FP&A
I am a commission only, outside sales person. After over 13 years at my company, they have put a tracker on us and are literally questioning every hour of our day and weeks.
An outside salesperson with 13 years of experience on pure commission states that the company recently began using tracking devices and questioning their work hours on an hourly basis for each day and week. Additionally, the company no longer allows remote work days and does not count such time toward daily work hours. The employee, working in the alcohol distribution industry, needs to create wine lists, beer menus, cocktail lists, and presentations at home, but these remote work hours are not counted toward daily work hours. The employee wishes to understand their legal rights as a 100% commission outside salesperson and seeks related advice.
Quickbooks cash reporting
Addressing the cash reporting needs raised by QuickBooks users, this article outlines common challenges in producing cash reports by department and category, and invites community members to recommend effective solutions.
What are the other qualifications can be studied after CMA
A practitioner who completed CMA certification in 2015 seeks advice on career advancement. This article outlines common subsequent qualifications such as ACCA, CIA, and CPA, analyzes their applicable directions and value, and helps readers make choices based on their own goals.
Pricing question - New contact manufacturing company creating a quote for brands?
A newly established contract manufacturing company needs to provide a manufacturing quote for 12,000 units of a product for a brand owner (such as a candy brand). Direct costs are known to be $1 per unit, but overhead and step costs have not yet been determined. The company considers using a 2x markup (50% profit margin) as the initial quote, with room to negotiate down to a 40% profit margin. However, since monthly production volume is unknown (possibly ranging from 12,000 to 72,000 units), the allocation of fixed costs (approximately $8,000 per month) becomes a challenge. This article explores whether fixed costs should be temporarily ignored during the period of uncertain production volume, and what pricing strategy should be adopted.
Contract signing athority
Regarding the issue of whether a company secretary, with full authorization to sign contracts, can sign a self-contract agreement (orally approved by the president) that is legally recognized, this article provides a professional analysis from the perspectives of authorization scope, conflicts of interest, the validity of oral approval, and corporate governance practices, and offers risk warnings.
Allowance for doubtful / bad debt expense / ytd writeoffs
A finance beginner, while reading the income statement, had questions about the relationships among bad debt expense, the allowance for doubtful accounts (a contra account), and the year-to-date write-off amount, and worried that management might use the allowance to manipulate profits. Based on the data provided, this article systematically explains the definitions, calculation logic, and interconnections of each metric, and points out the inherent risks of accounting estimates and audit responses.
How to account for product pricing changes
When a product's price is increased from x to x+(x*5%), financial records should reflect the latest effective price. This article explains, from both accounting principles and practical perspectives, why the new price should be recorded, and clarifies the difference between the original price and the new price.
What are the metrics to measure a company’s financial transparency?
Financial report transparency is a core dimension for investors and regulators to evaluate the quality of corporate information disclosure. This article systematically reviews the main indicators that can be used to quantitatively compare the financial transparency of two companies, including timeliness of disclosure, consistency of accounting policies, type of audit opinion, degree of earnings management, breadth of non-financial information disclosure, etc., and emphasizes that the selection of indicators should be combined with industry characteristics and the institutional environment.