CFO Share

MAY 22, 2024

This guide will provide you with financial reporting help and actionable steps to get accounting back in order and working for you. Check out our blog for other accounting tips that help you avoid losses and missed opportunities. Like compound interest on a loan, accounting errors grow and become more complex over time.

Profit and Loss 105

Profit and Loss General Ledger Financial Reporting Accounting 105

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. . And that’s a problem.

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

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

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

PYMNTS

AUGUST 5, 2016

There is seemingly no end to the discussion of how automated accounting can improve a business’ performance. The market is on the cusp of a groundswell of adoption of these technologies, says Therese Tucker, CEO of accounting solutions firm BlackLine , after a long lull among mid-market firms.

Accounting 42

Accounting Reconciliations General Ledger Auditing 42

VCFO

AUGUST 9, 2023

6 Operating Performance Metrics for Professional Services Firms Professional services firms come in all shapes, sizes, and types – law, accounting, architecture, engineering, field services, janitorial, specialized consulting, and the list goes on. To capture Direct Labor, most firms need some sort of time-tracking system.

General Ledger 80

General Ledger Benchmarking Leverage Budgeting 80

CFO Share

JULY 14, 2022

Here’s what you should consider when approaching a catch-up bookkeeping or an accounting clean up project. As a rule of thumb, bookkeepers are not qualified to do accounting clean up – you need a trained accountant. Managerial accountants, like CFOshare, optimize financial statements for management decision-making.

General Ledger (GL) 52

General Ledger (GL) General Ledger Profit and Loss Invoicing 52

Bramasol

SEPTEMBER 8, 2024

It marks a substantial leap forward that is built on earlier revenue management systems, such as SAP Revenue Accounting and Reporting (RAR) and SAP Automated Revenue Management (ARM). Enhanced Compliance : Facilitates adherence to accounting standards and regulations, reducing the risk of non-compliance and associated penalties.

SAP 58

SAP General Ledger Compliance Accounting Standards 58

Bramasol

JULY 26, 2024

As the SAP partner with the most revenue recognition implementations and deepest involvement in the ongoing refinement of solutions such as SAP Revenue Accounting and Reporting (RAR) and Automated Revenue Management solutions, Bramasol can help you navigate the most complex RevRec scenarios.

SAP 78

SAP IFRS GAAP Compliance 78

CFO Talks

JUNE 23, 2022

Automation software is increasingly doing basic accounting, so financial teams need to do more. An effective financial team should be able to build frameworks to create “data lakes” for general ledger information, inventory, HR information, sales data and external information. Here’s how you can build one.

Finance 52

Finance General Ledger CFO Accounting 52

PYMNTS

MARCH 7, 2019

Payroll solutions provider Inova Payroll has debuted an application programming interface (API) integration with M3 , an accounting and human capital management (HCM) platform developed for the hospitality industry. Other areas of payroll and human capital management are exploring the benefits of API integrations, too.

General Ledger 53

General Ledger B2B Securities Sales 53

CFO Thought Leader

OCTOBER 29, 2024

The company operated two businesses: one generating about $30 million in EBITDA, while the other incurred annual losses of roughly $10 million. Once the board approved the plan, Gronen led efforts to align sales teams and streamline processes. Gronen: Yooz is an AP (accounts payable) automation and payments company.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) CFO Finance Profit and Loss 52

Bramasol

JANUARY 18, 2024

For example, SAP's Order-to-Cash portfolio, formerly known as BRIM, offers a suite of applications, including Subscription Order Management, Subscription Billing, Convergent Charging, Convergent Mediation, and Convergent Invoicing, along with SAP Revenue Accounting & Reporting (RAR) for revenue compliance.

Compliance 70

Compliance SAP General Ledger B2C 70

CFO Simplified

APRIL 15, 2022

Sales – $11,750,000. More recently, the stock model company had experienced a drop in sales, and some customers of the prototyping business were not returning, leaving the company with idle manufacturing capacity. Financial Reporting and Accounting. The general ledger layout is generic in nature.

Manufacturing 52

Manufacturing General Ledger Budgeting CFO 52

Centage

OCTOBER 3, 2022

For example, you may use spreadsheets to plan your fiscal year or maintain your client sales list. These can become apparent as your business grows and your accounting needs get more involved. You need to account for these possible outcomes in advance to ensure your business plans appropriately.

Forecasting 98

Forecasting Budgeting Data Analysis Financial Modeling 98

The Finance Weekly

NOVEMBER 27, 2023

Accounts Receivable Turnover Ratio Your accounts receivable turnover ratio indicates how efficiently you collect cash from credit sales. Calculation: Net credit sales ÷ average accounts receivable = Accounts Receivable Turnover Ratio 5. Calculation: current assets ÷ current liabilities = current ratio 6.

