CFO Thought Leader

JULY 31, 2024

Read More Going forward, a decision by White to specialize in finance, rather than following the traditional rotation between operational and financial roles, was initially met with skepticism inside the military. Early in his career, it was suggested that his focus on finance could limit his promotion prospects.

Finance 52

Finance General Ledger Education Accounting Standards 52

Centage

JANUARY 18, 2022

Users can define the formulas and flow as they please, which means they can inadvertently violate your business logic and/or established accounting standards. A modern FP&A solution with pre-programmed business logic and accounting rules prevents users from making such mistakes. Finance at the Speed of Business.

Budgeting 111

Budgeting Forecasting Financial Planning and Analysis (FP&A) General Ledger 111

https://trustedcfosolutions.com/feed/

APRIL 5, 2023

As your business reaches the end of each month, your finances require precise maintenance , but that also means diving headfirst into endless spreadsheets and financial statements —an absolute nightmare. Best Practices Your accountant is under a lot of pressure at the end of the month to manage the close in a timely manner.

General Ledger 62

General Ledger Reconciliations Accounting Standards Accounting 62

Bramasol

SEPTEMBER 8, 2024

Enhanced Compliance : Facilitates adherence to accounting standards and regulations, reducing the risk of non-compliance and associated penalties. Event-based revenue recognition is fully integrated with the General Ledger and the recognition data is stored in the same location as cost and revenue data.

SAP 59

SAP General Ledger Compliance Accounting Standards 59

Planful

OCTOBER 20, 2015

When you begin the process of closing, you start by exporting trial balance data out of the general ledgers or ERP software and collect the data into spreadsheets that have to be reviewed and processed manually. have an inbuilt understanding of the finance rules behind the operations. The built-in formulas, templates, etc.

General Ledger 40

General Ledger Accounting Standards Auditing Currencies 40

The Charity CFO

OCTOBER 9, 2024

Instead, accounting software prioritizes accuracy, standardization, and regulatory compliance. Accounting rules suggest (and your auditors would require) that this gift be made in writing. The verbal pledge does not meet accounting standards, so it should not be included in your accounting database.

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

Spreadym

JULY 10, 2023

The financial close process, also known as the accounting close process or month-end close, is a series of steps undertaken by an organization to finalize its financial records for a specific accounting period. These entries correct errors, allocate costs, or reclassify transactions to the appropriate accounts.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 52