CFO Share

JULY 16, 2024

They foster trust and secure funding by communicating the company’s financial health, investment opportunities, and risks. They develop and present financial narratives that attract investors and secure the necessary funding for growth. They regularly audit processes to maintain the integrity of financial operations.

Financial Planning and Analysis (FP&A) 98

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

Centage

JULY 25, 2023

Consolidating your financial data across several general ledgers quickly becomes complicated when you use spreadsheets. The lack of controls and security lead to spreadsheet vulnerability. When you begin sharing your Excel spreadsheet across your business, you put your sensitive data at risk for security concerns.

Budgeting 98

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

https://trustedcfosolutions.com/feed/

APRIL 5, 2023

Uses one set of financials and multi-dimensional reporting with an integrated General Ledger and real-time views of current and historical data. Allows user-defined workflows to improve efficiency, compliance, and transparency, providing consistent audit trail visibility.

General Ledger 62

General Ledger Reconciliations Accounting Standards Leverage 62

The CFO College

JUNE 3, 2021

Acquiring these advanced types of services, like setting up a permanent audit trail, rolling cash forecast, month-end reporting, and strategic planning, is the secret sauce your potential client needs to know how their money flows in and out of their company (and what their financial future will look like). Know Your Clients Wants and Needs.

Accounting 52

Accounting CFO Auditing General Ledger 52

Centage

OCTOBER 3, 2022

Data Security Vulnerabilities Excel spreadsheets may have more data security vulnerabilities than more advanced solutions. Excel also lacks role-based security, so anyone with the password can see everything in the spreadsheet. Fraud can be challenging to prevent if there is a lack of an audit trail with Excel.

Forecasting 98

Forecasting Budgeting Data Analysis Financial Modeling 98

Planful

JUNE 22, 2017

Assets, Liabilities, Equity, Revenue, and Expense accounts) from multiple general ledger systems, and mapping it to a centralized chart of accounts. Undetected errors can occur and spreadsheets don’t provide adequate audit trails regarding changes to financial results in the process.

Accounting 40

Accounting General Ledger IFRS GAAP 40

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