The Finance Weekly

NOVEMBER 3, 2021

Account reconciliation is the matching and validating of balances in the general ledger (GL) to internal and external sources or other independent calculations to accurately close month-ends and year-ends. For both internal and external sources, each balance has to match the corresponding account in the general ledger.

Reconciliations 52

Reconciliations Accounting General Ledger (GL) Finance 52

PYMNTS

JANUARY 22, 2019

Accounting, consultancy and technology firm Crowe is rolling out a new solution designed for hospitals to automate daily bank reconciliation processes and manage cash flow, the company said in a recent announcement. Hospitals can often struggle to manually reconcile cash flow coming from multiple sources.

Cash Management 73

Cash Management General Ledger Reconciliations Healthcare 73

The Finance Weekly

FEBRUARY 22, 2025

Primarily built for large enterprises and growing mid-sized businesses, the platform supports finance teams in budgeting, forecasting, workforce planning, and financial close processes. 3) Operational Planning Beyond finance and HR, it supports holistic business planning across departments. Who Its Meant For?

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning General Ledger (GL) Forecasting 52

https://trustedcfosolutions.com/feed/

NOVEMBER 30, 2022

Your first step should be to get up close and personal with your finances to identify areas of opportunity and understand your business performance. The right accounting software should give you a competitive edge, delivering a range of accounting capabilities unique to your SaaS business.

General Ledger 108

General Ledger Compliance Forecasting Finance 108

CFO Simplified

NOVEMBER 28, 2022

This includes data on customers, suppliers, inventory, finances, and more. If you’re a manufacturer or a wholesale distributor, you should be comparing the value in that inventory value report to one line on your general ledger, and that’s the value of inventory. . Final Thoughts.

General Ledger 98

General Ledger Accounts Payable CFO Reconciliations 98

The Charity CFO

APRIL 29, 2022

A financial statement audit is a thorough review of your financial statements to determine if your financial statements present fairly, in all material respects, in accordance with generally accepted accounting principles. Do your bank account and/or loan balances look accurate?

Nonprofit 105

Nonprofit Auditing General Ledger Reconciliations 105

PYMNTS

FEBRUARY 13, 2019

In the accounting space, that means integrations with enterprise resource planning (ERP), accounts receivable, accounts payable, procurement, banking and other portals. This is one reason why companies may choose to work with a firm like Codence to custom build accounting software into their firms.

Finance 75

Finance General Ledger Accounts Payable Math 75

The Charity CFO

JULY 19, 2024

When most people think of an organization’s financial department, they think of accountants. Bookkeepers, accountants, and Chief Financial Officers (CFOs) all serve critical roles in managing an organization’s finances. What is an Accountant? Accountants run reports to help determine if the bookkeeping is done correctly.

CFO 52

CFO Accounting Nonprofit General Ledger 52

CFO Share

JULY 16, 2024

A controller primarily oversees accounting processes, ensuring accurate financial records and compliance with regulations. They collaborate with executives, investors, and the finance team to manage risk, choose investments, and collaborate on strategic decisions. How Does the Role of a CFO Differ from That of a Controller?

Financial Planning and Analysis (FP&A) 98

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

Creative CFP

OCTOBER 2, 2020

A couple of years into my career as a chartered accountant I started to wonder if I was still enjoying working in the finance industry. I was so consumed with day-to-day accounting tasks that I did not have time to monitor the financial health of businesses I was taking care of, or to provide valuable feedback to business owners.

Accounting 52

Accounting Finance Cash Flow Forecasting General Ledger 52

CFO Simplified

DECEMBER 26, 2021

Your Ultimate Finance Department Checklist (By Business Size). It’s easy to grow without noticing that your finance and accounting department is stretched far too thin. Here’s a guide to set your accounting and finance department up for success as your business grows. Roles and Responsibilities. Company Size.

Finance 52

Finance General Ledger CFO Auditing 52

Fpanda Club

MARCH 28, 2021

Recent technological advancements and constant changes in the business environment enable the finance function in general and FP&A teams in particular to adopt new ways of work, new practices, new tools to meet the needs of their internal and external customers.

Forecasting 130

Forecasting Budgeting General Ledger Finance 130

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. Efforts to modernize procurement and accounts payable are also opportunities for data integration with the ERP.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

PYMNTS

MARCH 31, 2020

The solution identifies fraud and risk, bolsters decision making, automates manual work and eliminates accounts payable (AP) process errors. Our ultimate goal is to future-proof and de-risk the entire payables operation for businesses looking to scale finance and do more with less.”

Accounts Payable 53

Accounts Payable General Ledger (GL) Accounting General Ledger 53

CFO Simplified

NOVEMBER 21, 2022

So why not set up a petty cash account with a small amount of money that can be used for things like running to the hardware store or office supply store? The important thing is to keep track of all the expenses associated with the account. – and that all expenses are accounted for. Cash going into the petty cash account.

General Ledger 98

General Ledger Reconciliations CFO Accounting 98

Centage

JANUARY 3, 2023

Businesses across industries use spreadsheet formulas daily to accomplish a diverse task range, from cost accounting to bookkeeping to project management. Connectivity: Our software can automatically integrate with your general ledger for budget analysis, offering a clearer picture of your company’s financials.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) General Ledger Budgeting Forecasting 98

PYMNTS

AUGUST 12, 2020

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. Finance administrators and project managers both benefit from automation of the accounts payable process.

Construction 69

Construction General Ledger (GL) Accounts Payable General Ledger 69

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

CFO Talks

JUNE 23, 2022

Automation software is increasingly doing basic accounting, so financial teams need to do more. To do this, they must surround themselves with a versatile, innovative and adaptable finance team. Nico Serfontein , the CFO of Maserati South Africa, talks about how being a CFO is “more than accounting. Here’s how you can build one.

