Finance Team
Which finance team member was on the rowing team in high school?
Colin
The basic balance sheet formula is Assets = Liabilities + ?
Owners Equity
List 3 types of Kiln Revenue
Membership (different types), Event Revenue, Additional Services
What are the 3 main requirements for completing a Ramp transaction?
Receipt, memo, and budget
Which finance team member spoke Spanish as their 1st language?
Annie
What section of the balance sheet does accounts payable (AP) reside?
Liabilities
What is the term for the bottom line of the income statement that indicates a company’s profit or loss?
Net Income or Net Profit
How many days does a member have to pay before incurring a 10% late fee?
7 days
Which finance team member placed 2nd in an equestrian competition?
Roman
An intercompany receivable should maintain what type of balance?
Debit
What does EBITDA stand for?
Earnings Before Interest, Taxes, Depreciation, and Amortization
What is the % we charge for credit card payments via Stripe, our payment processor platform?
2.9%
Which finance team member lived in Samoa for 9 months?
Ben
Net Income from the prior year gets added to what balance sheet account?
Retained Earnings
What is the formula for calculating Gross Margin?
GM = Revenue - Cost of Goods Sold
List 3 forms of payment we initiate to vendors via Bill.com
Virtual Card, ePayment (ACH), Check, Wire
Which finance team member has never been to a Disney Park?
Adam
What accounting naming structure shares a name with a 1987 Nintendo action game with an Alien Heart as the end boss?
Contra
What is the term for a non-cash expense that represents the allocation of the cost of tangible assets over their useful lives?
Depreciation
How often does Xero automatically sync with OfficeRnD?
Every 6 hours