Bramasol

JUNE 10, 2022

The choice of which approach to use depends on a variety of factors such as the number of accounts or ledgers that are needed for managing multiple entities within the overall organization. Other key factors include where the company stands with regard to implementing new accounting standards (ASC 606, IFRS 15, ASC 842, IFRS, 16, etc.)

Accounting Principles 78

Accounting Principles IFRS Accounting SAP 78

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.

Budgeting 111

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

CFO Network

SEPTEMBER 9, 2022

The nightmare for accountants and businesses alike is a growing issue. The financial data, in particular, makes it a prime target to hackers who want your information- whether you’re an individual or a company! What is a more secure way to store financial data? Train Your Staff.

Securities 52

Securities Accounting Accounting Standards CFO 52

Beacon CFO Plus

NOVEMBER 30, 2023

Communication and Coordination: The CFO and the accounting firm should coordinate to ensure that financial data is accurate, up to date, and compliant with regulatory requirements. They should have a clear process for sharing information and data.

Accounting Firms 52

Accounting Firms CFO Accounting Prioritization 52

The Charity CFO

OCTOBER 9, 2024

Instead, accounting software prioritizes accuracy, standardization, and regulatory compliance. Generally Accepted Accounting Principles, or GAAP , is a set of standardized accounting rules and guidelines that govern how you report financial information. Need some help interpreting your financial data?

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

CFO Leadership

OCTOBER 18, 2023

System and Organization Controls (SOC) reports are critical components in the controls infrastructures of any company relying on third party systems and applications in the production of financial data and reports. With a large and diverse enough data set (e.g.

Accounting 52

Accounting Finance Auditing IFRS 52

The Charity CFO

MAY 11, 2023

Properly evaluate each company and their credentials before letting go of your financial data. You may also choose to outsource certain aspects of your accounting that may require less immediate access. Security Concerns The financial data of an organization is incredibly sensitive.

Nonprofit 52

Nonprofit Communication Auditing GAAP 52

The Finance Weekly

APRIL 28, 2024

All from within Excel, Connect equips users to import live data from all ERP systems, effortlessly construct reports, and access all ERP data from your spreadsheets. Key Features Datarails Connect offers AI-powered financial data analysis within Excel, providing real-time insights and easing IT burdens.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Invoicing Budgeting Finance 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.

Financial Planning and Analysis (FP&A) 52

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

Spreadym

JUNE 27, 2023

Budgeting involves allocating resources and setting financial targets for various departments or business units within the organization. Financial Analysis: FP&A professionals conduct in-depth analysis of financial data to assess the organization's performance and identify areas for improvement.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning Financial Analysis Budgeting 52

Spreadym

JUNE 13, 2023

By using the chart of accounts, organizations can ensure that financial information is recorded in a logical and structured manner, facilitating efficient bookkeeping, financial analysis, and compliance with accounting standards and regulations.

Accounting 52

Accounting Financial Analysis Compliance Financial Reporting 52

Planful

JUNE 3, 2021

Use Planful to centralize multiple data types, from trial balance summary and transaction details to non-financial data such as employee information. To learn more about Planful’s data-integration capabilities, read our white paper on Data Integration with Planful: Creating a Single Source of Truth.

Compliance 40

Compliance Reconciliations Currencies Finance 40

The Charity CFO

AUGUST 15, 2023

Accountants typically work closely with external auditors during the annual audit process. This ensures all of the financial statements are accurate and meet accounting standards. Nonprofit Expertise is Crucial The roles of an accountant are essential to keep a nonprofit moving towards its mission.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

Centage

JANUARY 9, 2024

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

Forecasting 40

Forecasting Budgeting General Ledger Planning 40

CFO Talks

MARCH 12, 2025

Following updates from CIBA and regulatory authorities helps professionals understand changes in financial laws, tax rules, and accounting standards. Cybersecurity awareness is also essential, as protecting financial data from fraud and cyber threats is now a fundamental part of financial management.

Finance 52

Finance IFRS Compliance Financial Modeling 52