Centage

JULY 25, 2023

At Centage, we deliver an industry-leading solution known as Planning Maestro® to businesses like yours to overcome the challenges that Excel spreadsheets present. Highly Personalized Many Excel users utilize spreadsheets for personal budgeting and financial planning.

Budgeting 98

Budgeting Financial Planning and Analysis (FP&A) General Ledger Forecasting 98

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. Get the free guide!

CFO 52

CFO Accounting Nonprofit General Ledger 52

Bramasol

SEPTEMBER 8, 2024

Better Insights : Provides deeper insights into revenue metrics and performance, supporting better decision-making and strategic planning. Event-based revenue recognition is fully integrated with the General Ledger and the recognition data is stored in the same location as cost and revenue data.

SAP 59

SAP General Ledger Compliance Accounting Standards 59

Future CFO

AUGUST 1, 2023

This highlights the demand for financial risk management and expense tracking capabilities in financial applications to identify current risks, prioritise profitability, eliminate the paper trail, and reduce administrative effort.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

Centage

SEPTEMBER 14, 2021

When it comes to business budgeting and planning, traditional spreadsheets are labor-intensive, prone to errors, and static, so it can be difficult to get a clear view on your current and future financial position. With the fast pace of business change, CFOs need accurate financial information to make informed decisions on the fly.

Budgeting 96

Budgeting General Ledger Data Analysis Financial Data 96

The Charity CFO

OCTOBER 9, 2024

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.

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

Spreadym

JULY 10, 2023

Subsidiary Ledgers and Reconciliations: Subsidiary ledgers, such as accounts receivable and accounts payable, are reconciled to the general ledger to ensure consistency and accuracy. Financial Statement Preparation: Once all necessary adjustments have been made, the financial statements are prepared.

Financial Planning and Analysis (FP&A) 52

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

E78 Partners

SEPTEMBER 21, 2023

Audits, while essential for maintaining the integrity and trustworthiness of an organization’s financial reporting, can be a daunting task. Engage in Pre-audit Self-assessments Creating a comprehensive project work plan, complete with a detailed timeline and activities, is pivotal for the audit process.

Auditing 52

Auditing General Ledger Reconciliations Accounting Standards 52

PYMNTS

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. He pointed to financial reporting as one example of this shift.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

Planful

SEPTEMBER 10, 2015

Defining and Describing Enterprise Resource Planning. Enterprise Resource Planning, or ERP, is a system that is designed to process transactions and keep track of the resources within an organization. EPM assists the CFO and finance department in creating initial targets or budgets, and to coordinate planning across the organization.

Planning 40

Planning General Ledger Accounts Payable Budgeting 40

CFO Simplified

APRIL 15, 2022

Financial Reporting and Accounting. The general ledger layout is generic in nature. The non-standard reporting creates minor issues with annual bank audits. The company has never created a budget for planning purposes. Recommendation. Prepare a budget for the coming year for each company.

Manufacturing 52

Manufacturing General Ledger Budgeting CFO 52

Centage

JANUARY 3, 2024

The need for flexibility in financial forecasting The conventional approach to annual budgeting often involves rigid plans that struggle to accommodate unforeseen changes. It’s about embracing dynamic financial forecasting methods that adjust seamlessly to market shifts, unexpected expenses, and sudden opportunities.

Forecasting 52

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

Centage

OCTOBER 3, 2022

If your business has used Excel for financial forecasting, you may have found some challenges with the program. These obstacles can become even more pronounced as your business grows and your financial planning gets increasingly complex. For budget forecasters, real-time financial reporting has become increasingly vital.

Forecasting 98

Forecasting Budgeting Data Analysis Financial Modeling 98

The Finance Weekly

NOVEMBER 27, 2023

Key Performance Indicators (KPIs) play a crucial role, especially in , financial reporting. To assess your company's financial well-being, it's better to be objective rather than subjective. Financial KPIs provide insights into a business's financial well-being compared to its internal goals, competitors, and other industries.

Budgeting 52

Budgeting General Ledger Concentration Benchmarking 52

Planful

JUNE 22, 2017

Assets, Liabilities, Equity, Revenue, and Expense accounts) from multiple general ledger systems, and mapping it to a centralized chart of accounts. Consolidating the data following specific financial accounting rules and guidelines, such as U.S. GAAP or International Financial Reporting Standards (IFRS).

Accounting 40

Accounting General Ledger IFRS GAAP 40

CFO Simplified

APRIL 22, 2022

Upgrading simple accounting software to an ERP (Enterprise Resource Planning) system that is going to manage every aspect of the company from operations to accounting and finance, and sometimes even sales and customer relations is no small task. There is a significant amount of planning that needs to take place. Change is difficult.

General Ledger 52

General Ledger Accounts Payable Manufacturing Planning 52

Bramasol

JULY 26, 2024

Integration of Systems: Ensuring seamless integration between different financial systems or standalone software can be challenging, causing delays and errors in data transfer. GAAP, IFRS) for various countries and ensuring accuracy in financial reporting can add significant complexity and time to the close process.

SAP 72

SAP IFRS GAAP Compliance 72

Centage

OCTOBER 3, 2022

If your business has used Excel for financial forecasting, you may have found some challenges with the program. These obstacles can become even more pronounced as your business grows and your financial planning gets increasingly complex. Why Businesses Use Spreadsheets for Financial Forecasting.

Forecasting 52

Forecasting Budgeting Data Analysis Financial Modeling 52

Planful

FEBRUARY 16, 2017

You’ll also learn about the steps one company took to transform its financial close and reporting process into a smooth and painless procedure. High-Quality Data: The Linchpin to a Smoother Financial Close. The biggest obstacle to accurate financial reporting is not having a single source for reliable financial results.

Numbers 40

Numbers General Ledger (GL) General Ledger Financial Reporting 40

The Charity CFO

APRIL 25, 2024

Brandi went through a similar transformation at Connections, to the point where their nonprofit board is thrilled with the quality of information contained in the monthly financial reports. Now, having monthly financial reports has been very helpful, and we’re able to drill down on the individual grant budgets and spending. “Now,

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

CFO Talks

FEBRUARY 20, 2024

Farhaan Moolla: Innovative Leadership: The Journey of a modern and dynamic CFO Written by: Staff writer In this podcast Farhaan Moolla, a seasoned CFO with a notable career in financial leadership and strategic planning, shared his journey, beginning with his entrepreneurial family background. And that’s all.

Leadership 52

Leadership CFO Accounting Finance 52

Onplan

NOVEMBER 30, 2022

Finance professionals and teams today have numerous solutions available to help them plan, budget, forecast, and analyze financial information. In this buyer’s guide to the best FP&A software, we’ll provide an overview of the top financial planning and analysis tools to consider. Customers success. Key features.

Financial Planning and Analysis (FP&A) 52

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