PYMNTS

OCTOBER 29, 2018

More than 670 professionals at mid-sized and large firms were asked about how they collaborate with human resources and IT departments, both areas of the enterprise that have significant impacts on financial management.

CFO 58

CFO Corporate Finance Risk Management Finance 58

The Charity CFO

OCTOBER 9, 2024

Instead, accounting software prioritizes accuracy, standardization, and regulatory compliance. For nonprofits, GAAP ensures transparency, accuracy, and consistency in financial statements. Accurate and transparent financial data makes it easier for stakeholders and regulators to understand an organization’s financial health.

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

The Charity CFO

AUGUST 21, 2024

Misaligned goals and priorities: Fundraisers focus on securing funds quickly, while accountants prioritize accurate recording and management. Timing and urgency of information needs: The difference between when a team needs information can cause delays in gathering and reporting accurate financial data.

Communication 52

Communication Accounting Nonprofit Budgeting 52

CFO Plans

SEPTEMBER 24, 2024

Platforms like QuickBooks and Xero provide real-time insights into financial data, enabling more informed decision-making and efficient tax preparation. This accessibility ensures that business owners and financial advisors can collaborate seamlessly, leading to more effective financial planning and tax strategy formulation.

Tax Planning 52

Tax Planning Compliance CFO Risk Management 52

CFO Plans

MAY 2, 2024

Whether you need outsourced bookkeeping services or advanced financial reporting, your partner should be able to accommodate your needs without disruption. Regular meetings, clear reporting, and a dedicated point of contact will ensure that you stay informed and aligned with your financial goals.

Accounting 52

Accounting Problem Solving Communication Compliance 52

The Charity CFO

JULY 1, 2024

There’s a wide range of accounting services your organization might need, including: Bookkeeping Financial reporting Tax preparation Audit support These key services are vital to maintaining the financial health of your organization. You should also choose nonprofit accounting services that prioritize nonprofit data privacy.

Nonprofit 52

Nonprofit Accounting Budgeting Accounting Firms 52

CFO Plans

SEPTEMBER 24, 2024

Take, for example, a tech startup that used virtual accounting to manage its finances remotely, saving on overhead costs and allowing for real-time financial tracking. These services can help you keep track of expenses, manage payroll, and ensure accurate financial reporting, all while keeping costs down.

Tax Planning 52

Tax Planning Accounting Planning Budgeting 52

CFO Talks

AUGUST 21, 2024

Following local tax laws, international financial reporting standards (IFRS), and other rules is essential but challenging. Staying informed about upcoming changes allows for proactive adjustments in financial reporting and tax planning.

Corporate Finance 52

Corporate Finance Finance Cash Flow Forecasting IFRS 52

The Finance Weekly

FEBRUARY 8, 2023

This includes utilizing cloud-based solutions, automating manual processes, and implementing real-time analytics tools to gain deeper insights into financial data. Emphasize Data-Driven Decision Making In today's data-driven world, CFOs must lead the charge in using data and analytics to inform financial decisions.

CFO 52

CFO Prioritization Finance Communication 52

Spreadym

JUNE 27, 2023

Financial Analysis: FP&A professionals conduct in-depth analysis of financial data to assess the organization's performance and identify areas for improvement. This includes analyzing revenue and expense trends, profitability, cost drivers, key performance indicators (KPIs), and financial ratios.

Financial Planning and Analysis (FP&A) 52

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

PYMNTS

OCTOBER 30, 2020

Businesses also prioritize having up-to-date financial status data that will enable them to carefully oversee liquidity across all their various bank accounts and to make accurate decisions. On the consumer side, [cash flow reporting is] not a concern,” Carter said. “If

B2B 59

B2B Banking Economics Prioritization 59

The Charity CFO

AUGUST 15, 2023

To support and maintain the organization’s tax-exempt status, nonprofit accountants have to understand and adhere to IRS rules for: Tax-exempt organizations Reporting requirements Maintaining proper documentation Reporting Financial reports and statements provide a transparent view of the organization’s financial performance.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

Planful

JANUARY 11, 2022

In 2018, McKinsey reported that CFOs who didn’t adopt digital innovations like artificial intelligence (AI) were in danger of falling behind their counterparts in IT and marketing. When the COVID-19 pandemic hit two years later, it forced businesses to prioritize digital to stay afloat.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Reconciliations 40

Spreadym

JUNE 19, 2023

Categorize and prioritize your expenses to identify essential versus discretionary spending. These features provide comprehensive visibility into your cash flow and help you make informed financial decisions. Reporting Limitations: Some users have reported limitations in terms of advanced reporting capabilities in FreshBooks.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52