CFO Share

JUNE 18, 2024

Practice reconciliation both with and without the integration. By involving department heads in the quality assurance process, you enhance the accuracy of your financial data and build a culture of accountability and teamwork. This is where a fractional CFO can be invaluable. Provide bookkeeping tips to junior staff.

General Ledger 105

General Ledger CFO Accounts Payable Financial Data 105

CFO Plans

SEPTEMBER 24, 2024

The need for strategic financial planning and real-time financial reporting has never been more critical. However, hiring a full-time Chief Financial Officer (CFO) can be a significant financial burden for small enterprises. Discover how virtual CFO services can transform your business today.

CFO 52

CFO Startups Tax Planning Accounting 52

The Charity CFO

JULY 19, 2024

Accountants run reports to help determine if the bookkeeping is done correctly. 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.

CFO 52

CFO Accounting Nonprofit General Ledger 52

CFO Talks

SEPTEMBER 5, 2024

Designing Effective Financial Information Systems: A Guide for South African CFOs In the ever-changing financial landscape, the strength of your financial information system (FIS) plays an important role in determining your organisation’s success.

IFRS 98

IFRS GAAP Compliance Reconciliations 98

CFO Thought Leader

OCTOBER 6, 2024

Or so Partin tells us as he recounts the circumstances surrounding the first of five CFO appointments that have thus far punctuated his finance leadership career. “I Read More This first CFO role cemented Partin’s belief that the CEO–CFO partnership is the most critical relationship in any company.

CFO 52

CFO Leadership Tax Planning Problem Solving 52

The Charity CFO

APRIL 29, 2022

That means keeping your paperwork organized, staying current on your reconciliations, tracking restricted funds , and accurately recording all your expense and revenue transactions each month. Examine all bank reconciliations for outstanding transactions which could be erroneous. Step 2: The nonprofit audit checklist.

Nonprofit 105

Nonprofit Auditing General Ledger Reconciliations 105

CFO Talks

MARCH 20, 2024

From Controller to CFO: What Changes? Moving from being a Controller to a CFO is a big step up. Both the CFO and Controller deal with the company’s finances, but they focus on different things. The CFO, however, looks at the bigger picture. It’s like going from keeping score to calling the plays.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

CFO Simplified

NOVEMBER 28, 2022

The President of CFO Simplified, Larry Chester , shares the importance of inventory value reports with us. . What is the Inventory Value Report? An inventory value report is a financial report that lists the value of a company’s inventory at a specific point in time.

General Ledger 98

General Ledger Accounts Payable CFO Reconciliations 98

The Charity CFO

FEBRUARY 4, 2022

Prepare bank reconciliations. They organize the data and ensure accuracy so the accountant can create reliable and timely financial reports. At The Charity CFO, we handle the books and all of your accounting needs. Plus, give you timely financial reports and expert advice that help you carry out your mission.

Nonprofit 98

Nonprofit Invoicing General Ledger Accounting 98

The Finance Weekly

JANUARY 22, 2024

Joe Berchtold, the President and CFO of Live Nation Entertainment, earned an impressive $52.4 million in 2023, making him the ,, highest-paid CFO in the United States. Aspiring individuals may wonder how they can achieve similar heights and earn big as a CFO. Prepare quarterly and annual tax filings.

CFO 52

CFO Education Communication Risk Management 52

The Charity CFO

MARCH 6, 2024

Red Flag #1: Bank Account Reconciliation Whether the business is accrual or cash basis, it does not matter. Reconciliation is necessary and the bare minimum for successful completion of the accounting role. Once these have been transferred into the accounting system, QuickBooks for example, reconciliation is the next step.

Nonprofit 59

Nonprofit Accounting Reconciliations Invoicing 59

Centage

SEPTEMBER 6, 2022

As a business owner or chief financial officer (CFO), spreadsheets may be an important part of your financial forecasting, planning, and budgeting processes. So, why are so many companies relying on them to handle their financial needs? As organizations expand, they will need to rely on more complex reporting functions.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

Future CFO

JUNE 4, 2024

launched its Financial Reporting Analytics solution, which will be sold as an SAP Solution Extension under the name SAP Account Substantiation and Automation by BlackLine, financial review option. BlackLine, Inc.

