The Charity CFO

APRIL 5, 2022

If you’re like many people, you probably think that there is a single set of accounting rules that every company must follow. . But that’s not quite true—nonprofits face a decision between 2 different accounting methods for tracking their financial activity: cash accounting vs. accrual accounting.

Nonprofit 98

Nonprofit Accounting GAAP Auditing 98

The Charity CFO

APRIL 1, 2024

Implementing technology into your nonprofit accounting process can help solve a variety of issues—from tracking receipts to properly recording donations. In most cases, technology helps improve the efficiency and accuracy of nonprofit accounting. Nonprofits are subject to a lot of legal and financial scrutiny.

Nonprofit 52

Nonprofit Accounting CFO Accounts Payable 52

The Finance Weekly

FEBRUARY 11, 2024

It's crucial for small businesses to maintain good cash flow by managing finances and staying updated on Accounts Receivable (AR). Typical Hurdles in Handling Accounts Receivable Accounts Receivable is the money that a business is waiting to receive from customers for products or services already provided.

Accounting 52

Accounting Invoicing Accounts Payable Budgeting 52

CFO Network

MARCH 11, 2024

Accounts Payable Management: Ensuring Timely Payments Another critical aspect of cash flow management is managing accounts payable effectively. Neglecting accounts payable can result in missed payments, damaged vendor relationships, and even disruption of essential supplies or services.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Invoicing Forecasting 52

CFO Share

JUNE 18, 2024

Be Selective with Software Integrations In today’s digital landscape, nearly every software offers integrations with accounting platforms. While it might seem easier and more accurate to integrate everything, the truth is most accounting integrations are unnecessary or burdensome.

General Ledger 105

General Ledger CFO Accounts Payable Financial Data 105

PYMNTS

DECEMBER 14, 2020

Amid market volatility, organizations are finding it imperative to accelerate their accounts receivables while extending accounts payables and still maintaining positive buyer-supplier relationships. Achieving real-time data analytics is a lofty goal for organizations without the proper tools. Many Moving Parts.

Accounts Payable 123

Accounts Payable Cash Flow Forecasting Invoicing Prioritization 123

PYMNTS

MARCH 19, 2020

Automation in small business accounting can certainly be beneficial, but when a cloud-based accounting platform remains within the confines of its own interface, there can be unexpected friction that prevents business owners from gaining real-time financial insights. Elevating Functionality. Siloed Platforms.

Accounting 62

Accounting Invoicing Accounts Payable Financial Data 62

CFO Share

JULY 16, 2024

A controller primarily oversees accounting processes, ensuring accurate financial records and compliance with regulations. In contrast, a CFO is a more strategic financial professional, focusing on long-term planning, investor relations, and overarching financial strategy.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) CFO Compliance General Ledger 98

The Finance Weekly

NOVEMBER 8, 2022

From accounting and payroll management to budgeting and forecasting, finance is the reason and numbers behind every bit of data that passes through the organization. Here are the 7 best finance software solutions broken down into different categories: 1) Accounting. Perhaps there is no bigger name in accounting than Intuit.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Finance Accounts Payable Invoicing 98

Future CFO

AUGUST 1, 2023

Companies are increasingly seeking secure and compliant solutions to manage their financial data. As a result, the market for cloud-based financial applications in the region will witness significant growth in the coming years.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

PYMNTS

JULY 29, 2019

The complexities of business transactions not only mean various financial functions, from accounts payable to payroll, are stuck in their own silos — it can often mean more silos within those disparate systems. Most enterprises … have many disparate systems, ranging from accounting to payroll to banking to taxes, etc.,”

Accounts Payable 73

Accounts Payable B2B Invoicing Accounting 73

PYMNTS

JANUARY 18, 2021

The advancement of enterprise digitization has given rise to a deeper understand of the importance of financial data for business leaders. In other words, accounts payable transactions are highly interconnected to other areas of the enterprise as well as business partners outside of the company. Marrying AP With Banking.

