The Charity CFO

JULY 19, 2024

What is a Chief Financial Officer (CFO)? A Chief Financial Officer (CFO) is a senior executive in charge of the strategic direction and goal setting of a nonprofit’s accounting and financial management. Each role provides a unique set of skills and fills various financial needs of an organization.

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The Charity CFO

OCTOBER 9, 2024

This makes it challenging to create technology that tracks data for fundraising purposes while still following accounting principles. Let’s explore why these two systems will likely never fully integrate by considering their separate purposes and data requirements. Need some help interpreting your financial data?

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The Finance Weekly

MARCH 25, 2024

Big companies used to hog all the CFO action, but now even small and medium-sized businesses are jumping on the bandwagon. Why the sudden CFO craze? Well, CEOs are cluing in on the fact that having a financial expert on board can steer their ship in the right direction and spur business growth. As the Director of Amyris Inc.,

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The Charity CFO

JULY 12, 2024

Benefits of Accrual-Basis Accounting for Nonprofits Switching to accrual-based accounting can have a lot of benefits for nonprofit organizations. Many regulatory bodies and grantors require accrual-basis financial statements. Better transparency also helps you stay compliant with regulations or grant requirements.

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Spreadym

AUGUST 10, 2023

What is financial reporting software? Financial reporting software refers to specialized tools or applications designed to help organizations generate, manage, and present their financial data in a clear and organized manner. Exporting and Sharing: The ability to export reports in various formats (PDF, Excel, etc.)

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The Charity CFO

FEBRUARY 4, 2022

But the experience, responsibilities, and deliverables required of bookkeepers are very different from those required of accountants. . A bookkeeper records and organizes financial data; an accountant interprets and presents that data. . At The Charity CFO, we handle the books and all of your accounting needs.

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Future CFO

JULY 21, 2024

Now, beyond interpreting financial data, we’re now also embracing sustainability reporting and assurance – a rapidly growing field." While we need accountants with a strong foundation in accounting principles, data analysis skills, business acumen, we also need them to have a willingness to adapt to constant change.

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