Finance 52

Finance General Ledger CFO Accounting 52

Future CFO

SEPTEMBER 26, 2022

A touchless close is what finance functions want, Gartner said recently. According to survey of 155 finance executives by the advisory firm in February 2022, 55% of respondents aimed for a touchless financial close by 2025. Automation in most finance functions has gone after low-hanging fruit,” said Bhattacharjee.

Finance 52

Finance General Ledger Reconciliations Auditing 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

Future CFO

SEPTEMBER 21, 2020

Accounting is the language of business. He acknowledged having taken “a lot of” accounting courses over the years and understanding the language has rewarded him well financially. As he puts it rightly, accountants must elevate their roles to that of strategic partners. Because it is expected of them.

Accounting 52

Accounting Technology Mergers and Acquisitions (M&A) Leadership 52

The Charity CFO

OCTOBER 9, 2024

One of the most sought-after tools is a platform or software to integrate your fundraising and accounting data seamlessly. This makes it challenging to create technology that tracks data for fundraising purposes while still following accounting principles. So why does it seem so hard to find this unicorn platform?

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

Centage

SEPTEMBER 14, 2021

Accounting has evolved quite a bit since the early days of double-entry systems and general ledgers. Cloud-based business budgeting and financial planning tools integrate with popular general ledger, CRM, ERP, and other business systems to create a single source of truth without manual data transfer errors.

Budgeting 96

Budgeting General Ledger Data Analysis Financial Data 96

Future CFO

AUGUST 1, 2023

According to IDC's 2023 Future SMB and Midmarket Survey , 50% of surveyed respondents (driven by SMBs) in Asia/Pacific state that they will automate their financial and accounting processes through cloud applications in the next 18 months. "As

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

PYMNTS

NOVEMBER 2, 2018

An expansion of its existing integration will introduce enhanced General Ledger Interface mapping via Accountant Connect, allowing accountants to seamlessly link into and interface with QuickBooks and other accounting platforms to manage their small business (SMB) clients’ finances.

General Ledger 62

General Ledger Accounts Payable Benchmarking Accounting 62

Centage

JULY 25, 2023

Businesses across numerous industries use Microsoft Excel spreadsheets to accomplish a wide range of tasks, including bookkeeping, accounting, and project management. For many business owners, automated software outperforms conventional Excel spreadsheets for several accounting tasks, especially for emerging and growing businesses.

Budgeting 98

Budgeting Financial Planning and Analysis (FP&A) General Ledger Forecasting 98

Focus CFO

JUNE 16, 2023

Scott has more than 20 years of diverse Finance and Accounting leadership experience spanning companies of all sizes and across multiple industries that include manufacturing, distribution, and professional services.

General Ledger 52

General Ledger Leadership Manufacturing Forecasting 52

PYMNTS

DECEMBER 18, 2018

17), Paychex said its General Ledger Service (GLS) now integrates into QuickBooks Online for faster access to key data for both small businesses and their accountants. Last month, payroll firm ADP enhanced its Accountant Connect functionality to strengthen its existing integration with QuickBooks.

General Ledger 62

General Ledger Accounting Finance Investments 62

The Charity CFO

APRIL 25, 2024

For nonprofit organizations, accounting comes with a lot of complexity. Instead of slow, paper-driven, backward-looking accounting, these organizations are moving quickly through digital integrations allowing them to focus on their core responsibilities. What is the actual goal in a nonprofit accounting setup?

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

Planful

JUNE 22, 2017

Financial Consolidation in the Accounting World. But in the accounting world, “financial consolidation” is a well-defined process that includes several complexities and accounting principles. Here are the key accounting consolidation steps in the finance consolidation process : Collecting trial balance data (e.g.,

Accounting 40

Accounting General Ledger IFRS GAAP 40

Cube Software

AUGUST 29, 2023

An ERP system , or enterprise resource management system, is a software solution that helps companies manage day-to-day operations like accounting, procurement, HR, finance and more. Most companies use an ERP to manage their General Ledger (GL). NetSuite is a popular ERP system built for organizations of all sizes.

General Ledger (GL) 52

General Ledger (GL) General Ledger Financial Data Financial Reporting 52

The Finance Weekly

MARCH 1, 2022

Maturity in finance, particularly in FP&A, entails accepting complexity and expanding your capabilities. Tom continues, “They are leading with digital transformation and the requisite skills in their Finance and Accounting teams. It takes age and experience to truly enjoy dark chocolate. And what difference does it make?

Financial Planning and Analysis (FP&A) 52

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

The CFO College

JUNE 3, 2021

Increase Your Value and Boost Your Services with Two CFO-Level Accounting Tools. Yes, automations can crunch numbers, but there is so much more to providing accounting services than calculations. Thankfully, bookkeeping is far from irrelevant -- you just need to learn to adapt as the industry changes.

Accounting 52

Accounting CFO Auditing General Ledger 52

PYMNTS

FEBRUARY 25, 2020

New technology solutions are stepping onto the market to help automate accounts receivable, accounts payable and the act of supplier payments, as well as other processes surrounding these fields, like trade finance, cash flow management and accounting. There’s nothing more valuable than remittance data.

B2B 69

B2B Accounts Payable General Ledger Reconciliations 69

PYMNTS

JANUARY 26, 2018

Corporate accounting software is now a continually evolving space, but progress doesn’t occur in a vacuum: External forces and trends, from changing regulations to increased adoption of FinTech by the enterprise, force businesses to adjust how they record and report financial data. Open Banking initiatives in the EU, U.K.,

General Ledger 47

General Ledger Benchmarking Reconciliations Accounts Payable 47

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 Leverage 62