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Scaling a Nonprofit: Lessons from Southside Blooms’ Rapid Growth

The Charity CFO

As the organization grew, they needed to implement formal policies, handle compliance issues, and professionalize their approach to managing employees. Financial Management Moving from basic bookkeeping to GAAP-compliant accounting became necessary as the organization grew.

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The 3 Jobs Your Startup Should Outsource

Boston Startup CFO

If you’re running an early-stage startup, chances are there are some knowledge gaps in your core team. Are you prepared to manage the day-to-day of your startup, from recruiting new talent to bookkeeping to financial planning? Look for a professional CFO who has experience working with startups. So, what should you do?

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Financial Accounting Hierarchy - By JP Puchulu

Boston Startup CFO

However, don't undervalue the significance of comprehending finance for your startup's survival. Tier 2: Basic Accounting In this tier, accountants close the books on a monthly basis and create basic financial statements to aid founders in assessing their startup's financial standing.

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Lending Club’s Terrible Twos

PYMNTS

When I founded my first startup, it got me thinking — banks are middlemen that can and should be disrupted,” Laplanche noted in a 2007 interview on how he came up with the idea of Lending Club. Furthermore, there were reports that the date on the loans were tampered with to ensure they were within compliance requirements.

GAAP 73
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Which IRS Form 990 Should Your Nonprofit File?

The Charity CFO

It simplifies the filing process for very small and startup nonprofits. . If your organization falls into the $50,000-$200,000 range but must complete an annual audit for funding or GAAP purposes, it is wise to skip Form 990-EZ and head straight to the full form. . Simple e-postcard for nonprofits earning less than $50,000/year.

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The 5 Best Financial Reporting Software to Enhance the Productivity of CFO

Spreadym

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have.

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Bridging the Gap: Dr. Daan Steenkamp on South Africa’s Underinvestment in Intangible Assets

CFO Talks

Barriers such as regulatory constraints and difficulties for tech startups, which hinder the growth of a thriving tech sector in South Africa. They need to determine how to capitalize intangible assets and ensure compliance with local and international accounting standards (e.g., IFRS, US GAAP).