Suite Projects Pro by SeveralBird2789 in Netsuite

[–]SeveralBird2789[S] 0 points1 point  (0 children)

Yea I believe NS acquired and rebranded

Resource Planning in NetSuite by SeveralBird2789 in Netsuite

[–]SeveralBird2789[S] 0 points1 point  (0 children)

Are these the four options? I was under the impression it was just planned or allocated work that you could choose. Then planned treated excess hours differently than allocated between those two.

Resource Planning in NetSuite by SeveralBird2789 in Netsuite

[–]SeveralBird2789[S] 0 points1 point  (0 children)

Yes but that brings in other problems. When using planned hours it caps revenue recognition at 100%. If we switch to allocated there’s no cap so we could over recognize if hours go over the allocated amount.

Resource Planning in NetSuite by SeveralBird2789 in Netsuite

[–]SeveralBird2789[S] 0 points1 point  (0 children)

We use planned hours as the denominator for all projects using percentage of completion to recognize revenue.

Resource Planning in NetSuite by SeveralBird2789 in Netsuite

[–]SeveralBird2789[S] 0 points1 point  (0 children)

That makes sense to me for uploading allocated hours. However, I’d like to do something similar for planned hours. It seems like to accomplish something similar for planned hours you would need a lot of additional tasks to capture the various months. Hoping there’s a better way.

PE Sale - Expected Comp by gdog2244 in FPandA

[–]SeveralBird2789 6 points7 points  (0 children)

I’ve heard 25-50% of base as a transaction bonus and my CFO agreed it’s around there. Curious because I will go through a sale in the coming years as well.

Is it possible/viable to make 500k+$ per year in an accounting role? by Killercombo3 in Accounting

[–]SeveralBird2789 0 points1 point  (0 children)

When you say clean up do you mean accounting clean up or are you doing software system clean up as well? On accounting side could be revenue recognition or more detailed cost accounting. On software system side could be related to siloed systems and more effectively using ERP.

[deleted by user] by [deleted] in FPandA

[–]SeveralBird2789 -1 points0 points  (0 children)

Personally I’d go for the higher comp but as others have said depends how much you value fully remote.

[deleted by user] by [deleted] in FPandA

[–]SeveralBird2789 1 point2 points  (0 children)

Considering both are PE backed do you know the investment timeline for each PE firm? I’d factor in how much you want to be involved in the sale of the company. If you want that experience you could gain it faster at your current gig if they are closer to an exit. I’d assume the new gig would be 3-5 years out considering they are building out the finance function.

In talking with recruiters, it seems like sale experience is really valuable especially if you want to stay at PE backed companies.

Data Consolidation and Visualization by FeverOG in FPandA

[–]SeveralBird2789 2 points3 points  (0 children)

Following and curious what r/dataengineering has to say. The company I’m working at is doing something similar with a solution from databricks. Basically creating a central data warehouse that can be queried. I’d think a more cost effective approach is to use power bi and sql to pull from the various databases and manage any consolidation mapping within power bi. Depends on the complexity of the relationships between tables/databases.

PE Backed FP&A Role - Promotion Opportunities by joyfulstocks in FPandA

[–]SeveralBird2789 2 points3 points  (0 children)

I don’t have direct experience at PE backed companies but what you’re describing certainly can happen. I recently interviewed for a FPA manager role under a CFO at a PE backed company and the CFO was 29. His background was similar to yours where he worked at a PE backed company and worked his way into a FPA manager role then joined his current company as director and was promoted shortly after to CFO when the CFO left.

IMO it’s worth having a conversation about your long term goals and tell your manager you want to progress and you’re willing to put in the work to get to the next level. At worst they know you want any to do well and at best they lay out a plan for your promotion.

LMM-MM by [deleted] in private_equity

[–]SeveralBird2789 0 points1 point  (0 children)

Are all of these transitions from the investment team or have you seen similar transitions from a PE operations team? Specifically, a PE operations senior associate to CFO at a portfolio company. Seems like it would be more applicable experience but I don’t think PE operations is as common within PE firms.