The Charity CFO

JULY 19, 2024

Bookkeepers, accountants, and Chief Financial Officers (CFOs) all serve critical roles in managing an organization’s finances. What is a Chief Financial Officer (CFO)? A Chief Financial Officer (CFO) is a senior executive in charge of the strategic direction and goal setting of a nonprofit’s accounting and financial management.

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CFO Accounting Nonprofit General Ledger 52

CFO Talks

JUNE 23, 2022

Here are three suggestions for how to future-proof your CFO team. . CFOs especially are increasingly involved in strategic business decisions. To do this, they must surround themselves with a versatile, innovative and adaptable finance team. This counts for your finance team. Here’s how you can build one.

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Finance General Ledger CFO Accounting 52

The Charity CFO

APRIL 29, 2022

Examine the general ledger for expenses that should have been capitalized, income that should have been recorded as liabilities, or other unusual transactions. Every number agrees to the relevant account balance or general ledger transaction. Reconcile net assets (with and without donor restriction). Get the free guide!

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Nonprofit Auditing General Ledger Reconciliations 105

CFO Simplified

NOVEMBER 21, 2022

President of CFO Simplified, Larry Chester , explained in detail how to do petty cash the right way. Take those expenses and summarize them by the GL (general ledger) account that’s being used for those expenses. This will enable accuracy in tracking finances. What is Petty Cash? You then want to, .

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General Ledger Reconciliations CFO Accounting 98

Future CFO

SEPTEMBER 26, 2022

A touchless close is what finance functions want, Gartner said recently. According to survey of 155 finance executives by the advisory firm in February 2022, 55% of respondents aimed for a touchless financial close by 2025. Automation in most finance functions has gone after low-hanging fruit,” said Bhattacharjee.

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Finance General Ledger Reconciliations Auditing 52

https://trustedcfosolutions.com/feed/

NOVEMBER 30, 2022

Your first step should be to get up close and personal with your finances to identify areas of opportunity and understand your business performance. From sales (Salesforce/Hubspot), to A/P (Bill.com/Routable) to A/R (Harvest), this ecosystem provides for the continuous flow of data to the general ledger.

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General Ledger Compliance Forecasting Finance 108

PYMNTS

FEBRUARY 13, 2019

Love noted that he sees APIs as a growing presence in corporate finance, as banks react to the demand among consumers and businesses to take control of their own data. “You won’t just crack open your general ledger to a CRM database guy.”

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Finance General Ledger Accounts Payable Math 75

CFO Thought Leader

JULY 31, 2024

Read More Going forward, a decision by White to specialize in finance, rather than following the traditional rotation between operational and financial roles, was initially met with skepticism inside the military. Early in his career, it was suggested that his focus on finance could limit his promotion prospects. Coast Guard.

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Finance General Ledger Education Accounting Standards 52

Focus CFO

JUNE 16, 2023

Scott has more than 20 years of diverse Finance and Accounting leadership experience spanning companies of all sizes and across multiple industries that include manufacturing, distribution, and professional services.

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General Ledger Leadership Manufacturing Forecasting 52

CFO Thought Leader

SEPTEMBER 17, 2023

Read More “That experience has since helped me by allowing me in many cases to rationalize things by saying, ‘Well, this is not as bad as what I dealt with there,’” comments Kevers, who these days, as CFO of Carta, appears to be focused as much on internal communications as he is on external PR.

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CFO General Ledger Finance Communication 52

CFO Thought Leader

AUGUST 1, 2024

Coast Guard Granted Larry White an Expansive Finance Career The post The Mentoring Round | Larry White, Commanding Officer (emeritus), U.S. Coast Guard Finance Center appeared first on CFO THOUGHT LEADER. 1,021: A Taste for Professional Growth: How the U.S.

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Finance Budgeting CFO General Ledger 52

CFO Thought Leader

AUGUST 5, 2024

Todd Patriacca was more than a dozen years into his finance career when two things happened that accelerated its trajectory. Patriacca saw the potential to apply these methodologies to finance. ” –Todd Patriacca, CFO, BVI Medical CFOTL: Tell us about BVI Medical … what does this company do, and what are its offerings today?

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CFO Accounts Payable Finance Manufacturing 52

https://trustedcfosolutions.com/feed/

DECEMBER 14, 2021

How do you dramatically improve reporting and gain visibility into your financial data while reducing your General Ledger accounts by more than 90%? In this one-hour webinar, you’ll learn about the benefits of a modern financial management system and its game-changing multi-entity, multi-dimensional, General Ledger?starting

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Accounting General Ledger Financial Systems Financial Data 52

The CFO College

JUNE 3, 2021

Increase Your Value and Boost Your Services with Two CFO-Level Accounting Tools. Simply by implementing a few CFO-level skills and tactics (and learning how to prove our value to potential clients), you can position yourself as someone your clients instinctively turn to as they navigate the sometimes turbulent waters of running a business.

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Accounting CFO Auditing General Ledger 52

CFO Share

MAY 22, 2024

Take the time to examine your item masters, product codes, general ledger mappings, and the structure of your chart of accounts. This must be set up in your accounting system correctly and requires manual mapping of balance sheet GLs to operating, investing, and financing uses of cash. Ignoring the system setup.

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Profit and Loss General Ledger Accounting Financial Reporting 105

CFO Talks

FEBRUARY 20, 2024

Farhaan Moolla: Innovative Leadership: The Journey of a modern and dynamic CFO Written by: Staff writer In this podcast Farhaan Moolla, a seasoned CFO with a notable career in financial leadership and strategic planning, shared his journey, beginning with his entrepreneurial family background. Farhaan : Mornin g, Nicola a s !