Budgeting 52

Budgeting General Ledger Sales Concentration 52

PYMNTS

MARCH 19, 2020

The financial account software market is on pace to reach $19 billion in sales over the next five years, and such growth is necessary to match businesses’ fast-paced needs. Growth can create frictions, too. Cash flow and AP automation innovation.

Accounts Payable 52

Accounts Payable General Ledger Accounting Technology 52

CFO Simplified

APRIL 15, 2022

There are two major issues here: (1) how do you decide when something becomes obsolete and (2) how do you price it for quick sale? Sales – $10,000,000. Reduce the price of the inventory to minimal levels and promote the sale of the garments through internet channels. Ensure the sales register matches the individual invoices.

Profit and Loss 52

Profit and Loss Manufacturing General Ledger Accounts Payable 52

CFO Simplified

NOVEMBER 6, 2023

Open a bank account If you are going to start a company, it’s vital you segregate your personal expenses and assets from your company’s expenses and assets. Even though you may have formed an LLC, if you use your personal bank account, credit cards, etc., Get an accounting system There are several basic accounting systems.

General Ledger 52

General Ledger Strategic Planning Accounting CFO 52

Planful

JANUARY 3, 2017

Accounts payable. Accounts receivable and collections management. General ledger accounting. The data in an ERP system is typically summarized in the general ledger module. In most organizations, the accounting/ERP system comes first. Order processing and billing. Fixed asset management.

General Ledger 40

General Ledger Budgeting Forecasting Cash Flow Forecasting 40

CFO Simplified

APRIL 22, 2022

Upgrading simple accounting software to an ERP (Enterprise Resource Planning) system that is going to manage every aspect of the company from operations to accounting and finance, and sometimes even sales and customer relations is no small task. Sales – $15 million. Business – Industrial seating manufacturer.

General Ledger 52

General Ledger Accounts Payable Manufacturing Planning 52

BlueLight

JULY 16, 2020

In these conversations, I observed each finance leader had a different perspective and approach with their financial accounting partner. I caught up with Sandeep Shroff, Co-Founder and CEO of myStartUpCFO , an accounting firm that provides on-demand full-stack CFO services for startups. How do software tools fit into your operation?

Startups 52

Startups CFO Reconciliations General Ledger 52

Planful

NOVEMBER 10, 2016

For example, the integration of financial data from general ledgers (GLs) and operational data from human capital management (HCM) and other sources is required to support the financial consolidation and reporting process. Chart of accounts. Transaction detail. Statistical/non-financial data. Employees, jobs, and positions.

General Ledger 40

General Ledger Budgeting Forecasting Financial Data 40

Planful

NOVEMBER 12, 2019

Financial planning is built around general ledgers, accounts, journal entries, cost centers, debits and credits. A VP of marketing might prefer to visualize conversion rates and lead trends in charts, whereas a VP of sales might need a combination of graphs and tables of numbers.

Planning 40

Planning General Ledger Forecasting Finance 40

CFO Thought Leader

SEPTEMBER 17, 2023

We now have a full platform, with a general ledger, that we’ve built ourselves. Think of this as running the accounting for all of these funds, including providing all of the communication back to the limited partners who are the investors in the funds.

CFO 52

CFO General Ledger Finance Communication 52

Centage

OCTOBER 3, 2022

For example, you may use spreadsheets to plan your fiscal year or maintain your client sales list. These can become apparent as your business grows and your accounting needs get more involved. You need to account for these possible outcomes in advance to ensure your business plans appropriately. Risk of Errors.

Forecasting 52

Forecasting Budgeting Data Analysis Financial Modeling 52

Centage

JANUARY 3, 2024

Centage’s FP&A software lets you move beyond traditional budgeting and accounting by delivering a flexible forecasting solution tailored to meet the demands of today’s business environment. Here’s how our dedicated FP&A software for flexible forecasting can make your annual budget more resilient and your finance team more responsive.

Forecasting 40

Forecasting Financial Planning and Analysis (FP&A) Budgeting General Ledger 40

CFO Talks

FEBRUARY 20, 2024

Farhaan discusses the critical aspects of his role, emphasising the shift from traditional accounting to strategic and operational involvement across business sectors. Farhan holds a BCom and a number of postgraduate diplomas in accounting from the University of Johannesburg. Farhaan: We speak of CFOs as traditional accountants.

Leadership 52

Leadership CFO Accounting Finance 52

Onplan

NOVEMBER 30, 2022

This includes integrations with systems like Salesforce, QuickBooks, NetSuite, Xero, and Sage so you can analyze and use all your data—including, HR, sales, and CRM—in one place. In addition to offering financial and sales planning solutions, Workday Adaptive also caters to workforce and operational planning needs. Key features.

Financial Planning and Analysis (FP&A) 52

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