Remove Financial Reporting Remove Invoicing Remove Prioritization
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Understanding and Managing Business Risks: Lessons from Hurricane Helene

CFO Simplified

They were 6 weeks behind in invoicing. With between 500 and 2,000 AP invoices needing to be entered, the owners insisted that each invoice be matched to the job that they belonged to, so that project profitability could be measured. Prioritize invoicing on current company activities.

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What is Account Reconciliation?

The Finance Weekly

The idea is to compare two sets of records—your internal records (like your company’s general ledger) and external ones (like bank statements or vendor invoices). This process isn’t just about catching mistakes; it’s also a critical tool for ensuring the integrity of your financial reporting.

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Is Your Nonprofit Ready for Increased Funding Scrutiny? Here’s How to Prepare

The Charity CFO

Establish clear approval processes for all financial transactions, including vendor payments and employee reimbursements. Pro Tip: Leverage expense approval tools to ensure all vendor invoices and credit card transactions are reviewed and approved at the appropriate levels. Do You Struggle to Make Sense of Your Financial Statements?

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Capitalising on the Fintech apps in APAC

Future CFO

FutureCFO spoke to Deka to dig deeper into the topic: Which features/capabilities in financial applications are most in demand by mid-size enterprises? However, the demand for features/capabilities of financial applications can differ based on their company size, maturity, and business needs and goals.

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Tax Planning and Accounting: Essential Strategies for Small Businesses

CFO Plans

These services can help you keep track of expenses, manage payroll, and ensure accurate financial reporting, all while keeping costs down. Implement Cost-Effective Financial Solutions Cost-effective financial solutions are essential for small businesses looking to maximize their resources.

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Don’t Tell me what I need for my Business!

CFO Simplified

They were 6 weeks behind in invoicing. With between 500 and 2,000 AP invoices needing to be entered, the owners insisted that each invoice be matched to the job that they belonged to, so that project profitability could be measured. Prioritize invoicing on current company activities.

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How Coats China's finance function responded to Covid-19

Future CFO

The next step was prioritization. We prioritized what could and couldn’t be achieved. For example, cash application could be completed but invoice settlement could not be done. The team also evaluated the risk on the accuracy of the financial reporting for these activities and focused on key numbers.

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