CFO Selections

JUNE 3, 2024

Originally published: 8/14/17 Updated: 5/24/24 Preparation and expert guidance are key for successful middle-market business acquisitions, sales, and mergers. In this comprehensive guide to buying and selling businesses, our expert CFOs provide all the finance and accounting information you need when entering into a transaction.

Accounting 98

Accounting Finance Sales Investments 98

Bramasol

MAY 23, 2024

Previous episodes in this Insights Series have explored the challenges created by new Digital Solutions Economy paradigms for billing, fulfillment, invoicing, revenue accounting, and compliance across a wide range of industries. Entitlement Management - Tracking and managing software licenses to ensure they are accounted for accurately.

Compliance 92

Compliance SAP Accounting Invoicing 92

The Finance Weekly

MAY 5, 2024

Leading the growth in almost every company is the sales team. For instance, let's talk about car sales. But, growth isn't just about sales; it's about taking a well-rounded approach that involves everyone in the organization. What is Sales Planning? What is Sales Planning?

Planning 72

Planning Sales Forecasting Strategic Planning 72

https://trustedcfosolutions.com/feed/

JULY 28, 2022

These kinds of adaptations are also forcing new ways to pay and new systems that require integration into the restaurants existing accounting solutions. The basic accounting challenges restaurants face are daunting in addition to the day-to-day management. . Top Accounting Challenges Restaurants Face. Generating Reports.

Accounting 113

Accounting General Ledger Sales CFO 113

https://trustedcfosolutions.com/feed/

JUNE 23, 2022

Can you get real-time data from your accounting system? It doesn’t matter if a transaction relates to a sale, purchase, inventory, HR, or types of transactions. It doesn’t matter if a transaction relates to a sale, purchase, inventory, HR, or types of transactions. Is that data accurate and up to the minute?

Accounting 113

Accounting Restructuring Financial Reporting Finance 113

https://trustedcfosolutions.com/feed/

FEBRUARY 12, 2023

Businesses operate similarly, requiring a toolbox of strategic sales pitches, marketing efforts, and accurate financial analyses to continue on the right track. That’s why dashboards are quickly becoming one of the most powerful and streamlined approaches to strong accounting. How Can a Dashboard Strengthen Accounting?

Accounting 105

Accounting Accounts Payable Finance Financial Reporting 105

CFO Plans

AUGUST 16, 2024

This is where expert financial advisors and comprehensive accounting services come into play. These tech-driven accounting solutions offer real-time financial analysis and reporting, allowing you to stay on top of your financial health from anywhere in the world. Consider the benefits of 1031 exchanges to defer taxes.

Accounting 52

Accounting CFO Compliance Leverage 52

Bramasol

JULY 31, 2023

This new post provides a deeper look at how the leasing of medical equipment along with other bundled services or products presents particular challenges for meshing contracts and lessor accounting with DSE management and revenue recognition. According to Allied Market Research, "The global medical equipment rental market was valued at $56.0

Accounting 72

Accounting SAP GAAP IFRS 72

CFO News Room

NOVEMBER 11, 2022

That skewing can affect valuation and pricing judgments about these firms, and correcting accounting inconsistencies is a key step towards leveling the playing field. I am not an accountant, and have no desire to be one, but I have used their output (accounting statements) as raw material in valuation and corporate finance.

Accounting 130

Accounting Marketing Advertising Valuation 130

CFO Share

APRIL 5, 2022

Think your business is too small to worry about sales taxes? South Dakota , small business sales tax has been an issue you cannot afford to ignore. With audits ramping up and penalties exceeding $100,000, understanding sales and use tax is essential. The cost of sales tax non-compliance. Think again. Ever since Wayfair v.

Sales 98

Sales Auditing Compliance Tax Planning 98

Future CFO

DECEMBER 3, 2023

What’re your 2024 predictions for finance and accounting? BlackLine said there are several major trends when releasing its 2024 predictions for finance and accounting. According to Nikhil Parambath, Regional Vice-President, Asia, BlackLin e , the company’s 2024 predictions for finance and accounting are as follows.

Accounting 52

Accounting Finance CFO Leverage 52

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 . Account Description.

Nonprofit 98

Nonprofit Accounting Accounts Payable GAAP 98

Cube Software

MAY 11, 2023

Introduction to the percentage-of-sales method The percentage-of-sales method is a financial forecasting model to assess a company’s financial future by making financial forecasts based on monthly sales revenue and current sales data. The percentage-of-sales method works just like that.