SAP 52

SAP GAAP Reconciliations CFO 52

Future CFO

AUGUST 1, 2023

FutureCFO spoke to Deka to dig deeper into the topic: Which features/capabilities in financial applications are most in demand by mid-size enterprises? However, the demand for features/capabilities of financial applications can differ based on their company size, maturity, and business needs and goals.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

Future CFO

APRIL 18, 2022

It also helps finance teams deliver financial results, create informative financial and management reports, and provide the chief financial officer (CFO) with an enterprise view of key financial ratios and metrics.

Finance 52

Finance IFRS GAAP Accounting Principles 52

CFO Talks

OCTOBER 3, 2024

Regular Reconciliations : Perform surprise cash counts and inventory checks and reconcile sales and deposit records frequently. Pressure from Management : Pay attention to any undue pressure from management to meet financial targets, which may lead to unethical adjustments or misreporting. Investigate any discrepancies promptly.

Invoicing 98

Invoicing Auditing Benchmarking Reconciliations 98

CFO Plans

SEPTEMBER 24, 2024

Imagine having a seamless financial system that not only saves you time but also propels your business forward. Discover how CFO Plans can transform your financial operations today! Stay Ahead with Real-Time Financial Reporting Gone are the days of waiting for monthly reports to understand your financial position.

Accounting 52

Accounting CFO Compliance Financial Reporting 52

Future CFO

JULY 21, 2024

The finance team can make this possible through the management of associated risks with AI, as it plays a greater role in the accounting and financial reporting of businesses. AI can also uncover hidden trends and potential risks in vast datasets, enhancing decision-making and financial controls," Abrol notes.

Finance 104

Finance Accounting Principles Problem Solving Accounting 104

CFO Plans

AUGUST 2, 2024

Discover how CFO Plans can revolutionize your accounting practices. This evolution allows accounting professionals to focus on strategic activities such as business tax planning and CFO consulting for tech startups, rather than getting bogged down with routine tasks. Explore cloud-based accounting solutions with CFO Plans.

Technology 52

Technology Accounting CFO Tax Planning 52

The Charity CFO

MARCH 2, 2022

Isabel is the Onboarding Specialist at The Charity CFO. She focuses on helping new clients feel more confident about their financial records by re-engineering financial systems and minimizing opportunities for errors. I don’t know if my financial reports are inaccurate. In this episode, you’ll discover….

Nonprofit 98

Nonprofit Auditing Reconciliations Accounting 98

https://trustedcfosolutions.com/feed/

FEBRUARY 11, 2023

Having the right strategies in place helps open up new opportunities while preventing major roadblocks in your financial reporting. Contact Trusted CFO Solutions to explore even more possibilities with Sage Intacct. Have questions about how you can improve the accuracy of your numbers and shorten the close cycle?

Accounts Payable 62

Accounts Payable Reconciliations Leverage CFO 62

The Charity CFO

OCTOBER 9, 2024

For nonprofits, GAAP ensures transparency, accuracy, and consistency in financial statements. Accurate and transparent financial data makes it easier for stakeholders and regulators to understand an organization’s financial health. Use data exports and reports to bridge the gap between the two systems.

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

The Charity CFO

JANUARY 19, 2023

There are ongoing efforts to establish International Financial Reporting Standards (IFRS) for nonprofits, which, if successful, could result in greater consistency and comparability of financial information across countries. Help protect against fraud, embezzlement, and mismanagement of assets and resources.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

CFO Leadership

OCTOBER 10, 2023

Future-forward finance and accounting organizations were quick to embrace robotic process automation (RPA) years ago to manage mundane, repetitive back-office tasks like data entry and routine financial reporting. The post Preparing Your Finance Organization for the New Era of AI first appeared on CFO Leadership.

