Remove Financial Data Remove Financial Reporting Remove General Ledger
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Advanced Bookkeeping Techniques for Growing Businesses

CFO Share

This practice reduces clutter in your general ledger and minimizes the risk of errors. Strategically assess your software stack and determine which details belong in the general ledger and which should be managed by other systems. This keeps your books simple, clean, and focused on critical financial information.

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NetSuite and Cube: how integrating your ERP and FP&A systems unlocks productivity

Cube Software

Most companies use an ERP to manage their General Ledger (GL). The GL serves as the cornerstone for all financial reporting and procedures, establishing the framework for financial data management. NetSuite is a popular ERP system built for organizations of all sizes.

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The Key Differences Between a Controller and a CFO in Small Businesses

CFO Share

In contrast, a CFO is a more strategic financial professional, focusing on long-term planning, investor relations, and overarching financial strategy. Purpose of the Role The controller ensures financial reporting compliance and accuracy while preventing and detecting fraud.

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The Dual Purposes of Accounting and Fundraising Software

The Charity CFO

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.

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The Difference between a Bookkeeper, an Accountant, and a CFO

The Charity CFO

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. Get the free guide!

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Today’s Business Budgeting; Can Your Spreadsheet Software Keep Up

Centage

With the fast pace of business change, CFOs need accurate financial information to make informed decisions on the fly. Accounting has evolved quite a bit since the early days of double-entry systems and general ledgers. Compounded over many rows, even a simple mistake can lead to faulty financial data.

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Why Excel Spreadsheets Are Not Meant for Business Budgeting

Centage

Otherwise, you risk sharing incorrect financial data. Consolidating your financial data across several general ledgers quickly becomes complicated when you use spreadsheets. Fortunately, Planning Maestro offers cloud budgeting and planning software that simplifies the financial consolidation process. .