The Charity CFO

FEBRUARY 25, 2022

If you’re brand new to nonprofit accounting, the Chart of Accounts might be the best place to start. Because even if you only have one bank account, bill, investment, or expense, you’ll need one. What is a Chart of Accounts? How to Organize a Nonprofit Chart of Accounts . Assets-1000s. Equity-3000s.

Nonprofit 98

Nonprofit Accounting Accounts Payable GAAP 98

CFO Talks

MARCH 13, 2025

Now, picture the opposite: instant access to real-time financial insights, automated compliance checks, and AI-driven forecasts guiding your next move. This is the power of Financial Information Systems (FIS). Executives can see key financial indicators, such as cash flow, profit margins, and debt levels, on demand.

Financial Reporting 52

Financial Reporting IFRS Compliance Problem Solving 52

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

Future CFO

DECEMBER 29, 2024

Giselle Arellano-Geronimo , vice president and head of Finance, Accounting, and Procurement at Shearwater Health , emphasises that successful CFOs can resonate with various stakeholders and foster a culture of continuous learning essential for implementing transformative changes.

Finance 98

Finance Compliance Data Analysis Leadership 98

CFO Leadership

OCTOBER 10, 2023

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. However, they still have a place in corporate finance and accounting.

Accounting 95

Accounting Finance Auditing IFRS 95

PYMNTS

FEBRUARY 20, 2020

As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage. A spokesperson for the bank confirmed reports, noting that JPMorgan had already signed agreements that cover about 95 percent of data access requests.

Accounting 87

Accounting Banking Invoicing Sales 87

Future CFO

MARCH 3, 2025

By 2025, the traditional image of number-crunching accountants confined to back offices will be a relic of the past. CFOs, controllers, and management accountants must embrace agility and foresight to thrive in this dynamic environment. This doesn't necessarily translate to job losses, but rather a shift in required skills.

Finance 69

Finance Communication Leadership Profit and Loss 69

The CFO College

AUGUST 31, 2021

If company owners don’t have a realistic view of their financials and are not set up for capital raising, reports, and tax prep, their dream may fade away before they ever get a chance to open their doors. As an accountant or bookkeeper, you can help prevent startups from going under or losing profitability. And much more.

Startups 81

Startups Accounting General Ledger Forecasting 81

The Finance Weekly

OCTOBER 30, 2024

One of the major trends in this space is the ability to connect bank accounts seamlessly, providing real-time visibility into your financial status. Known for its advanced features, Datarails offers a seamless experience by connecting directly with your existing bank accounts, providing real-time visibility into your finances.

Cash Management 52

Cash Management Cash Flow Forecasting Reconciliations Forecasting 52

Bramasol

JUNE 10, 2022

One important side effect of the ongoing trend toward globalization is the need to comply with a range of different accounting principles as well as with disparate reporting and compliance mandates. Parallel Ledgers - in which multiple ledgers are used, with an accounting principle applied to each ledger.

Accounting Principles 78

Accounting Principles IFRS Accounting SAP 78

CFO Talks

FEBRUARY 25, 2025

IFRS provides a universal financial language, ensuring that businesses across the world speak the same accounting dialect. Being IFRS-compliant means that a company follows a set of internationally recognised accounting rules when preparing its financial statements. But what does it really mean to be IFRS-compliant?

IFRS 52

IFRS Financial Reporting Compliance Accounting Standards 52

CFO Talks

NOVEMBER 29, 2024

These experiences introduced me to the broader business world and significantly accelerated my career. Following my articles, I moved into the corporate sector as a Group Accountant at Datacentrix, gaining insight into private sector finance. What key skills should a newly qualified accountant develop on their path to becoming a CFO?

CFO 95

CFO Auditing Leadership Finance 95

The Charity CFO

MARCH 13, 2025

Government regulations are tightening, and donors are demanding more accountability. From federal grant compliance to donor transparency expectations, nonprofits must meet a growing list of financial integrity standards. If your organization doesnt have airtight financial oversight, youre at risk of losing funding.

Nonprofit 52

Nonprofit Auditing Compliance Leadership 52

Future CFO

JANUARY 22, 2024

The accounting industry is undergoing profound transformation due to rapid technological advancements across all sectors in the market. Changes from manual record-keeping to sophisticated software solutions has undeniably shifted the accounting landscape, bringing in an era of heightened efficiency and accuracy.

Accounting 52

Accounting Reconciliations Financial Analysis Financial Data 52

CFO Plans

AUGUST 2, 2024

In today’s rapidly evolving business landscape, the integration of technology into accounting practices has shifted from a luxury to a necessity. With the demands of modern businesses continuously growing, leveraging technology to streamline accounting processes is crucial for maintaining accuracy, efficiency, and competitiveness.

Technology 52

Technology Accounting CFO Tax Planning 52

CFO Talks

MARCH 6, 2025

There are tax laws, financial regulations, and reporting requirements that change all the time. A CIBA Business Accountant in Practice keeps up with all these changes and makes sure everything is done correctly and legally. A professional accountant can keep your records organised, so you always know where your money goes.

Numbers 52

Numbers Finance Accounting Invoicing 52

CFO Talks

MARCH 5, 2025

To make sure everything aligns: Set up strong internal processes Have a clear system in place for collecting and verifying financial data. Some useful tools include: ERP (Enterprise Resource Planning) systems These systems (such as SAP, Oracle, or Sage) help track financial transactions and automate reporting.

