FP&A
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After Orlando, American Business Owners on Front Line of Terror
This is the tile of an article on Inc. Magazine. The title says it all. For whatever reason the number of shootings at businesses seem to be climbing at an alarming rate, be it criminal, interpersonal, hatred or terrorism. What are you doing, either personally or as a key member of your business to…
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New Accounting Manager Goals, Objectives, First Steps
I have been tasked with identifying changes I can help implement in a start up company as an Accounting Manager. What would be some key points to highlight/address first?
4
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What is actually meant by "collaborative budgeting"
I work for a $20 million dollar services company and am wondering what would a more collaborative budgeting process look like? What do the process options actually look like in your experience? I think we are rather collaborative, budgeting involves many people, but I may be alone in this belief. M…
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Why do businesses reimburse for travel meals?
A question I've often wondered, but never asked: why are businesses expected to pay for meals when employees travel? What is the logic involved? If I work from the office, I am either bringing my lunch or going out and buying it. So, why should the business pay just because I don't happen to be in …
18
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Is all fair in love, war and social media marketing?
I'll go out on a limb and say that we're all on LinkedIn. The degree we utilize it may be different, but I'd say we all have an account. For the past six months or so there has been a raging debate on what is or isn't professional on LinkedIn and what you can and can't do. Seems a little bizarre, b…
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Recommendations for replacement budgeting tool
Hello, I am wondering if you have an recommendations for replacing our current budgeting software. Currently, we use Microsoft Forecaster, which has ease-of-integration with our accounting software, Microsoft Dynamics GP. In the next couple of years, Microsoft will no longer release updated version…
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U.S. small business borrowing fell in April -PayNet
"The Thomson Reuters/PayNet Small Business Lending Index fell to 129.0, down from March's downwardly revised 135.1 and marking the index's seventh decline in the last 10 months. The PayNet index typically corresponds to U.S. gross domestic product growth one or two quarters ahead. The drop in borro…
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Should I show overbudget amount on fixed fee invoice?
If I go over budget on a fixed fee project for a client, should I show the cost overrun on the invoice as a discount so that the client sees the extra work that went into the project they are essentially getting for free? Would a client perceive this as additional value or would a client just think…
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Transfer Pricing Compliance Issues & Best Practices
What kinds of transfer pricing compliance issues should I be considering when establishing a cost plus intercompany service provider?
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CEO Equity Entitlement - Early Stage
A Venture Capital firm has verbally offered me the role of CEO for an investment it has made into a scientist's innovative industrial technology. The company has not been formed yet and patents are pending. I am being offered a salary and a 5% equity, I need some guidance on what the typical percen…
10
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Travel Policies For Flying
I work for a large asset management firm in Menlo Park, CA and am looking at our company travel policy as part of my cost management review. Travel is our second largest operating expense after compensation. Under our current policy, partners and principals are entitled to travel business class for…
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What is the best way to book travel for employees without corporate credit cards?
We are trying to make a SOP for booking travel details for employees without corporate credit cards, but we have not found a way that is easy and efficient. Ideas?
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Sales Return
I believe that Sales return reserve is either to be recorded as liability if the return is processed by paying cash, and is recorded as AR reduction if the company issues credits. What ASC guidance governs this rule? I cannot find the ASC codification. Is this considered right of offset?
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When is a "pro forma" really cooking the books?
I was tasked with preparing pro forma financial statements for 2013-2015 by a Board Member who is responsible for secure capital investment. I prepared these reports, which in excel, without wholesale changes to the QuickBooks file. I prepared the spreadsheets with columns labeled As Reported, Adju…
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Manager Approval Of T&E Reimbursement Eliminated - What Do You Think?
Manager's Approval | Removal of Manager's Approval in Travel and Expense Reimbursement Process - Is it good or bad? I have came across to this idea of removing the manager's approval in the expense reimbursement process. Once an Expense Report is submitted by an employee, it will go directly to F…
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Allowing Ear Buds At Work - Pros & Cons
Does anyone have experience not allowing employees to use head phones? What are the costs and benefits of this action? I began with my current company 6 months ago as the Controller. I manage a team of 5 who use head phones everyday. One employee has a very redundant job and the headphones are pro…
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Consolidation / Foreign Currency / Start-up
Hi Guys, I need to identify Saas based ledger systems that i can use for a new start-up with operations in US and Chile. Prfereable the Chilean ledger is in spanish and obviosly needs to deal with the local currency. Then i need an App that will consolidate the two so we can do monthly board report…
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Staples/Office Depot Scuttled Merger Controversy
"A federal judge on Tuesday blocked the planned merger of rivals Staples Inc. and Office Depot Inc. because of antitrust concerns, prompting the office-supply companies to say they would abandon the roughly $6 billion deal. U.S. District Judge Emmet G. Sullivan sided with the Federal Trade Commissi…
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Setting up a German subsidary
We are a UK based company who have recently conducted an equity finance deal with a German Telco. As part of the deal we have to set up a German based company. We are looking at setting up a GmBh but am wondering on the other factors to think about regarding the finances. As of now we are not reven…
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Legal Comp question
Company A hired Employee X with a comp package that includes stock options with the usual 4 year/1 yr vesting/cliff and double trigger. The package also includes a 4th year anniversary bonus. If the company gets sold (say on the 3rd year), would Employee X be entitled for the 4th year bonus as well…
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How to Set SMART Goals, Targets/Objectives for Accounting Department?
In the company we are working now, it's required that Manager of each department has to set up annual targets/objectives for the department. It's quite easy for Sales or Production department to setup their targets, but for Accounting Department, all the works are routined, and we always face diffi…
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Corporate Credit Cards - Separating Business Purchases From T&E
Hi - I know there are several threads regarding this topic. Currently, we have ~7 individuals (out of ~40) with business credit cards. The individuals use these cards for both business purposes & for T&E. For example, someone may make a purchase for office supplies but also book a flight on…
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Tech Valuations - Sometimes You To Wonder....
The WSJ's CFO Journal dated 5/2/16 starts of this way... "...WSJ’s Christopher Mims writes that the era of skyrocketing tech valuations is already over. We seem to be living through a period of suspended disbelief, as investors and entrepreneurs have yet to realize that the unicorn herd is under st…
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The owner of a small s-corp is using company resources for a personal project...
I'm working on developing KPI's to help gauge our performance, but this project is skewing our numbers. What's the best way to remove the impact of the project?
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