PYMNTS

AUGUST 27, 2019

Also unique among CPAs and accounting firms is the need to offer gross deposits, meaning the processing fees are billed separately when CPAs are paid, for more precise accounting and reconciliation with their clients.

Cash Flow Forecasting 60

Cash Flow Forecasting Accounting Firms Accounting Standards Accounting 60

E78 Partners

SEPTEMBER 21, 2023

This is not just because of the intricacies and specificities required by the auditing standards but also due to the numerous challenges faced by organizations in the run-up to an audit. Furthermore, in an era of intricate financial landscapes, preparing for compliance with complex accounting standards becomes non-negotiable.

Auditing 52

Auditing General Ledger Reconciliations Accounting Standards 52

E78 Partners

JANUARY 5, 2024

Audits are an essential part of ensuring that a company’s financial statements are accurate and compliant with accounting standards. Perform balance sheet reconciliations monthly, review accounts receivable and payable aging, and verify accurate revenue recording.

Auditing 59

Auditing Valuation Concentration Reconciliations 59

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

CFO Share

MARCH 14, 2022

Audited financial statements focus on compliance with GAAP accounting standards, whereas Quality of Earnings reports focus on the company’s earnings history and potential. Reviews of account reconciliations, account aging, and composition. What is the difference between a quality of earnings report and an audit?

Auditing 52

Auditing GAAP Accounting Principles Profit and Loss 52

The Charity CFO

OCTOBER 9, 2024

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. Create a monthly reconciliation process between both databases.

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

Spreadym

AUGUST 10, 2023

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have.

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) Accounting Standards CFO 52

Bramasol

SEPTEMBER 8, 2024

Enhanced Compliance : Facilitates adherence to accounting standards and regulations, reducing the risk of non-compliance and associated penalties. The matching principle is supported inherently and therefore no periodic batch jobs are needed for reconciliation.

SAP 59

SAP General Ledger Compliance Accounting Standards 59

Future CFO

NOVEMBER 18, 2019

With new accounting standards, including, but not limited to, revenue accounting and lease accounting, organizations will need to integrate new application software with enterprise resource planning (ERP) to manage the complexities. Think about the outcome.

CFO 52

CFO Finance Reconciliations Accounting Standards 52

Planful

JUNE 3, 2021

Manual reconciliation is the most frustrating aspect of creating consolidated financial statements. A solid financial planning and consolidation platform that supports risk management and can handle the nuances of various accounting standards and multiple currencies. Transform the Finance Consolidation Process. The solution?

Compliance 40

Compliance Reconciliations Currencies Finance 40