CFO Share

MAY 22, 2024

Consistent financial reporting is critical for business management. These reports are the backbone of evaluating business performance – crucial for making informed decisions, attracting investors, and securing loans. What is a Financial Statement? Incorrect system setup is one of the most common reporting mistakes.

Profit and Loss 105

Profit and Loss General Ledger Accounting Financial Reporting 105

Planful

JULY 25, 2017

It could be because your team lacks crucial financial reporting and analysis capabilities that help track key business metrics and trends. So, what exactly is financial reporting and why is it vital? Key Types of Financial Reports. Profit and Loss Report: .

Financial Reporting 40

Financial Reporting Financial Planning and Analysis (FP&A) Profit and Loss Compliance 40

Spreadym

AUGUST 10, 2023

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have. What is financial reporting software?

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) Accounting Standards CFO 52

CFO Share

AUGUST 5, 2021

Your strategic business forecasting must include proper considerations for section 280E – this is essential to planning cash flow and avoiding catastrophic tax bills at year-end. In simple terms, that means the cannabis industry taxable income is closer to its revenue rather than profit. Financial planning for cannabis companies.

Forecasting 96

Forecasting GAAP Profit and Loss Accounting Principles 96

The Charity CFO

JANUARY 17, 2022

And then, there are a series of reports and financial statements you’ll use to communicate the financial reality of your organization to potential donors, the IRS, watchdog agencies, and other stakeholders. The basic accounting principles for nonprofit organizations are the same as accounting for for-profit companies. .

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

CFO Simplified

JANUARY 10, 2022

Financial reports contain the most important reading that a business owner looks at on a regular basis. And yet, for many business owners, reading financial statements can seem as helpful as reading tea leaves. Some of the issues that create confusion are the result of the way the reports are created. It’s that simple.

Profit and Loss 52

Profit and Loss Financial Reporting Invoicing Sales 52

The Finance Weekly

MAY 29, 2024

Financial planning and analysis (FP&A) solutions provide a complete platform for organizational planning, which is important for all businesses. Understanding their financial status and performance is key for business growth. Two of these companies, Planful and Vena are popular for many reasons.

Financial Planning and Analysis (FP&A) 52

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

Centage

NOVEMBER 22, 2021

Building and managing an effective budget and plan can be daunting no matter what industry, but financial planning for nonprofits can be particularly difficult. Today’s financial professionals cannot be shackled by the disparate, static and error prone tools of a pre-pandemic world. The time for change is now.

Financial Planning and Analysis (FP&A) 72

Financial Planning and Analysis (FP&A) Nonprofit Planning Finance 72

The Finance Weekly

FEBRUARY 23, 2022

A study by the University of Baltimore and Excel-based FP&A company, , DataRails , lays out the full economic costs of businesses sticking with manually prepared financial reports. billion is the first number that came out of the research and this represents the total amount of money lost by manual financial work.

Financial Planning and Analysis (FP&A) 83

Financial Planning and Analysis (FP&A) Profit and Loss Budgeting Math 83

Musings on Markets

NOVEMBER 1, 2023

I was planning to start this post by telling you that Tesla was back in the news, but that would be misleading, since Tesla never leaves the news. I profited mightily on that investment, but I sold too soon , when Tesla's market capitalization hit $150 billion, and just before COVID put the company on a new price orbit.

Valuation 126

Valuation Profit and Loss Numbers Sales 126

The Finance Weekly

MARCH 25, 2024

His main job is to handle all money matters at SoFi, like planning, accounting, and dealing with investors. His main gigs included handling all the financial operations like accounting and financial planning, crafting financial strategies to boost the business, and managing relationships with investors and banks.

CFO 97

CFO Finance Forecasting GAAP 97

CFO Simplified

FEBRUARY 17, 2022

But sometimes the plans are erratic, spur of the moment, or not fully formed. How do you make sure that the right plan is in place, and there’s enough money to do it? The company opened an eBay store and turned the trade-in losses into a new profit center. Financial Reporting. Initial contact-.

