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5 Accounting Challenges Startups Face and How to Help Them Thrive

The CFO College

If they have to rely on capital raising, it’s hard for companies to attract private or institutional investors in competitive markets without a great accountant and strong financial model. The deck includes: Bullet-proof financial model. Managing Taxes and Sales Tax -- Almost every business must file and pay taxes.

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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. Siloed financial data can lead to false assumptions because insight isn’t based on a complete picture.

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Why Businesses Are Choosing Other Options Over Excel Spreadsheets for Financial Forecasting

Centage

Why Businesses Use Spreadsheets for Financial Forecasting Many small businesses start using Excel spreadsheets for bookkeeping and budgeting. For example, you may use spreadsheets to plan your fiscal year or maintain your client sales list. With these spreadsheets, you can store, organize and analyze valuable data.

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Why Businesses Are Choosing Other Options Over Excel Spreadsheets for Financial Forecasting

Centage

For example, you may use spreadsheets to plan your fiscal year or maintain your client sales list. The process of generating what-if scenarios and financial models or incorporating several variables at once could be time-consuming. Regularly modify and monitor your financial plan.

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10 Best FP&A Software Tools: A Comprehensive Buyer’s Guide [2023]

Onplan

OnPlan is a financial modeling and forecasting tool built by financial planners and analysts. This includes integrations with systems like Salesforce, QuickBooks, NetSuite, Xero, and Sage so you can analyze and use all your data—including, HR, sales, and CRM—in one place. Sales planning, incentives, and insights.