Remove Accounts Payable Remove Financial Reporting Remove Strategic Planning
article thumbnail

The Key Differences Between a Controller and a CFO in Small Businesses

CFO Share

In contrast, a CFO is a more strategic financial professional, focusing on long-term planning, investor relations, and overarching financial strategy. Purpose of the Role The controller ensures financial reporting compliance and accuracy while preventing and detecting fraud.

article thumbnail

From Necessary Evil to Mission Fuel: The Strategic Role of Nonprofit Financial Statements

The Charity CFO

Analyzing Financial Structure : By presenting the organization’s assets and liabilities, the statement assists in analyzing the financial structure, including the composition of assets (e.g., accounts payable, loans). This analysis supports financial analysis, budgeting, and investment decision-making.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

From Controller to CFO: What Changes?

CFO Talks

Key Differences in Everyday Tasks: Reporting: The Controller prepares financial reports; the CFO reviews these reports and uses them to make decisions or plan strategies. The CFO looks at this budget with a telescope, considering how it fits with the company’s long-term plans and what changes might be needed.

CFO 52
article thumbnail

The Difference between a Bookkeeper, an Accountant, and a CFO

The Charity CFO

Their primary role is to ensure that all transactions are entered into the accounting system with accuracy and consistency. Thus, the nonprofit CFO carries the most significant responsibility out of the three by overseeing the entire financial strategy and management of the nonprofit. Get the free guide!

CFO 52
article thumbnail

What Controllers Can Do to Help Leverage FP&A Solutions

The Finance Weekly

Strategic: Quality of various strategies helping companies reach short and long term goals. Compliance: Abide by laws regarding environmental regulations, financial reporting, etc. The business metrics of CPM fall into 5 categories: Customer: Satisfaction and loyalty of customers.

article thumbnail

Best Practices from the CFO Suite

BlueLight

The financial implication of these decision is critical and the CFO is the executive helping the CEO navigate these decisions. Historically, the CFO role was focused on backward looking information: ensuring on-time and accurate financial reporting. Pre Series B, it’s a part-time role to simply track past financial numbers.

CFO 52
article thumbnail

Computer Retailer – Accounting Methods

CFO Simplified

Negotiate agreements with their largest vendors for a write-down of amounts due and a payment schedule—or convert their accounts payable balances into term notes with scheduled payments and a balloon payment at the end. Financial Reporting. The company’s financial results varied wildly from month to month.