Profit and Loss 52

Profit and Loss Cash Flow Forecasting CFO Financial Reporting 52

CFO Simplified

FEBRUARY 17, 2022

But understanding your company’s profitability is critical to making the right decisions. Confusion over cash-versus-accrual reporting creates continuing questions for business owners. The business’ part-time CFO was providing financials that didn’t match the reports they received from their accountant. Initial contact –.

Accounting 52

Accounting Retail Profit and Loss Cash Flow Forecasting 52

CFO Share

AUGUST 14, 2024

The best businesses review a budget vs. actual report monthly with their CFO. This classic method of evaluating performance stands as one of the most important monthly financial reports for any company. This proves crucial for alignment to your financial goals. Variances are deviations from the company plan, good or bad.

Budgeting 52

Budgeting Profit and Loss Forecasting CFO 52

Centage

DECEMBER 12, 2023

When it comes to analyzing a company’s financial health, one of the most important documents to look at is the consolidated profit and loss statement (often called a P&L, P and L, or P&L statement). What is a consolidated P&L statement? A consolidated income statement is essentially a consolidated P&L.

Profit and Loss 52

Profit and Loss Budgeting Forecasting Financial Reporting 52

Creative CFP

NOVEMBER 2, 2020

The cash flow statement is the final piece of the puzzle when it comes to the monthly management reports that we prepare here at Creative CFO. This is without a doubt one of the most important and often overlooked financial reports within the monthly report pack. In essence, profits do not always equal cash.

Profit and Loss 52

Profit and Loss Cash Flow Forecasting Invoicing Forecasting 52

PYMNTS

JANUARY 15, 2019

During the fourth quarter, so did profit per share ($1.21 The FI’s Q4 profit was $6.1 The bank also reported general purpose credit card point-of-sale (POS) purchase volume of $20.2 Total credit losses were $721 million in fourth quarter 2018, up $41 million from third quarter 2018,” the bank said in its financial report.

Profit and Loss 46

Profit and Loss Risk Management Compliance Banking 46

The Charity CFO

APRIL 26, 2024

As a nonprofit leader, you know nonprofit accounting isn’t the same as for-profit business accounting. For example, your nonprofit owns a for-profit business , which could lead to complicated tax requirements or even loss of exempt status. How Do You Approach Financial Reporting for Nonprofits? Get the free guide!

Nonprofit 52

Nonprofit Accounting Profit and Loss Communication 52

PYMNTS

JANUARY 15, 2019

During the fourth quarter, so did profit per share ($1.21 The financial institution’s Q4 profit was $6.1 The bank also reported general purpose credit card point-of-sale purchase volume of $20.2 Wells Fargo’s plan was submitted to the Federal Reserve in April, and the bank expected the Fed to approve it by the summer.

Profit and Loss 43

Profit and Loss Risk Management Banking Compliance 43

CFO Simplified

JUNE 1, 2023

Most business owners get financial reports monthly: Profit and Loss, Balance Sheet, Statement of Cash Flows. The problem is, those monthly reports show your financial performance in the past — what has already occurred in your business. They’re just running historical reports. More profitably.

Cash Flow Forecasting 52

Cash Flow Forecasting Profit and Loss Strategic Planning CFO 52

The Charity CFO

JANUARY 19, 2023

Nonprofit organizations distinguish themselves from for-profit entities through their purpose and mission. Their mission is usually anchored on a cause or social purpose, not on the generation of profits. NPOs must adhere to these accounting policies to remain compliant with the law and maintain their tax-exempt status.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

CFO Simplified

FEBRUARY 17, 2022

But budgeting is vital because it’s the company’s plan for the coming year. No plan can be created without good, reliable data and analysis. A management plan based on that budget to achieve the desired result. The son realized that they needed to do more planning, including a much-needed budget. Sales – $25,500,000.

