Wed.Nov 08, 2023

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When to use FP&A software for nonprofits

Centage

Building and maintaining an effective budget is daunting no matter what industry you’re in — but financial planning for nonprofits is especially tough. Finance professionals working in the nonprofit sector deal with unique industry challenges: Managing multiple stakeholders and funding sources Understanding compliance and reporting standards Creating financial processes to account for full-time, part-time, and volunteer staff.

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Nextdoor plans 25% staff reduction, as CFO resigns

CFO Dive

The disclosures came as the social networking app provider reported a third quarter net loss of $38 million, compared with $35 million in the year-ago period.

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Trending Sources

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CFO shortage looms as demand soars amid IPO revival

CFO News

CFO Jobs: The shortage of CFO talent comes in the wake of a dearth of accountants across the globe including the Indian economy.

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PCAOB chief chides auditors for blaming failures on talent shortage

CFO Dive

The quality of audits has trended “in the wrong direction for the second year in a row,” PCAOB Chair Erica Williams said.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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With Rs 7,000 cr cash reserve, Dabur India scouting for acquisitions

CFO News

Dabur has 17 brands that are above Rs 100 crore but less than Rs 500 crore in size, said Malhotra while addressing the investor meeting last week. Earlier this year, Dabur completed the acquisition of 51 per cent stake in Badshah Masala to enter the branded spices and seasoning market. Now, Dabur is expanding Badshah to international markets targeting the international diaspora.

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More Trending

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Fintech platform Stashfin appoints Srinivas Emany as CFO

CFO News

Cfo: Emany possesses over 19 years of experience in diverse sectors, including NBFCs, Mutual Funds, Leasing and Banking.

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The Credit Crunch Is Just Beginning

The Reformed Broker

On this special episode of TCAF Tuesday, Michael Batnick, Barry Ritholtz, and Downtown Josh Brown are joined by Campbell Harvey to discuss: the state of the economy, the yield curve indicator, the next recession, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere else!

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Middle East conflict has not impacted India Inc much but inflation needs monitoring, says CRISIL

CFO News

The agency said that escalation in conflict could stoke inflation and needs close monitoring. A sharp rise in crude oil prices will impact linked sectors in India.

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Collaborative Budgeting Process

Spreadym

Collaborative budgeting is an approach to financial planning and management that involves the active participation of multiple individuals or teams within an organization. It goes beyond the traditional top-down budgeting process, where senior management sets financial targets and allocates resources. In a collaborative budgeting process, various stakeholders across different departments or levels of an organization work together to create, review, and adjust the budget.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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72 per cent Indian businesses expect surge in B2B spending in 2023: Survey

CFO News

The survey by American Express highlighted that 88 per cent of businesses feel optimistic about the future success of their company for the year ahead, well above the global average of 77 per cent.

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The flip side of the coin: how entrepreneurship?oriented insolvency laws can complicate access to debt financing for growth firms

Corporate Finance Lab

Policymakers strive to create legislation that promotes entrepreneurship, as it influences individuals’ propensity to start new ventures. While research extensively covers the effects of tax and interest policies on entrepreneurship, the impact of insolvency laws remains underexplored in law and economics scholarship. In our paper entitled “The flip side of the coin: how entrepreneurship‑oriented insolvency laws can complicate access to debt financing for growth firms”, we examine the chan

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JSW Infra looks to bid for ports under govt's privatisation plan

CFO News

JSW Infrastructure is reportedly among 10 companies, including Dutch dredging contractor Royal Boskalis Westminster N.V, Rail Vikas Nigam Ltd, Container Corporation of India Ltd and Essar Ports Ltd, that have submitted expressions of interest for the project.

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Only 30% of APAC firms to harness generative AI benefits

Future CFO

Generative AI benefits will only be realised by 30% of Asia Pacific firms that have more mature IT practices, according to Forrester’s 2024 predictions. Generative AI benefits include enhanced productivity, greater operational resilience, superior customer experience, and business model innovation the firm said. Though most APAC firms see generative AI as a lever for productivity improvement, their real stumbling block is a risk-averse culture and inadequate data management capabilities, Forrest

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Bombay High Court asks I-T dept to refund Rs 1,128 crore to Vodafone Idea within 30 days

CFO News

Vodafone Idea tax refund case: The Bombay High Court said that the income tax department failed to follow procedure and directed the tax authorities to refund Vodafone Idea Rs 1,128 crore. The court sought action against the assessing officer for causing loss to the exchequer. The court directed the process to be completed in 30 days.