Accounts Payable 66

Accounts Payable Banking Invoicing Corporate Finance 66

The Finance Weekly

DECEMBER 22, 2022

In 2023, organizations may focus on investing in technology that addresses specific pain points and offers a clear return on investment, such as spend management or accounts payable, rather than broader, more comprehensive investments like enterprise resource planning platforms, according to Born. “I

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Finance Accounts Payable Prioritization 98

PYMNTS

MAY 13, 2020

Financial instabilities that many companies are facing due to the pandemic has made compensation delays even more painful to suppliers. Manual AP processes give little insight into companies’ payments obligations or financial statuses. Deep Dive: Ho w AP Automation Enables More Informed Investment Decisions. About The Tracker .

Invoicing 79

Invoicing Accounts Payable B2B Budgeting 79

https://trustedcfosolutions.com/feed/

FEBRUARY 11, 2023

Sage Intacct and more modernized systems are building the foundation for continuous accounting without the need for ongoing work — data calculations, reconciliations, and the collection of financial information — from your finance staff. Make the Move to the Cloud Gain access at your fingertips.

Accounts Payable 62

Accounts Payable Reconciliations Leverage CFO 62

The Charity CFO

FEBRUARY 4, 2022

Do a Google search on nonprofit bookkeeping, and you’ll find page after page of articles on nonprofit accounting. Because while nonprofit bookkeeping and accounting are related, they’re not the same thing. A bookkeeper records and organizes financial data; an accountant interprets and presents that data. .

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Nonprofit Invoicing General Ledger GAAP 98

PYMNTS

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. He pointed to financial reporting as one example of this shift. Modernizing the ERP.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

The Charity CFO

MARCH 27, 2024

QuickBooks is a popular accounting software used by businesses and individuals nationwide. And you might be wondering if you can use QuickBooks for your nonprofit accounting. For-profit businesses often don’t have to follow the strict accounting rules of an exempt organization. Nonprofits also need to record expense receipts.

Nonprofit 40

Nonprofit Accounts Payable Compliance Invoicing 40

PYMNTS

DECEMBER 1, 2020

APIs and accounts payable (AP)/accounts receivable (AR) automation are revving up the speed of money and financial data to a pace more in line with pandemic-era market demands. It’s making a major difference. Real-time payments are advancing … quickly in the U.S., Corporate Treasury Needs More Love.

Treasury 64

Treasury Accounts Payable B2B Invoicing 64

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

MAY 10, 2024

Although bookkeepers are not professional financial planners, they can use their intimate knowledge of your transactions to assist business cash flow management. List All Accounts Receivable (AR) Due by Week (bookkeeper) : This includes customer payments that are expected to come in and will directly impact your cash inflow.

Forecasting 52

Forecasting Cash Flow Forecasting Invoicing Accounts Payable 52

PYMNTS

DECEMBER 17, 2019

For AccountsIQ, the latest embrace of open banking comes in the form of a collaboration with TransferMate , which has now integrated cross-border payments capabilities directly within AccountsIQ’s accounts payable portal. “In the middle market, businesses are becoming more international,” he said.

Marketing 52

Marketing Accounts Payable Foreign Exchange Invoicing 52

PYMNTS

JULY 23, 2020

In accounts payable, you have to get the payments out and you have to print and mail checks. CFOs and CIOs are notoriously controlling about financial data ; it’s in their job description. Anderson has now closed the office a second time, and OnPay staff is working from home again. New Opportunities, New Risks.

Accounts Payable 60

Accounts Payable Invoicing CFO Accounting 60

The Finance Weekly

MARCH 13, 2022

Based on AI and Machine Learning capabilities, the DataRails’ solution provides real-time financial consolidation and advanced data visualization, through intuitive and simple implementation. For the first time, all financial data is uploaded to the cloud, providing continuous agility and content sharing.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Investments CFO Accounts Payable 52

PYMNTS

JUNE 22, 2016

In B2B payments, accounts payable automation is a hot topic, as are the challenges AP professionals face when it comes to paying suppliers and managing the data from those transactions. But as Corcentric and IOFM revealed, the accounts receivable department may not have total control over its ability to get automated.