Sales 52

Sales Financial Planning and Analysis (FP&A) Forecasting Accounting 52

CFO Share

MAY 18, 2023

Value-added Tax (VAT) and sales tax are both consumption taxes assessed on the consumer at point of sale. The difference between VAT and sales tax is what gets taxed: sales tax is assessed on tangible personal property (products, materials, and goods) whereas VAT is assessed on both goods and services.

Sales 52

Sales Tax Planning Compliance Invoicing 52

CFO Simplified

FEBRUARY 17, 2022

Sales – $45,000,000 annually. The business’ part-time CFO was providing financials that didn’t match the reports they received from their accountant. Since the owners weren’t drawing large salaries, and sales were increasing, questions arose as to the actual use of cash and the company’s profitability. Ownership – Two partners.

Accounting 52

Accounting Retail Profit and Loss Cash Flow Forecasting 52

Jedox Finance

JUNE 24, 2021

This also affects the go-to-market processes in particular for the marketing and sales functions. A company’s web presence, which is usually designed by marketing, is becoming an increasingly important component in the sales process. Where marketing and sales converge. The evolution of marketing data.

Sales 116

Sales Marketing Planning Forecasting 116

CFO News

SEPTEMBER 18, 2024

Festive season sales, in terms of gross merchandise value (GMV), will likely reach $12 billion this year, rising 23% from the previous year’s $9.7 Quick commerce may account for $1 billion of these ecommerce sales. billion, according to data from market research company Datum Intelligence.

Sales 40

Sales eCommerce Accounting Marketing 40

The Charity CFO

JANUARY 17, 2022

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. with this overview of nonprofit accounting basics. . What is nonprofit accounting? Investopedia defines accounting as “the process of recording financial transactions pertaining to a business.” .

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

https://trustedcfosolutions.com/feed/

APRIL 14, 2022

The challenge for these organizations is that managers only see the accounting data for the entities they manage, and feeding data into a single system can be complicated and challenging. A cloud-based, AI intelligent accounting solution provides the real-time data you need to make smart business decisions. Powerful report writer.

Accounting 117

Accounting General Ledger Accounts Payable Budgeting 117

PYMNTS

SEPTEMBER 11, 2020

To that end, Bloomberg reported that Chipotle Mexican Grill CEO Brian Niccol estimated the firm’s digital sales could be as much as $2.4 In the latest earnings report, PYMNTS reported , Chipotle’s digital revenue was up 216 percent and accounted for nearly 61 percent of total sales in the quarter.

Sales 106

Sales Accounting Retail 106

The Charity CFO

OCTOBER 9, 2023

However, that’s not the case with an organization’s accounting systems. Let’s take a closer look at nonprofit accounting systems, the most frequent mistakes, and how to avoid trouble down the road. It’s vital to get these right from the beginning or risk serious consequences in the future.

Accounting 59

Accounting Nonprofit Profit and Loss Compliance 59

PYMNTS

AUGUST 27, 2020

Tens of thousands of stolen Fortnite accounts are being sold on the black market in a $1 billion a year trade, according to Bloomberg. It found that criminals are using automated tools to mass-check for Fortnite accounts from hordes of stolen identities from recent data breaches. Regular ones go for $200 to $250.

Accounting 115

Accounting Marketing Securities Sales 115

CFO Share

NOVEMBER 21, 2023

In the world of business finance, the terms “Cost of Sales” (COS) and “Cost of Goods Sold” (COGS) are often confused. These aren’t just accounting terms; they are fundamental concepts that shape how you view your business’s financial health and make informed decisions. What is Cost of Sales?

Sales 52

Sales Cost Management Auditing Budgeting 52

CFO Share

JULY 19, 2023

The biggest challenges facing accounts payable are chaos, maintenance cost, and fraud. Bring order to Accounts Payable. Accounts payable is a non-revenue-generating expense which best in class businesses minimize. Minimize fraud risk Accounts payable is the number one source of fraud in small businesses.

Accounts Payable 52

Accounts Payable Accounting Auditing Invoicing 52

PYMNTS

DECEMBER 11, 2020

Manual accounts receivable (AR) processes are a headache for any administrative professional. In the accounting profession, manually having to determine the fiscal value of services provided, and creating physical documents to bill clients, is a significant use of valuable time that could otherwise be spent on driving revenue for the firm.

