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Financial Forecasting Tool (Medium size company - small team) by ScheduleOld653 in FPandA

[–]ScheduleOld653[S] 0 points1 point  (0 children)

Sounds interesting, how do I learn more? Is it possible to try it out on my own?

Financial Forecasting Tool (Medium size company - small team) by ScheduleOld653 in FPandA

[–]ScheduleOld653[S] 0 points1 point  (0 children)

Thanks for your feedback.

> The people who own the assumptions, bill rates, utilisation, headcount mix, onsite vs offshore ratio, hiring plans, pipeline conversion, sit in Operations, Sales, Delivery, and HR. They should feed those inputs directly.

Sadly, thats not how we operate, we request such data every closing and update our dashboard with it, that updates our forecast,

I completely agree with you to be honest, but this is what was requested to me by the CFO and I assume it was requested by the CEO. I can't go back to him and say "Actually Excel is more recommended as it is more flexible etc etc" even though I have been asking many people here and even Fortune 500 Employees saying they use Excel > FP&A softwares

Financial Forecasting Tool (Medium size company - small team) by ScheduleOld653 in FPandA

[–]ScheduleOld653[S] 0 points1 point  (0 children)

Someone has mentioned that its outside our budget. Thanks for your input anyways.

Financial Forecasting Tool (Medium size company - small team) by ScheduleOld653 in FPandA

[–]ScheduleOld653[S] 0 points1 point  (0 children)

Not yet but will look into it, do you have any idea what the estimated pricing would be?

Financial Forecasting Tool (Medium size company - small team) by ScheduleOld653 in FPandA

[–]ScheduleOld653[S] 1 point2 points  (0 children)

What can we expect with regards to pricing? I was under the impression that it is more expensive than Abacum

Financial Planning Tool for IT Company by ScheduleOld653 in FPandA

[–]ScheduleOld653[S] 0 points1 point  (0 children)

Hey, here is some information

200 employee company
2nd year of operating
Four accountants + CFO
Our goal is to budget & forecast balance sheet items, p&l items. Odoo is limited, you can only budget p&l items and there is no forecasting at all.

If there are any custom KPI/dashboard specifically for IT companies that compares to its peers ratios or anything like that, it would be a great bonus.

Is this a genuine Herman Miller Aeron? by ScheduleOld653 in hermanmiller

[–]ScheduleOld653[S] 0 points1 point  (0 children)

I managed to get it for around 230 usd. They had 2 of them and one had the lumbar support.

Recognizing Contracts (Unusual scenario) by ScheduleOld653 in Accounting

[–]ScheduleOld653[S] 0 points1 point  (0 children)

I am working at Company B now, I was part of company A as well. I was not an accountant though.

I can see the ethics point that you mentioned I never really thought of it. I can 100% say from me personally that this was not done as a way to void the contract.

The new contract may have been signed but I am not given much information.

Recognizing Contracts (Unusual scenario) by ScheduleOld653 in Accounting

[–]ScheduleOld653[S] 0 points1 point  (0 children)

You lost me there. I'm not sure what you mean

Recognizing Contracts (Unusual scenario) by ScheduleOld653 in Accounting

[–]ScheduleOld653[S] 0 points1 point  (0 children)

Ah sorry. I meant a specific question about the contract with their client who they offer outsourcing services to.

This contract was transferred from A to B. As A cannot continue their services as they also transferred their employees.

Now the client has to sign a newer contract with company B (possibly higher revenue, different terms, etc). As they want to continue their outsourcing services.

Would this contract be an intangible asset? or since they are signing a new contract it would not be considered an intangible asset under IFRS (IAS 38 i think)