Latest news
Facing rapid expansion, enterprises urgently need to establish robust FTE headcount planning and forecasting processes. This article focuses on core issues such as planning software selection, incorporating compensation and start dates into forecasts, integration methods with HR, the role of finance in staffing committees, and the application of payroll systems, soliciting and organizing industry best practices and recommendations.
Should Amazon seller fees be classified in accounting as revenue deductions, cost of goods sold (COGS), or selling, general, and administrative expenses (SG&A)? Based on practice and standards, this article explores their direct cost attributes and points out the applicable scenarios for different treatment methods.
An enterprise plans to partner with Concur to automate its expense reimbursement process. To evaluate the vendor's performance, the enterprise solicited usage experiences from existing users. This article organizes relevant discussion points, covering product features, implementation services, ease of use, and potential issues, while preserving the original context of the inquiries.
A friend's business has only three types of transactions each month: distribution income from a joint venture account, loan repayments, and bank fees. When applying for a loan, he needs to prepare an income statement. This article analyzes the preparation method for such a simplified scenario, highlights key points such as distinguishing between principal and interest in loan repayments and confirming the nature of distribution income, and recommends consulting a professional accountant to ensure compliance.
Online fake receipt generators, templates, and creation services have formed a gray industry chain. Based on industry observations, this article analyzes the difficulties and prevalence of detecting forged receipts in corporate expense reimbursements, serving as a warning for financial internal controls.
Two companies under the same actual controller (a property management company and an airline) have monthly rent transactions. The finance staff asks whether they should continue issuing invoices and making month-end closing entries, or directly record the amounts in the related-party receivable/payable accounts upon invoicing. This article clarifies the applicable logic and considerations for both approaches.
A user called Bank of America to inquire about a procurement card (P-Card), but the customer service representative said they had never heard of the product. This phenomenon reflects the significant differences between procurement cards and ordinary credit cards in terms of target users, usage scenarios, and industry awareness. Starting from this real case, this article outlines the key differences between the two.
A practitioner is assisting a company that has not yet systematically addressed internal controls, documentation, and compliance issues, seeking Sarbanes-Oxley Act checklists, recommendations, or reliable references to drive the development of organized processes.
The company plans to transition from non-inventory accounting to inventory asset accounting, covering retail, drop-shipping, and installation projects. The project lead raises five key questions: whether multiple departments need multiple inventory asset accounts, whether installation projects should use WIP accounts, COGS handling for mixed invoices, accounting methods for miscellaneous hardware and non-inventory items, and account selection for drop-shipping when inventory is not physically held. The article aims to solicit external professional opinions.
The accounting treatment for the grant of restricted stock units (RSUs) involves recognizing compensation expense and the corresponding equity or liability. This article, in a Q&A format, illustrates the standard accounting entries for RSU grants with examples, emphasizing key points in expense recognition and deferral treatment.