Accounting 89

Accounting Invoicing Accounting Firms Forecasting 89

VCFO

JULY 22, 2022

ASC 842 is a new accounting standard set forth by the Financial Accounting Standards Board (FASB). These impacts will include major changes to accounting practices and financial reporting, as well as increased scrutiny of contracts, service agreements, and all leases starting now and moving forward. A Lease or Not a Lease?

Accounting 75

Accounting Accounting Standards Economics Advertising 75

CFO Simplified

DECEMBER 12, 2021

The terms “finance” and “accounting” are often used interchangeably. There are, however, very real differences between finance and accounting. While many business owners look for a CFO to bolster their existing accounting team, here at CFO Simplified, we consider that a CFO would be categorized squarely in the finance category.

Accounting 52

Accounting Finance Cash Flow Forecasting Quantitative Analysis 52

Musings on Markets

NOVEMBER 10, 2022

In this post, I will revisit Facebook's most recent earnings report, and argue that while it contained disappointing news on growth and profitability, the bad news was exaggerated by systematic inconsistencies in how accountants categorize expenses, skewing earnings and invested capital down in firms that don't fit the accounting prototype.

Accounting 77

Accounting Advertising Valuation Investments 77

Spreadym

JUNE 13, 2023

The chart of accounts is a systematic listing of all the financial accounts used by an organization. In the chart of accounts, each account is assigned a unique code or number and is categorized into various groups or categories. The chart of accounts helps in maintaining accurate and consistent financial records.

Accounting 52

Accounting Financial Analysis Compliance Benchmarking 52

CFO Share

NOVEMBER 18, 2021

Since the 2018 South Dakota vs Wayfair, Inc ruling, the tax code declares that sales tax needs to be collected by the retailer if they are selling to another state, regardless of physical presence. A product that was federally illegal a few short years ago, the sale of hemp products is expected to generate $20 billion in sales by 2024.

Sales 52

Sales Economics Education Retail 52

https://trustedcfosolutions.com/feed/

OCTOBER 3, 2022

Many growing businesses have recognized and harnessed the benefits of outsourcing their accounting services. Rather than hiring full or part-time accountants or bookkeepers as permanent staff members, it often makes more sense to simply outsource —from both a monetary and scaling perspective. Up-to-Date Software & Technology.

Accounting Firms 70

Accounting Firms Accounting Accounts Payable CFO 70

PYMNTS

SEPTEMBER 24, 2020

24) that over half of its combined off-premise sales at its three largest brands during the company’s fiscal Q1 were completely digital. However, same-restaurant sales were down 28.2 As for its overall results, Darden reported diluted net earnings per share from continuing operations of 28 cents on total sales of $1.53

Sales 64

Sales Accounting Forecasting Technology 64

PYMNTS

JUNE 22, 2020

PayPal will offer direct cryptocurrency sales for customers, CoinDesk reports. According to Chief Financial Officer John Rainey , the digitization of the payments industry can mean a huge leap forward for around 2 billion people in the world who don’t have a checking or savings account, among other common things.

Sales 131

Sales Accounting 131

Future CFO

MAY 26, 2022

According to Victor Ng , regional vice president for Asia, BlackLine , intercompany accounting involves the recording of financial transactions between different legal entities within the same private company. To Ng, the most common red flag is unreconciled intercompany accounts. The intercompany complexity.

Mergers and Acquisitions (M&A) 98

Mergers and Acquisitions (M&A) Accounting Foreign Exchange Compliance 98

Future CFO

JANUARY 13, 2022

Inadequate accounts receivable management is a very common problem among the majority of business organizations. Around 40% of the survey respondents are pessimistic about the outlook for their Days Sales Outstanding (DSO), and 25% express concern over their liquidity levels as the pandemic continues across Asia.

Accounting 52

Accounting Invoicing B2B Sales 52

CFO Share

APRIL 25, 2022

How can you be a best-in-class business if your accounting is a mess? Read on to learn the process if you are ready to clean up your accounting mess. What is accounting cleanup? Accounting cleanup, like any cleanup, is an activity we hate to do but desperately need. How do you clean up an accounting mess?

Accounting 72

Accounting Valuation Planning Financial Reporting 72

Navigator SAP

JUNE 25, 2024

The Top 100 resellers are chosen from organizations specializing in the sale and implementation of Enterprise Resource Planning (ERP) and accounting software. Navigator Business Solutions has been named to Bob Scott’s Top 100 VARs for 2024.

Sales 203

Sales Accounting Planning 203