any start-ups who have successfully used it? Or any who failed?
8
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Are there any recommendations for a sophisticated SaaS timekeeping system?
We are a medium size non-profit with a seasonal staff. Headcount varies from 150 - 300 persons. System needs to be able to handle exempt and non exempts (hourly and per-diem) employees as well as multiple variables such as project, fund, location etc Prefer system that has good user-based reporting…
2
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What do you do when the Purchase Order Terms are outrageous
I just read the PO Terms from a potential customer. Not only were the terms outrageous, but were written just short of telling my client to pay the vendor for the privilege to do business. There were overly heavy handed confidentiality clauses, market rate clauses, insurance, inspection, indemnific…
12
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Best practices for implementing a Purchasing/Procurement Policy
Hello everyone, was curious if others have had any experience developing and implementing a purchasing policy from scratch. Here's a high level TOC I came up with: - Summary - high level overview of what policy covers and benefits - Scope - what policy applies to, what organizations/depts - Respons…
2
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Pre-purchase/Advance payment ways finance a capital project
Hello Proformative Community, My firm is a mid-market engineering company with offices in the US, UK and Brazil that's in designs and does the project management and training of specialized processing plants. We have a major foreign client who would like us to design, build and now operate a plant …
7
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Lot of banks prefer participative budgeting, any specific reasons?
Sometimes I feel that the whole process of participative budgeting makes the whole process very complex when it comes to certain organizations. For some organizations, it doesn't work. Any advice on when to go for this option?
2
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M&A Information
What information should a company provide a potential acquirer prior to an offer being made. This is information before you go into the due diligence phase. All of the information provided is under NDA but is there any data that I should avoid providing even though the acquirer is asking for the it…
3
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Corporate Expense Reporting Software
We are a global non profit with about 250 employees with corporate credit cards and expense reporting responsibilities. We have heavy international travel and primarily use VISA in USD (from Wells Fargo) or GBP (from Barclays). We need a system that requires our staff to be accountable, allows for …
8
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Anyone familiar with Export-Import Bank of the US
I was wondering if any member is familiar or has had dealings with Export-Import Bank of the US. This gov't agency claims to assist in reducing credit risk in export sales to foreign countries. Can you anyone attest to their services? Thanks in advance.
11
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Doing Business In Argentina - Establishing A Subsidiary
We are a mid-market IT services firm looking to establish a subsidiary for offshoring certain components of our business in Argentina. We plan to transfer a few employees down there along with a local hire from Buenos Aires to start up the practice. Does anyone have any advice or concerns from prio…
1
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Doing Business In Malaysia
Wanting to hire Malaysian employees, but will not have a physical facility in Malaysia. Any recommendations for payroll providers who can process payroll and look out for regulations.
4
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What type of corporate finance or accounting checklist do you need?
Proformative offers a wide variety of helpful resources, such as whitepapers, videos, webinars, sample policies/documents, slide decks and a growing collection of checklists, including: Acquisition Due Diligence Checklist Month End Checklist Year End Checklist Venture Fund Compliance Checklist …
1
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Accounting System Recommendation
What is a good accounting system for a small business (~ 40 employees) that integrates with a CRM system, does commissions and manages inventory? Do they need an ERP system to do all these things? If so, what's an affordable one for a small business? Thanks!
5
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Looking for merchant service provider with adequate credit card deposit reporting
My company has just begun taking credit card as a form of payment through an online registration system (online only). I use Flagship as the credit card processor and had a huge surprise when I first started seeing the credit card deposits appear on my bank activity statement because when I ran the…
3
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CFO Fraud
Or.... "How a CFO landed in prison" an article in Fraud Magazine (http://www.fraud-magazine.com/) Jan/Feb 2013 tells the story of a CFO whose misddeeds ended his career. "The perils of asset and revenue overstatements (and other schemes)... A CFO, bullied by the CEO, used creative accounting and fr…
2
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Best Dashboard for QuickBooks in a Real Estate/Distressed Debt Environment
I am seeking some advice regarding financial dashboards. I am working with an entrepreneurial company that owns various real estate (primarily purchased single family REO, office buildings and small commercial properties acquired through foreclosure on purchased notes), real estate related (purchas…
2
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How much cash reserve?
I run a technology startup. We provide contract services work, so revenue usually comes in as the work is performed. What is a typical amount of cash reserve for this kind of business model? 3 months, 6 months, more? Also how far out do you expect the booked contract to go?
8
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Determine the period over which the capitalized devlepment costs are to be amortized
Hi there, I work for a SaaS company and we are capitalizing development costs in line with ASC 350-40. Could some one please direct me to some material and/or literature that deals with determining the # of years to amortize i.e. the methodology to be followed by the Management to determine the # o…
6
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If you allow BYOD cell phones, do you pay the employee for part of the cost?
I'm working at a new employer. We have some employees that we provide cell phones for, but some employees want to use their own phones and the company has been paying toward the cost of the phone ($200 allowance) and capitalizing that allowance. This seems odd to me - does anyone else do this?
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