FP&A
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Stretching Out Supplier Payments
What is a good installment plan for our client who owes $45,000 for architectural and engineering services from one invoice? How far out would you take a payment arrangement? Would you require a signed agreement?
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Our biggest problem with our T&E software is getting "executives" to use the software correctly. They claim it's easier to just drop expenses into Excel. What can I do? (Webinar Attendee Question)
This question was asked by an attendee during the Proformative webinar "T&E Expense Management" held on August 7, 2012. A video of the webinar can be viewed here: https://www.proformative.com/resources/webinar-video-te-expense-management
1
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CEO Inaction Killing the Company: Final Thoughts
From Proformative: This discussion is part 3 of an ongoing conversation. Part 1: https://www.proformative.com/questions/ceo-inaction-killing-company-now-what Part 2: https://www.proformative.com/questions/ceo-inaction-killing-company-part-2 Continued: "We are all experienced CFOs on this site. For …
3
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CEO Inaction Killing the Company - Part 2
From Proformative: This discussion is part 2 of this previous conversation: https://www.proformative.com/questions/ceo-inaction-killing-company-now-what Continued: "I am trying to be cautious and not disclose too much information for anyone to identify the company, but Mike Haile, went right to whe…
4
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Planning and Forecasting Software
Would love to hear any thoughts on potential solutions for the following situation: Currently do annual planning entirely through excel - ultimately loading final plan to JDE and reporting during the year is done via exporting actuals from JDE and manipulating in excel. 2 key outcomes will include:…
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CEO Inaction Killing The Company - Now What?
If the CEO is unwilling to take action on the declining financial condition of the firm that calls into question the firm's viability in the short run (12-18months) is it the responsibility of the CFO to notify the shareholders? The CFO acknowledges that his/her actions would jeopardize their posit…
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Programs to Email Sensitive Documents?
We are looking for a solution to securely email sensitive documents to our investors. Would love to hear solutions that have worked for you. We would like to make this as seamless to our investors as possible - i.e. don't want them to have to remember passwords, etc. We have over 400 investors, so …
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How can a CEO of a small early stage company control travel expenses?
Especially if there is no budget floor or ceiling? How do you keep employees, consultants, and potential executive candidates from taking advantage of the company by traveling as they please and getting large expense reimbursements?
6
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Accounting For Customer Support
Is there any guidance on where customer support payroll expenses should go - COGS or Opex? We do not manufacture products, but the business is a subscription box rental company. Our operations/fulfillment payroll expenses are included in COGS but don't have clear guidance on where customer support …
3
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Valuation of Small Businesses
I am looking to gain exposure/experience in the valuation of small businesses. I have a particular interested in dental practices and insurance books of business. What valuation models are typically used? What are good sources of reading material? Any input is appreciated. Thanks!
5
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IRS 83(b) election
Not my strong suit here... Start-up private company. Currently not funded, so corporate officers get stock grants with a 4 year vesting schedule, with an immediate 25% vested. (Does this make it restricted stock?) My understanding is that as soon as you get vested (sign your contract) you file an 8…
2
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What's The Good & The Bad About Where You Work?
What do you especially like or not like about where you work and who you report to? I'm at a new company and would like to get some feel for what others really appreciate or really don't appreciate in a supervisor or work environment so I can make my team as happy and successful as possible. I kno…
10
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DSO Calculation Methods Best Practices
Wondering what your company's best practices and methods for calculating DSO? Currently, our company includes unbilled revenue or amounts from sales contracts that have been signed but no revenue has been generated yet. It appears this is skewing the calculation. We also only invoice customers …
24
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Negotiating A Distribution Agreement
Hi, I am the CEO of a start-up and came across your website. We are in talks with a Distributor about selling our product but have many issues concerning giving them Exclusivity for OEM and Aftermarket and whether they should pay a startup fee... Our tech product is new in this market and new in ge…
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Shortfall on 83(b) election
Client's consultant early exercised non-quals and then made an 83(b) election on the shares received (which are restricted/not yet vested) upon exercise resulting in an income event for the individual/deduction for the Company. The income event resulted in a shortfall (tax deduction was less than t…
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When To Require A Purchase Order?
What dollar amount threshold is needed before a PO is required to be generated? If my AP person got her wish there would be a requirement for a PO for every purchase but that would be not practical and a huge drain on labor to generate especially for $25 order. Our expenses after removing labor run…
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Forbes: EBITDA Is 'BS' Earnings
In an old article dated 2014, Brent Beshore lays out his perception of EBITDA and how according to people like Warren Buffet it means absolutely nothing. http://www.forbes.com/sites/brentbeshore/2014/11/13/ebitda-is-bs-earnings What's your opinion?
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JV Accounting for R&D
We are in the process of negotiating a development license where a big pharma company would pay the costs of continuing R&D on our project. Can someone provide guidance on how this would be accounted for? - is it revenue to us, then our costs incurred, or a reimbursement of our expenditures, o…
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Leasing R&D Equipment
We are considering leasing R&D equipment. I am wondering if we should consider the leasing guidance (FAS 13) if we lease equipment used for R&D purposes as R&D is typically expensed as incurred. Should we go through the FAS 13 criteria to determine whether it qualifies as a lease and th…
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What are the most competitive sources of debt financing secured by a portfolio of startup new ventures?
As majority of banks lack the capacity or inclination to evaluate the collateral value of a portfolio of interests in private companies, which are in varying stages of development, nontraditional and nonbank sources would be more probable sources for this type of finance. Which are the best ones to…
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Should I issue a 1099 to a vendor who we paid through an employee reimbursement
Our employee rented an apartment through an individual for business trips instead of staying in a hotel. We reimbursed our employee for the rent through our accountantable expense reimbursement plan. Do I need to issue a 1099 to the person who received the rent payment from our employee? What is th…
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How do I value Cause Marketing activities?
Are there any standard approaches to value the benefits reaped from Cause Marketing? For example, we might advertise that every time you buy one of our products we will donate $X to "Y" charity to end world hunger, fight a disease, etc. How do we calculate the benefit to us because we are affiliati…
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Virtual office in Singapore
My company is opening a virtual office in Singapore with no employee, I want to know if there is any rules, tax or accounting issue we need to know or be aware of.
2
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Zero Based Budgeting for the not-for-profit / non-profit space
I have a few non-profits I've worked on, and with some budgeting is a core function. With others they are very cash oriented, and budgets are almost non-sensical. Have you tried a ZBB approach with non-profits, and do you have tips for how to approach the topic in ways that work and the volunteers …
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Explaining Black-Scholes to non-finance folks
This question comes up periodically now that options pricing (and related share pricing) is getting to be more rigorous. The basic question is "how do they come up with that number?" Sure, I studied this in school, but does anyone have a resource to explain it in non-technical terms so that your av…
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