PYMNTS

MARCH 4, 2020

For example, he pointed to multinational corporates’ need for tax provisioning and transfer pricing solutions to promote efficiency and compliance across borders. These applications tend to back right into the General Ledger, the central financial data repository at the heart or ERP core financials,” he said. Disruption Ahead.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

Bramasol

AUGUST 31, 2023

Over the past eight years, many episodes in this blog series have focused on revenue recognition and how SAP solutions such as Revenue Accounting and Reporting (RAR) have provided a robust foundation for compliance with ASC 606 and IFRS 15. This provides the basis for real-time matching of revenue and cost.

SAP 84

SAP Accounting Reconciliations General Ledger 84

The Charity CFO

APRIL 29, 2022

We won’t deal with other types of nonprofit audits , like compliance audits or governmental audits, which can differ in certain respects. Examine the general ledger for expenses that should have been capitalized, income that should have been recorded as liabilities, or other unusual transactions. And do you need one? .

Nonprofit 105

Nonprofit Auditing General Ledger Reconciliations 105

PYMNTS

NOVEMBER 2, 2018

An expansion of its existing integration will introduce enhanced General Ledger Interface mapping via Accountant Connect, allowing accountants to seamlessly link into and interface with QuickBooks and other accounting platforms to manage their small business (SMB) clients’ finances.

General Ledger 62

General Ledger Accounts Payable Benchmarking Accounting 62

Bramasol

JULY 26, 2024

In this episode, we dive into five issues that are at the heart of optimizing Quote-to-Cash to Compliance with SAP Revenue Recognition and subscription management applications, including complex bundling scenarios. Closing and Reporting: How can we shorten our periodic closing cycles while assuring reporting and disclosure compliance?

SAP 79

SAP IFRS GAAP Compliance 79

Bramasol

SEPTEMBER 8, 2024

With a 28 year track record as one of SAP's longest serving partners and the recognized experts in SAP revenue compliance and SAP BRIM/OTC offerings , the Bramasol team has deep experience tailoring SAP solutions to specific client requirements.

SAP 58

SAP General Ledger Compliance Accounting Standards 58

The Charity CFO

FEBRUARY 4, 2022

Execute data entry to keep the general ledger current . On top of that, nonprofit bookkeeping requires staying updated on income tax changes and filing requirements to ensure compliance. . Efficiency, transparency, and compliance are the hallmarks of an organization with effective bookkeeping. . Manage payroll .

Nonprofit 98

Nonprofit Invoicing General Ledger Accounting 98

Future CFO

AUGUST 1, 2023

Financial and accounting processes include managing the general ledger, accounts receivable & payable, billing and invoicing, reporting & analytics, bank reconciliation, budgeting & forecasting, etc. Streamlining payroll management, such as tax filing, salary payments, and benefits, is critical for mid-sized enterprises.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

The CFO College

AUGUST 31, 2021

As an accounting professional, you need to set up many processes for efficient data tracking, including: Month-end tie-out system to close out balance sheets, reconcile general ledger accounts, with full tick marks. Perpetual data room that gives all applicable parties access to reports, transactions, and tax information at any time.

Startups 81

Startups Accounting General Ledger Forecasting 81

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.

SAP 72

SAP General Ledger IFRS Compliance 72

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 Charity CFO

OCTOBER 9, 2024

Instead, accounting software prioritizes accuracy, standardization, and regulatory compliance. This misalignment can make it challenging to add fundraising data into accounting systems without risking compliance or accuracy issues. Let’s consider an example.

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

The Charity CFO

JULY 19, 2024

Common nonprofit bookkeeping tasks include: Recording donations Entering accounts payable and receivable Organizing and reviewing bank statements Maintaining the general ledger These everyday financial duties help bookkeepers provide a clear and up-to-date picture of the nonprofit’s financial status.

CFO 52

CFO Accounting Nonprofit General Ledger 52

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

E78 Partners

SEPTEMBER 21, 2023

Implement Robust Documentation Procedures Maintaining organized records is paramount for any organization, necessitating a systematic approach to filing and ensuring easy access to crucial documents like financial statements, general ledgers, bank statements, and invoices.

