The Charity CFO

OCTOBER 9, 2024

For nonprofits, GAAP ensures transparency, accuracy, and consistency in financial statements. Accurate and transparent financial data makes it easier for stakeholders and regulators to understand an organization’s financial health. Need some help interpreting your financial data?

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

Beacon CFO Plus

NOVEMBER 30, 2023

Define Roles and Responsibilities: The CFO typically focuses on financial strategy, planning, and management, while the accounting firm handles compliance, audits, and financial reporting. They should have a clear process for sharing information and data. Keep in mind the things a fractional CFO will not do.

Accounting Firms 52

Accounting Firms CFO Accounting Prioritization 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. The financial close process is crucial for ensuring accurate and reliable financial reporting.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 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. Here are some key practices.

Accounting 52

Accounting Financial Analysis Compliance Financial Reporting 52

CFO Leadership

OCTOBER 18, 2023

Whether ChatGPT applications could pass a SOC-1 audit, a crucial certification for control over financial reporting, remains to be seen. With a large and diverse enough data set (e.g. SEC filings, GAAP documentation, FASB accounting standards, IFRS standards, PCAOB, FINRA, etc.),

Accounting 52

Accounting Finance Auditing IFRS 52

Spreadym

JUNE 27, 2023

Financial Analysis: FP&A professionals conduct in-depth analysis of financial data to assess the organization's performance and identify areas for improvement. This includes analyzing revenue and expense trends, profitability, cost drivers, key performance indicators (KPIs), and financial ratios.

Financial Planning and Analysis (FP&A) 52

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

The Finance Weekly

APRIL 28, 2024

Also, the subscription service comes with cool features such as follows: Keeping tabs on inventory Sorting out your books Sending out invoices smoothly Managing payroll Dishing out financial reports Linking up with other apps for a seamless workflow Plus, you can share access with different permissions for your team.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Invoicing Budgeting Finance 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. Get the free guide!

Nonprofit 52

Nonprofit Communication Auditing GAAP 52

The Charity CFO

AUGUST 15, 2023

To support and maintain the organization’s tax-exempt status, nonprofit accountants have to understand and adhere to IRS rules for: Tax-exempt organizations Reporting requirements Maintaining proper documentation Reporting Financial reports and statements provide a transparent view of the organization’s financial performance.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 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

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