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Six things to look out for a good fractional CFO

Future CFO

Finding the best people to help out your organisation is a crucial task for leaders , as the choices made can make or break the company's future. For companies starting out in the business, some resort to hiring fractional chief financial officers to share their expertise in finance, strategic planning, and other CFO-related activities. Mackey McNeill, founder at business consulting and services firm Mackey , listed out six things to look out for in searching for a good fractional CFO. 1.

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SC holds IBC cannot be held to be operating in retroactive manner

CFO News

In a setback to promoter industrialists, the Supreme Court holds the statute (IBC) does not suffer from any manifest arbitrariness to violate Article 14 of the Constitution. SC rejects challenge to IBC provisions on personal guarantors - challenged by industrialists like Anil Ambani, Venugopal Dhoot and others. SC holds that IBC cannot be held to be operating in a retroactive manner.

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The Mentoring Round | Davinder Athwal, CFO, Phenom

CFO Thought Leader

CFO Davinder Athwal emphasizes the importance of having a mind-set that embraces failure and encourages taking calculated risks. He makes the crucial point that being a CFO doesn’t equate to succeeding at everything. In fact, he believes that failure can often lead to valuable lessons. This is a refreshing perspective in a world where finance professionals sometimes shoulder blame unnecessarily.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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On American shelves, Made-in-India is slowly replacing Made-in-China

CFO News

While US goods imports from China declined by 10% from 2018 through 2022 in inflation-adjusted terms, they rose by 44% from India, 18% from Mexico and 65% from the 10 countries of the Association of Southeast Asian Nations (ASEAN), a recent study by Boston Consulting Group has pointed out.

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The Mentoring Round | Tony Boor, CFO, Blackbaud

CFO Thought Leader

While the leadership journeys of many of our CFO guests began on an upper floor of a glass-and-steel skyscraper affording a wide-angle view of a cosmopolitan metropolis, that of Blackbaud CFO Tony Boor started at street level in Las Cruces, New Mexico, on the edge of the Chihuahuan Desert. Less than an hour’s drive north of El Paso, Texas, Las Cruces is home not only to the main campus of New Mexico State University but also to a full schedule of holiday festivals and a varied collection of reta

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Hello Tata, goodbye Wistron: The anatomy of a $750 million takeover deal

CFO News

The Wistron purchase is expected to spur the next cycle of investments in the Indian electronics manufacturing ecosystem and signals the maturing of the country's contract manufacturing companies, minister of state for electronics and information technology Rajeev Chandrasekhar told ET last week.

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Clocking in and Out: Nonprofit Payroll Issues

The Charity CFO

Clocking in and out each day is a fact of life for tens of millions of workers around the country. But it’s often not the case at many charities and nonprofits, which can gauge an employee’s value by their impact, not just their hours spent in the office. Still, there are some situations where more precisely recording when (or where) you’re working can be beneficial to the organization.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Vedanta Group, Taiwan's Innolux in discussion to team up for display fab

CFO News

"At Vedanta, we are committed to supporting the government's vision of a self-reliant India and are working towards establishing a display fab to enable Atmanirbharta in hi-tech electronics manufacturing," the spokesperson said.

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Merle Waterman Joins vcfo Denver Team as Consulting CFO

VCFO

vcfo introduces Merle Waterman as our inaugural Fractional Integrator, Entrepreneurial Operating System ®. Merle Waterman is a Consulting CFO with more than 30 years of leadership in ecommerce, software, manufacturing, and professional services. Expert at guiding fast-growing start-ups, Merle specializes in helping companies improve their “people operating system” to build profitability.

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Sales of entry-level discretionary products rising; discounts, launches, financing spur demand

CFO News

The industry, however, remains cautious on declaring this as the start of a sustained revival in discretionary demand among low- and middle-income consumers, which has been under stress for more than four quarters due to inflationary pressures.

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Emails tie Ivanka Trump to lenders, ex-CFO. She doesn’t recall much of it.

CFO Dive

Appearing a week after her two brothers, the former president’s daughter took her turn on the stand testifying in the $250 million civil fraud trial.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.