Financial Planning and Analysis (FP&A) 115

Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

CFO Simplified

APRIL 8, 2022

Bring Value through CFO Insights. Bank reconciliations should be reviewed by management. Financial Reporting. He proudly gave me a monthly report, to show how much information he was getting. That report—the Income Statement—was over 90 pages long! But the real question is: Should they?

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Reconciliations Forecasting 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?

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

CFO Simplified

JANUARY 5, 2024

Because of the compliance implications, reconciliation and oversight of these accounts is even more important than comparable oversight of the firm’s bank accounts. Bank Reconciliation and Oversight: Regularly reconcile bank statements with internal financial records to identify any discrepancies promptly.

Auditing 52

Auditing Reconciliations Compliance Securities 52

Future CFO

JANUARY 22, 2024

Modern accounting software integrates seamlessly with diverse financial systems, automating tasks such as data entry, bank reconciliation, and invoice processing. Real-time Data Insights The advent of cloud-based accounting solutions has turned real-time financial data availability into a reality for businesses of all sizes.

Accounting 52

Accounting Reconciliations Financial Analysis Financial Data 52

Centage

SEPTEMBER 6, 2022

As a business owner or chief financial officer (CFO), spreadsheets may be an important part of your financial forecasting, planning, and budgeting processes. So, why are so many companies relying on them to handle their financial needs? As organizations expand, they will need to rely on more complex reporting functions.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

Future CFO

NOVEMBER 27, 2023

The Financial Reporting Council (FRC) calls for IFRS 17 disclosures improvements in its recently published IFRS 17 'Insurance Contracts' thematic review.

IFRS 52

IFRS Accounting Standards Performance Measuring Reconciliations 52

Future CFO

MARCH 27, 2025

"Over the last several years, technologies like Robotic Process Automation and Intelligent Document Processing have streamlined invoice processing, expense management, and reconciliation tasks, resulting in reducing errors and freeing up finance professionals to focus on strategic decision support rather than administrative work," he says.

Compliance 52

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

CFO Plans

AUGUST 21, 2020

. – Associate Controller, CFO Plans. Segregation of duties, automated controls, regular reconciliations, physical controls, spot checks, duty rotations, validation checks, independent approval levels, supervision, skilled employees, etc. What is an internal control system?

Compliance 52

Compliance Reconciliations Communication CFO 52

The Finance Weekly

APRIL 27, 2022

Doing so as a CFO requires the following actions: 1. Additionally, the CEO, CFO, and other C-suite members must lead by example to ensure consistency between their actions and their expectations. Quality Financial Reporting: Given their utmost criticality, financial closings have to be completed accurately and efficiently.

Leadership 52

Leadership Financial Planning and Analysis (FP&A) Communication Reconciliations 52

The Charity CFO

JANUARY 5, 2023

Maintaining healthy financial management is critical for the organization’s sustainability, stability, and flexibility, now and in the future. Poor financial reporting. Financial management is an organization-wide effort. Do You Struggle to Make Sense of Your Financial Statements? Collaboration issues.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

The Finance Weekly

OCTOBER 13, 2021

While using M&A and divestitures to accomplish organizational growth can be extremely advantageous, it is also one of the most difficult tasks a CFO can face. Make a financial reporting strategy. Consider the following questions: Will you transfer Company A's ERP system to Company B's?

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Economics Risk Management Reconciliations 52

Planful

DECEMBER 28, 2016

To discuss the topic of financial reporting tips that will help create a smoother year-end close, Planful, in cooperation with CFO.com, invited thought leaders from The Hackett Group to participate in a webinar titled, The CFO Playbook on Financial Reporting: Tips for a Smoother Year-End Close.

Benchmarking 40

Benchmarking Reconciliations Data Analysis Technology 40

Planful

JANUARY 11, 2022

Without AI, employees are burdened with hours of monotonous tasks like reporting and data reconciliation. This was great for business but led to increasingly long financial reconciliation times. Luckily, Specialized had implemented Planful for worldwide financial reporting and workforce planning four years earlier.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Reconciliations 40