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Leadership CFO Accounting Finance 52

Future CFO

AUGUST 1, 2023

Specific to the automation of finance and accounting processes, can you identify the top three areas mid-size enterprises are prioritizing to automate? This can help them stay competitive in today's fast-paced business environment and stay ahead of their competitors in the global market.

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https://trustedcfosolutions.com/feed/

JUNE 15, 2021

As the CFO, there’s always some shiny new toy being pitched by the, wait for it – CRO, CTO, CMO & PM. If you’re like other CFOs, you probably want a good dashboard to monitor KPIs & a tool that lets you visualize data across the firm. Intelligent General Ledger. Does the world need another acronym?

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General Ledger CFO Financial Data Budgeting 57

Michigan CFO

JUNE 14, 2022

Comptrollers report to the Chief Financial Officer (CFO). According to Zippia , the “career expert,” over 203,174 Finance Controllers are in the United States. Financial controllers report to the CFO of their organizations. Some of their general responsibilities are highlighted below. Comptroller and Controller vs. CFO.

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General Ledger CFO Budgeting Accounts Payable 40

BlueLight

JULY 16, 2020

myStartUpCFO I recently spoke with finance leaders from a couple dozen startups. These businesses ranged from seed stage companies where the CEO was the finance leader to growth stage companies with an in-house CFO. More and more, I found myself playing the role of an outsourced CFO?—?especially

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Startups CFO Reconciliations General Ledger 52

VCFO

MAY 19, 2023

Owners and others that find themselves confused about any elements of the test can easily confer with an external finance expert steeped in R&D Tax Credit eligibility to help them through the process. Cases In Point As fractional CFO s, we support a diverse array of companies.

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General Ledger Startups CFO Finance 69

Planful

JUNE 22, 2017

Here are the key accounting consolidation steps in the finance consolidation process : Collecting trial balance data (e.g., Assets, Liabilities, Equity, Revenue, and Expense accounts) from multiple general ledger systems, and mapping it to a centralized chart of accounts. Loading data from different systems is a manual process.

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Accounting General Ledger IFRS GAAP 40

CFO Talks

JANUARY 31, 2023

1X ‘Humanitarian at heart’ Welcome to the CFO Club Africa podcast, where we interview leading CFOs from Africa and beyond. CFO Club Africa is a division of the Chartered Institute of Business Accountants, the professional body for business accountants, financial managers and chief financial officers. Go to www.cfoclub.co.za

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CFO Auditing General Ledger Finance 52

The Charity CFO

APRIL 25, 2024

About The Charity CFO The Charity CFO is an accounting firm specializing in serving nonprofits through outsourced accounting and fractional CFO services. This case study is the story of how The Charity CFO has helped organizations to navigate accounting and create simplicity instead of chaos. Where is the money?

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Nonprofit Accounting CFO Auditing 52

Planful

SEPTEMBER 10, 2015

ERP includes a general ledger which summarizes all of the details from other modules like purchasing, accounts payable, and accounts receivable. It is generally driven by the finance department or CFO of the enterprise. A good EPM solution will also make the financial auditing process much simpler and faster.

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Planning General Ledger Accounts Payable Budgeting 40

https://trustedcfosolutions.com/feed/

APRIL 5, 2023

As your business reaches the end of each month, your finances require precise maintenance , but that also means diving headfirst into endless spreadsheets and financial statements —an absolute nightmare. Streamlines invoicing and payment processes help you get paid faster and reduce the time it takes to close out the month.

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General Ledger Reconciliations Accounting Standards Leverage 62

Bramasol

NOVEMBER 13, 2023

For example, at Bramasol we made a decision over a decade ago to focus on SAP finance solutions for the office of the CFO, with a specific emphasis on the new revenue recognition compliance requirements in ASC 606 and IFRS 15.

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SAP General Ledger IFRS Compliance 72

The Charity CFO

OCTOBER 9, 2024

For example, some key features of accounting software include: Maintaining the general ledger Creating financial statements Accounts payable/receivable management The Incompatibility of Fundraising and Accounting Data The core functions of fundraising and accounting software play the main role in why you can’t integrate them.

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Accounting GAAP Nonprofit Accounting Principles 52

Future CFO

SEPTEMBER 21, 2020

As entire workforces have moved to remote working environments and key finance and accounting activities like the financial close are being done outside of an office, technology is now the means by which organisations are ensuring business continuity. This shift will accelerate as more businesses jump to the cloud.

Accounting 52

Accounting Technology Mergers and Acquisitions (M&A) Leadership 52

Future CFO

AUGUST 2, 2021

The survey — the 2021 AFP xP&A Survey and underwritten by Jedox — generated 300 responses from corporate finance practitioners in April 2021. Compiling disparate operational data and relating them to the general ledger is key to unlocking the value of xP&A. Other survey highlights.

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Financial Planning and Analysis (FP&A) General Ledger Forecasting Corporate Finance 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. General Ledger Dimensions – ERP systems allow true slicing and dicing of information gathered.

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General Ledger Accounts Payable Manufacturing Planning 52

Onplan

NOVEMBER 30, 2022

Finance professionals and teams today have numerous solutions available to help them plan, budget, forecast, and analyze financial information. Because OnPlan was designed by financial professionals, it has given the company unique insight into the data modeling requirements of a modern finance department. Batch change capabilities.

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