FP&A
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Auditor Job Search Advice
I am considering seeing a new position with reduced hours due to family obligations. My current auditor knows I am stressed at my current job due to long hours and trying to provide more support to a disabled sibling and mother. Would it be inadvisable to seek advice or possible job leads from my a…
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Expense Reports
New to the program. As the one who approves reports submitted I need to know what happens when I send a report. Currently I am the only one working within Concur so that it can be evaluated. I have figured almost all of it out except the submission. Our accountant is setup within Concur and she is …
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What skills do you feel are more important for success in Finance?
Here is an infographic that list several skills that drive career success for Finance? Which skill do you think is the most important?
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The dangerous MYTH of Shareholder Value Maximization as a goal and Valeant
What do you think of the following excerpts? The board of directors is influential in setting the tone and culture of an organization, of course, not to mention compensation packages for executives. Pearson, who also served as Valeant’s chairman, has said that the company’s responsibility is to max…
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Claiming expenses reimbursed on a 1099
I am an independent contractor on a 1099 and was required to do some travel where all flight, airfare and meals were expensed and reimbursed by the company that hired me. I received my 1099 and it includes the reimbursed amounts for expenses incurred during the business trips. Does this mean I can …
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Corporate Finance Training
Proformative launched its new Proformative courses today! Hooray for a new, great training platform for our wonderful users and members. This platform endeavors to help make you a better finance, accounting and treasury professional through on-demand courses taught by senior practitioners and subj…
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Is it preferable to finance a trading subsidiary through a loan from the parent company or a capital contribution?
We are an international start-up and funding was obtained by the parent company. In order to finance the trading subsidiary, would it be best to transfer the funds from the parent company in the form of a loan (repayable on demand with no interest) or a capital contribution? I understand there are …
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What subjects would you like to see presented via Proformative's free CPE webinars?
As one of the many contributors to Proformative's free CPE webinar series, we are always searching for not only new topics, but relevant topics to Finance and Accounting space, as well as cross-over fields. What would you like to see a subject matter expert speak about?
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Marketing Expenses?
Need a step in the right direction on how marketing expenses are typically classed, specifically professional fees (consulting, mailer campaigns) and printing & stationary cost (brochures/flyers/handouts) generated by the marketing department. Is the normal practice to book these against the ma…
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Do you have a white paper coming out soon on "Should payroll report to HR or Finance"?
Blair Cook advised that there was a white paper on the above subject but I cannot locate it. Blair delivered a course in Winnipeg last week and mentioned this. He spoke highly of your site and I have now become a member.
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Looking for insights on financial and reporting metrics for small enterprise SW company
I'm helping a CEO assess what financial reports and metrics would be most applicable to helping him better run his business. The company is on Quickbooks though doubt that really matters. I'm looking for feedback specifically regarding reports/metrics other companies might use. This is not a SaaS b…
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Cash Flow Statement & Cash Balance
I work at a growing startup and our actual cash balance (reconciles with quickbooks) does not tie to our cash flows cash balance (excel). We track revenue & inventory outside of quickbooks. I am wondering if anyone has ever experienced a similar situation and if so, what the best approach is to…
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Rental charge pricing strategy between HoldCo and OpCo
The Hold Co holds all capital assets (manufacturing equipments, etc) and rents them to Op Co for rental income. Except for such rental activities, it doesn't have any other business activities. What is the best pricing strategy to set the rental charge? My main considerations are: 1. Minimize the c…
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Accounting For SaaS Revenue Recognition
We are a SaaS based startup company, and have annual upfront invoicing. That means our customers prepay us for the services rendered in next 12 months. I want to know how do we book a contract in this particular situation. For eg- A SOW was signed for x amount in Jan 2016 with quarterly billing str…
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Should the CFO be a bank signatory?
Who should be bank signatory? Should CFO be part of joint signatory or exclude himself from signing?
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Accounting For Workers Comp Insurance Expense
Where should Workers Comp Insuance expense be on Financial Statement? Should it be included as a salary/payroll expense? My company has been just classifying as Insurance Expense, which also include property, g/l, etc. Seems like it should be broken out a little more. I appreciate your thoughts
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I am struggling to deal with my CEO who has questionable expense reports. Any ideas?
Who approves CEO expenses?
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SOX Compliance and the PDF Invoice
Our process is to take incomming invoices and match them up with approved PO's and Receivors/Packing Slips before inputting into our accounting system. This is all done electronically and PDFs are combined to create one document for clean/clear tracking and saving. One of our suppliers is sending s…
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How To Raise Money For A Startup?
Besides your own personal network, what is the best way to get investors for a startup?
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Looking for Travel Agency Recommendations
Hello - We are looking for an agency with reasonable fees. Most travel will be self-booked. Must have a strong mobile app and the ability to speak to a live agent. Domestic travel only. Travel spend is about $750k/year. Any recommendations would be greatly appreciated. We are looking into Egencia, …
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Should staff members be involved in formulating financial policies?
We are a community-benefit non-profit organization with a governing board and 6 staff members. We are in the process of formulating new financially-driven policies (such as travel & expense reimbursement policy, credit card usage policy etc). Should other staff members (non-finance) have the op…
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Public benchmarking statistics and metrics
What do you use as sources to gather macro/public data about your industry so that you can compare what you are doing with the bigger picture? I'm looking at this from the perspective of the CFO/CEO of private, SMB businesses (say $10mm to $100mm), not large public companies who may have dedicated …
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How many expense reports does your company process in a month?
I am newer to the expense processing and I process about 500-600 manual reports a month. Want to compare with other companies. These are Corporate credit card reports.
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Best programs for small companies to save on their travel expenses
I work for a small company i.e. (under $10 million in revenue) and we are looking for ways to save on our travel expenses i.e. (airfare, rental car & hotel). Our travel is mainly in California, however on occasion some to the Midwest too.
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