CFO Simplified

DECEMBER 26, 2021

Mid-sized businesses benefit the most from hiring a fractional CFO. At this level, there is enough complexity that CFO services can positively impact business decisions. We know, however, that hiring a full-time CFO can come with a hefty price tag. In these scenarios, bringing in a fractional CFO can benefit everyone.

Finance 52

Finance General Ledger CFO Auditing 52

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. Accruals and reversals are automated, and entries are visible at all times, reducing the manual work needed for journal entries and reconciliations.

General Ledger 62

General Ledger Reconciliations Accounting Standards Leverage 62

Future CFO

SEPTEMBER 26, 2022

Finance has also invested heavily in technology to reduce time to close, with three technologies deployed by more than half of functions already: general ledger technology, a financial close solution, or workflow automation, Gartner said. 86% said they wanted a faster, real time close. 68% mentioned they want a cheaper close.

Finance 52

Finance General Ledger Reconciliations Auditing 52

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.

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

CFO Share

JULY 14, 2022

Too many general ledger (GL) accounts. Too many general ledger accounts. That can lead to “GL diarrhea”: too many ledgers, multi-page P&Ls, and unusable financial statements. Unusable financial statements come from one or many distinct sources. Incorrect costing or no costing.

General Ledger (GL) 52

General Ledger (GL) General Ledger Profit and Loss Invoicing 52

BlueLight

JULY 16, 2020

These businesses ranged from seed stage companies where the CEO was the finance leader to growth stage companies with an in-house CFO. I caught up with Sandeep Shroff, Co-Founder and CEO of myStartUpCFO , an accounting firm that provides on-demand full-stack CFO services for startups. Startups often leave bookkeeping tasks with us.

Startups 52

Startups CFO Reconciliations General Ledger 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

Embark With Us

JANUARY 19, 2022

But take a step further than a tool's sweet spot and a CFO is asking for trouble. Put another way, our Finance Transformation team has been extraordinarily successful using Alteryx for a while now, and we want to share the knowledge with our brethren working under the office of the CFO. Reconciliations shouldn't induce night sweats.

Accounting 98

Accounting Finance Data Analysis General Ledger 98

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. Check the last reconciliation date for all cash and credit card accounts. Ignoring the system setup. Incorrect system setup is one of the most common reporting mistakes.

Profit and Loss 105

Profit and Loss General Ledger Accounting Financial Reporting 105