Finance

1. Where can I access the latest Profit & Loss (P&L) statements?

You can view the quarterly and annual P&L statements via the Finance portal under Reports > P&L Statements. For access restrictions, contact finance-support@yourcompany.com.

2. How do I request a custom financial report for my department?

Submit a request through the Finance Helpdesk with your required data fields, time period, and purpose. Expect a turnaround within 3–5 business days.

3. What’s the difference between CapEx and OpEx?

CapEx (Capital Expenditure) refers to funds used to acquire assets with long-term value, while OpEx (Operational Expenditure) covers day-to-day business costs like rent or salaries.

4. When is the annual budgeting cycle initiated?

The budgeting cycle begins each October for the following fiscal year, with departmental submissions due by November 30th.

5. What documentation is required for expense reimbursements?

You must upload itemized receipts, proof of payment, and a brief description of the expense. Missing documentation may delay processing.

6. How long does it take to receive expense reimbursements?

Reimbursements are processed within 7–10 business days after submission and approval.

7. What expenses are ineligible for reimbursement?

Non-business-related items like personal meals, alcohol (unless approved), and entertainment without prior approval are ineligible.

8. How can I track the status of my submitted expense claim?

Log into the Expense Management Tool and navigate to the "My Claims" section to check real-time status updates.

9. Where can I find my salary breakup and deductions?

Your detailed salary structure, including deductions, is available on the HRMS portal under Payroll > Payslips.

10. What are the corporate tax filing deadlines for our company?

Our corporate filings are submitted annually by June 30. Country-specific dates may vary; consult the Tax Compliance section of the portal.

11. How do I submit investment proofs for tax declaration?

Upload your documents via the Employee Tax Portal by January 31 each year to avoid higher tax withholdings.

12. What is the policy on revenue recognition?

Revenue is recognized when services are delivered or goods are transferred, in line with IFRS 15 or relevant local GAAP.

13. Where can I see previous audit reports?

Audit summaries are available on the internal Finance SharePoint under Compliance > Audit Reports. Full reports require CFO approval.

14. How do I report suspected financial irregularities?

You can report issues anonymously via the Whistleblower Hotline or directly email compliance@yourcompany.com.

15. What is our approach to forecasting cash flow?

We use historical data and departmental inputs to create rolling 12-month cash flow forecasts updated quarterly.

16. What is the escalation process for unpaid vendor invoices?

If invoices remain unpaid for 30+ days post-due, raise a ticket via Finance Support, or escalate to accounts-payable@yourcompany.com.

17. How do I access the ERP system (e.g., SAP, Oracle)?

Submit an access request through the IT Service Portal under the "Request Finance Tools Access" category. Manager approval is required.

18. What is the process for capital purchase approvals?

All capital purchases over $5,000 must follow the CapEx request workflow, which includes finance and procurement approvals.

19. What does our audit compliance cover (SOX, IFRS, GAAP)?

Our compliance checklist includes internal controls (SOX), international standards (IFRS), and reporting accuracy (GAAP).

20. What’s the deadline to submit vendor invoices for monthly processing?

Vendors must submit invoices by the 25th of each month for inclusion in that month’s payment cycle.

21. How do I differentiate between deferred and earned revenue?

Deferred revenue is payment received for future services, while earned revenue is recognized once services are delivered.

22. Where can I download my Form-16 or W-2 for tax filing?

These documents are downloadable from the Employee Payroll Portal under Documents > Tax Forms, usually available by May 15th.

23. How do I access the procurement policy and contract templates?

All procurement policies and legal templates are available on the Finance & Legal Hub in the intranet.

24. What is our policy on strategic investments and ROI?

Strategic investments are reviewed bi-annually with an ROI threshold of 15% over 3 years, aligned with the board’s risk appetite.

25. Who can I contact for delayed or incorrect payroll payments?

Please reach out to payroll-support@yourcompany.com or raise a ticket on the HRMS Helpdesk with your employee ID and details.