Accounting 42

Accounting Invoicing Reconciliations Accounts Payable 42

PYMNTS

JULY 23, 2019

But that accounts receivable bottleneck isn’t a liquidity problem isolated to the U.S. But according to Billie Co-Founder Aiga Senftleben, in order to break the cycle of delayed vendor payments, solution providers cannot tackle the problem from only an accounts receivable (AR) or accounts payable (AP) perspective.

Accounts Payable 58

Accounts Payable Invoicing B2B Finance 58

Centage

SEPTEMBER 6, 2022

So, why are so many companies relying on them to handle their financial needs? While there are many alternatives to spreadsheets, some organizations still consider them an important part of their accounting procedures. Widespread Use of Spreadsheets In past years, Microsoft Excel has dominated the business world.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

Spreadym

AUGUST 17, 2023

A financial reporting dashboard is a visual representation of financial data and key performance indicators (KPIs) presented in a consolidated and easily digestible format. This allows for a personalized view of the financial data. This helps users stay informed about critical changes in financial metrics.

Financial Reporting 52

Financial Reporting CFO Cash Flow Forecasting Budgeting 52

PYMNTS

AUGUST 9, 2019

That’s what makes the marrying of front-office finances with back-office finances so valuable for this space, according to Teri Wilson, general manager at restaurant accounts payable technology firm Sourcery. At first glance, the synergies between a point of sale (POS) and accounts payable solution may not appear clear.

Accounts Payable 43

Accounts Payable Invoicing Reconciliations Finance 43

PYMNTS

MAY 25, 2016

If you think of the rise of corporate America over the last century, the function of the accounts payable department probably doesn’t come to mind as one of the main players. In an age of disruption, innovation and near-constant change, accounts payable has become a way for businesses to retain control and strategy.

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Accounts Payable Invoicing Accounting Prioritization 46

PYMNTS

APRIL 23, 2019

. “Basware’s networked source-to-pay solutions, eInvoicing and innovative financing services empower organizations with 100 percent spend visibility by enabling the capture of all financial data across procurement, finance, accounts payable and accounts receivable functions.”

Accounts Payable 43

Accounts Payable Budgeting Compliance Accounting 43

PYMNTS

JUNE 8, 2020

Other FIs are offering open banking out of necessity, with governments and regional lawmakers requiring its adoption and that consenting customers’ financial data is made available to third-party payment service providers. Educating account holders about threats can be especially effective in foiling phishing attacks, for example.

Banking 60

Banking Accounts Payable Securities Accounting 60

Creative CFP

AUGUST 11, 2020

Essentially, the investor wants to assess your business’s financial risk profile. This is a combination of business and financial data about your company that helps the investor decide whether or not to invest. Sales growth is a measurement of the rate of change in sales from one comparable accounting period to the next.

Investments 52

Investments Accounts Payable Benchmarking Cash Flow Forecasting 52

PYMNTS

MAY 11, 2018

But the aggregation of troves of data points is a monumental task – let alone sorting, analyzing and making sense of that information. The issue, said Alexander Rinke, co-founder and CEO of Big Data company Celonis , is that oftentimes, businesses approach the analytics process by relying on static data points. ”

Accounts Payable 40

Accounts Payable Treasury SAP Forecasting 40

PYMNTS

DECEMBER 13, 2018

The problem can be traced back to data: as organizations scale, either through organic growth or M&A, they’re taking on more financial management platforms and opening more bank accounts, leading to fragmented storage of financial data. Open banking is not a regulatory requirement in the U.S.,

Treasury 62

Treasury Banking Cash Management Accounts Payable 62

PYMNTS

JANUARY 22, 2021

In the accounts receivable (AR) function, Franco noted that Nurx implemented lockboxes in order to centralize the receipt of paper checks from insurance companies. But on the accounts payable (AP) side, the company also saw the opportunity to shift from checks to digital payment methods to pay vendors.

Healthcare 74

Healthcare B2B Prioritization Accounts Payable 74

Michigan CFO

JUNE 7, 2023

Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team. CFOs play a pivotal role in strategic decision-making, ensuring the financial health and stability of the business. What qualifications do you need to be a virtual CFO?

CFO 52

CFO Problem Solving Budgeting Communication 52