property, plant and equipment schedules

I’m so excited!  A client of mine is moving into new digs soon and it is a fantastic location, bright open layout concept and, on the surface, makes them look like an established software company.  Yeah!  During the move discussions the Controller pulled me aside and asked me:
how will this affect our property, plant and [...]

help with valuing convertible notes?

Congratulations!  You and your team just secured some money in the form of a convertible note.  For those of you who may not be familiar with this, a convertible note is a debt instrument that can be converted into stock at the option of the holder.  It’s considered debt because until the note is paid [...]

obsessed with taxes?

OK, yes, as an American living in Canada I am obsessed with my personal taxes right now.  Not to mention my US taxes are due tomorrow but my Canadian taxes are due by April 30th but I have to file in Canada before I file in the US because they get the majority of the [...]

revenue recognition - better get on it

When you first start out all you really care about, from a revenue perspective, is invoicing customers and receiving the cash.  Most sales people call the invoicing “bookings” or just “sales” which is very different from “revenue”.  The term “revenue” implies (a) GAAP is at play, which you will have to switch to eventually, and [...]