Auditing 52

Auditing General Ledger Reconciliations Accounting Standards 52

Michigan CFO

JUNE 14, 2022

Some of their general responsibilities are highlighted below. By keeping accurate records of financial transactions with a general ledger, comptrollers and controllers can monitor cash flow and manage finances effectively. They both manage the accounting operations of public and private organizations, respectively.

General Ledger 40

General Ledger CFO Budgeting Accounts Payable 40

CFO Thought Leader

SEPTEMBER 17, 2023

How do you make all of the compliance requirements a lot easier to manage for legal and finance teams?” We now have a full platform, with a general ledger, that we’ve built ourselves. Read More This, of course, translates into, “Well, how do you help employees to exercise their options?

CFO 52

CFO General Ledger Finance Communication 52

PYMNTS

AUGUST 5, 2016

The CEO explained that, traditionally, accountants would print out reconciliations and store them in binders; auditors would then take a sample of those reconciliation documents and match those against the general ledger. “That is an unbelievably antiquated way of testing anything,” Tucker stated.

Accounting 42

Accounting Reconciliations General Ledger Auditing 42

Future CFO

SEPTEMBER 21, 2020

Think for a moment about how beneficial it would be to work off a single general ledger from anywhere, at any time and in real-time. Technology empowers accountants, and in turn, accountants wield technology as the powerful, meaningful weapon that it really is. It frees up time in the day to work with clients in a more effectively.

Accounting 52

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

Spreadym

JULY 10, 2023

It typically occurs at the end of each month, quarter, or fiscal year and involves various tasks to ensure accuracy, completeness, and compliance with accounting standards and regulations. This ensures transparency, enhances data integrity, and facilitates compliance with regulatory requirements.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 52

BlueLight

JULY 16, 2020

Finance and accounting consist of many niches: accounts receivable management, invoice collection, bill approval, general ledger data entry, bank reconciliation, expense reports, payroll taxes, income tax, compliance, and so on. Startups often leave bookkeeping tasks with us. It also won’t be an effective use of their time.

Startups 52

Startups CFO Reconciliations General Ledger 52

Planful

FEBRUARY 16, 2017

These systems are designed to automatically load data from multiple general ledgers (GL) and other sources – both on-premises and in the cloud. Regulatory Compliance: Yes, It Can Be Easy. You and your staff don’t have to worry about which information is correct and/or up-to-date anymore.

Numbers 40

Numbers General Ledger (GL) General Ledger Financial Reporting 40

The Charity CFO

APRIL 25, 2024

Categorizing transactions, reporting income, and meeting compliance requirements can be overwhelming. Compliance First and foremost, a good accounting system is going to make it easy to stay compliant. For nonprofit organizations, accounting comes with a lot of complexity. What is the actual goal in a nonprofit accounting setup?

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

CFO Talks

FEBRUARY 20, 2024

An experienced CFO with a strong ack record in financial leadership and strategic planning, skilled in financial analysis, risk management, compliance , and financial reporting, a nd excels in team management and fostering a collaborative environment. I’m just going to do a brief overview of Far haan’s CV. And that’s all.

Leadership 52

Leadership CFO Accounting Finance 52

Onplan

NOVEMBER 30, 2022

The Basic level offers essential modeling and planning features, while the Professional and Enterprise plans offer additional security and compliance features, like Audits and App Lifecycle Management. Automated reporting also enforces compliance with GAAP and IFRS standards. Key features.

Financial Planning and Analysis (FP&A) 52

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

CFO Share

SEPTEMBER 23, 2023

Overcomplicating the General Ledger and Chart of Accounts. The Perils of Overcomplicating Your General Ledger Mistake: Creating a general ledger (GL) account for nearly every type of expense. Effective bookkeeping is not just about compliance; it’s about strategic business decision-making.

General Ledger (GL) 52

General Ledger (GL) General Ledger Accounts Payable Communication 52