Accounting
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Will volume discount for future purchase create an additional element for revenue allocation under EITF 08-1?
We're a software company. Recently, we've rolled out our subscription model in addition to our traditional on-premise licensing. In the first couple of months of marketing and selling, the sales team realized that there is strong demand from the market for additional discounts based on volume purc…
2
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Purchase Orders
We currently only use POs for merchandise and raw materials. We are contemplating requiring POs for everything, goods and services over some dollar threshold, say $1,000. We think it will save time for the accounting team who chase signatures and GL codes after the fact and of course speed up clo…
9
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Cloud-based Accounting Software for Clients
Does anyone have experience with cloud based accounting packages used for providing accounting services to multiple clients? What packages are most user friendly, cost effective, or flexible. Thanks for your insights.
6
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When should external auditors be included in the debt compliance reporting process to assure Year End (YE) Auditor's Certificate?
What are the best practices of leveraging your auditors expertise and knowledge on debt compliance? This question was asked by an attendee during the Proformative webinar "Best Practices in Debt Compliance & Case Study" held on March 28, 2013. Join the discussion and add your insights below.
1
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Billing system re-design
We are in the process overhauling our billing system, which is entirely spreadsheet based, manual intensive, very prone to error, with very limited analytics ability. We are a SAAS software vendor who sells licenses. there is prepay arrangement, i.e., fixed fee prepaid for a number of license…
5
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Foreign Exchange Contract system
We are manually tracking our foreign exchange contracts with regard to outstanding balances, expiration dates, accounting treatment. Our bank has limited reporting. Can you recommend a system or give insight into how you are managing the process?
2
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Revenue Recognition Daily Rate
I'm trying to find a source that explicitly states straightlined revenue needs to be done on a daily rate. Any help would be appreciated. I'd prefer something authoritative (FASB or SEC), though an accounting firm article or guide would be helpful as well. Thanks,
2
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Salary paid to the CEO
The CEO of the company I am working for takes the salary as an amount paid to her company. Should we book this as a consulting fee?
4
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Is it possible to export our existing accounting/ERP data that is in-house so that the transition to cloud accounting would be seamless? (Webinar Attendee Question)
This question was asked by an attendee during the Proformative webinar "What's Stopping CFOs from Moving Accounting To The Cloud" held on February 20, 2013. Please join the discussion and add your insights below. A video of the webinar can be viewed here https://www.proformative.com/resources/w…
2
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When our ISP goes down, all access to the cloud is gone. With an internal system, loss of ISP connection does not shut down internal systems. How do you address this concern? (Webinar Attendee Questio
This question was asked by an attendee during the Proformative webinar "What's Stopping CFOs from Moving Accounting To The Cloud" held on February 20, 2013. Please join the discussion and add your insights below. A video of the webinar can be viewed here https://www.proformative.com/resources/w…
3
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How Do You Plan the GL Account Coding Structure for Future Growth?
This question was asked by an attendee during the Proformative webinar “Webinar Video: Best Practices for Evaluating and Selecting Accounting Software" held on February 13, 2013. Please join the discussion and add your insights below. A video of the webinar can be viewed here: https://www.proform…
7
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Balance Sheet Presentation
Where is the proper place on the Balance Sheet for the GL account of Factored Receivables. Contra-Receivable or Short Term Lilablity?
4
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follow up to deferred charges question - see detail
My company is working with a consultant to generate Work Opportunity Tax Credits. 50% of the fee is paid at time of service, 50% is deferred until credit is utilized. both the 50% fee paid and 50% fee owed is contingent upon the company being able to utilize the credit. i.e. if IRS disallows a c…
2
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Accounting treatment of prepaid court costs
Our company prepaid a significant amount of court related costs to a German court. I am looking for guidance on whether to expense or record as a prepaid expense.
1
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Construction accounting
I have a near-term opportunity to land a relatively-small construction client for part-time CFO services. I have worked in construction although such experience is a number of years past. What would be good topics of discussion oriented toward construction accounting and finance?
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