IFRS 52

IFRS Auditing Compliance Financial Data 52

PYMNTS

JANUARY 26, 2021

marked its third anniversary of adopting its open banking framework, making it the leading market to drive the concept of unlocking customers’ bank account data for integration with third-party solution providers. Last week, the U.K. where there is no open banking regulatory mandate.

Banking 142

Banking Reconciliations Financial Data B2B 142

CFO Plans

MAY 16, 2024

One of the most transformative tools available is SaaS-based accounting software. Cloud-based solutions are changing the game in financial management, offering numerous advantages over traditional systems. Here’s how SaaS accounting software is revolutionizing financial management and why it’s essential for CFOs.

Accounting 52

Accounting Compliance Financial Data Manufacturing 52

CFO Plans

JULY 18, 2024

From property management to rent collection and tax compliance, the need for specialized accounting services is paramount. Here, we explore how expert real estate accounting services can optimize your property management, streamline rent collection, and ensure compliance with tax regulations for sustained financial success.

Accounting 52

Accounting Compliance CFO Restructuring 52

CFO Plans

MAY 2, 2024

When it comes to revolutionizing your financial management, finding the right accounting partner is a critical decision. Take time to reflect on your financial goals, industry-specific requirements, and the level of support you require. Look for a partner that embraces cloud-based solutions, automation, and advanced analytics.

Accounting 52

Accounting Problem Solving Communication Compliance 52

The Finance Weekly

JANUARY 5, 2025

Enhancing Customer Interactions Many customers prefer quick, precise answers to their financial questions. Finance AI chatbots provide this by: Answering FAQs about loans, interest rates, or account management. Offering personalized financial advice based on transaction history. Automated dashboards and custom reports.

Finance 52

Finance Budgeting Financial Data Forecasting 52

Musings on Markets

DECEMBER 11, 2024

I had taken a job as a teaching assistant, almost entirely because I needed the money to pay my tuition and living expenses, and in a subject (accounting) that did not excite me in the least. The accounting, statistics and foundations classes are only in online format , on my webpage, and they are free.

Valuation 120

Valuation Corporate Finance Finance Investments 120

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 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

CFO Plans

AUGUST 9, 2024

In the rapidly evolving landscape of business accounting, staying ahead requires more than traditional bookkeeping. Modern businesses need comprehensive financial strategies that ensure compliance, drive growth, and improve efficiency. Get specialized financial consulting for real estate.

Accounting 52

Accounting Tax Planning CFO Startups 52

PYMNTS

DECEMBER 29, 2020

Traditional financial institutions (FIs) continue to anticipate future demands and make progress in their modernization efforts, but they're not doing it alone. Plus, one FinTech offers a new spin on the open banking model to drive financial inclusion. In a statement, Citi U.S. WEX Talks Bank Partnerships To Advance B2B Payments.

Cash Flow Forecasting 123

Cash Flow Forecasting B2B Startups Financial Data 123

The Charity CFO

AUGUST 21, 2024

The relationship between fundraisers and accountants in a nonprofit organization can be challenging. Fundraising and accounting departments provide vital services to the organization, but when they fail to communicate, it can lead to financial errors.

Communication 52

Communication Accounting Nonprofit Budgeting 52

CFO Thought Leader

JANUARY 29, 2025

Someone has to be the storyteller, Collis tells us, emphasizing how framing financial data in relatable terms helps drive organizational alignment and decision-making. Collis career began in accounting, where he spent seven years honing technical expertise in public accounting. We offer two core products.

CFO 52

CFO Accounts Payable Invoicing Reconciliations 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

Global Finance

DECEMBER 26, 2024

Ashley Pater , general manager of Hedge Trackers LLC, a global accounting, consulting, and software services company focused on financial risk protection, owned by platform provider GTreasury says automation is improving FX risk visibility, transforming FX risk management from a reactive task to an operational imperative.

Treasury 59

Treasury Risk Management Currencies SAP 59

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

The Charity CFO

MARCH 28, 2024

Your nonprofit accounting system might not be the most exciting part of your organization, but it’s one of the most important aspects. An effective accounting system helps you stay in compliance with tax and legal regulations–helping you maintain your exempt status. However, effective accounting isn’t just about following rules.

Nonprofit 52

Nonprofit Accounting Budgeting Compliance 52

CFO Plans

AUGUST 30, 2024

Leveraging technology to streamline accounting processes is no longer a luxury but a necessity. Discover how tech-enabled tools can transform your real estate accounting. The Challenges of Real Estate Accounting Real estate accounting is multifaceted, involving everything from property management to investment analysis.

Accounting 52

Accounting CFO Compliance Leverage 52

CFO Plans

SEPTEMBER 24, 2024

Did you know that businesses can reduce their financial management costs by up to 40% with the right accounting solutions? However, with the advent of scalable accounting solutions, businesses of all sizes can streamline their financial operations and focus on growth.

Accounting 52

Accounting CFO Compliance Financial Reporting 52

The Charity CFO

JULY 19, 2024

When most people think of an organization’s financial department, they think of accountants. But did you know there are a variety of financial professionals that are essential to the financial well-being of an organization? What is an Accountant?

CFO 52

CFO Accounting Nonprofit General Ledger 52

The Charity CFO

JULY 1, 2024

Choosing the right accounting services is crucial for the financial health of your nonprofit. The right nonprofit accountant helps your organization properly manage its finances, which improves trust and transparency with stakeholders and donors. Technology is one of the most important tools in modern nonprofit accounting.

Nonprofit 52

Nonprofit Accounting Budgeting Accounting Firms 52