Budgeting 52

Budgeting Cash Flow Forecasting Profit and Loss CFO 52

PYMNTS

NOVEMBER 29, 2019

“SoulCycle’s board and Whelan have come to a mutual agreement in which Sunder Reddy, SoulCycle’s chief financial officer since 2017, will assume the role of interim CEO while the company conducts a search for a permanent replacement. The company’s net loss stood at $49.8 Peloton Trends. million in the quarter, down from $54.5

Profit and Loss 59

Profit and Loss Leadership Financial Reporting Marketing 59

Jedox Finance

AUGUST 10, 2022

Understanding the three critical parts of corporate financial statements. Planning business cash flow. Accelerate your planning. It is possible for an organization to have significant earnings and profit in a given quarter but, due to a delay in payment, still be in a negative cash flow position. Accelerate your planning.

Forecasting 52

Forecasting Profit and Loss Sales CFO 52

Centage

NOVEMBER 8, 2023

Building and maintaining an effective budget is daunting no matter what industry you’re in — but financial planning for nonprofits is especially tough. These models link to the operating plan and can help predict how an organization would fare when faced with different variables.

Financial Planning and Analysis (FP&A) 52

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

The Charity CFO

FEBRUARY 27, 2024

Budget tracking is the process of monitoring your nonprofit’s income and expenses to ensure they stay within your planned budget. Effective budget tracking is essential to financial transparency, efficient resource allocation, and strategic planning for your nonprofit. But your budget shouldn’t be a “set it and forget it” plan.

Nonprofit 52

Nonprofit Budgeting Profit and Loss CFO 52

CFO Simplified

APRIL 15, 2022

Knowing the actual cost of production is critical to setting accurate pricing and therefore profitability for any manufacturing company. Getting to the real numbers are the key to profitability. Significant Findings, Recommendations and Course of Action: Monthly Reporting Package. How are your costs being confirmed and posted?

Profit and Loss 52

Profit and Loss Manufacturing CFO Accounts Payable 52

Future CFO

JULY 13, 2020

“With the sales being affected with advertisers not placing the ads, we are mulling over scenarios where we adapt a revenue-share or profit-share basis to be able to fund new programmes. Because programming licenses are very high, and we may not meet some profitability scenarios that we have. Umeer Zahoor.

Planning 40

Planning Finance Manufacturing Advertising 40

The Charity CFO

OCTOBER 9, 2023

Understanding the Role of Accounting Setup for a Nonprofit Organization Accounting systems are a vital part of every business or organization, from the largest for-profit corporations to the smallest local charities. They’re an underrated pillar of financial stability, which is why it’s so crucial to get them set up correctly.

Accounting 59

Accounting Nonprofit Profit and Loss Compliance 59

CFO Simplified

SEPTEMBER 11, 2023

Of course, planning is the key to any successful activity, and cash is not excluded from the planning cycle. I think that the Statement of Cash Flows is the disrespected stepsister of financial reporting, much like Cinderella. By comparison, it’s much like your Profit and Loss statement.

Cash Flow Forecasting 52

Cash Flow Forecasting Forecasting Profit and Loss Financial Reporting 52

The Charity CFO

DECEMBER 27, 2023

However, small nonprofits may not have access to the same resources as for-profit businesses or large nonprofits. For many employees, a good health plan is almost as important as financial compensation. Group health insurance plans are one of the most common ways to provide insurance for employees.

Nonprofit 52

Nonprofit Budgeting Profit and Loss Transportation 52

The Charity CFO

AUGUST 15, 2023

Myth #1: Nonprofit Accounting is Completely Different from For-Profit Accounting One reason accountants seeking a new role may steer clear of a nonprofit accounting position is that they assume the methods are completely different. In the for-profit world, revenue is typically only recorded when earned or cash has been collected.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

CFO Share

AUGUST 14, 2023

On the other hand, venture capital backed businesses expect negative cash from operations since they have external financing and prioritize growth over profitability. Questions to ask when looking at the investing activities include: Are there consistent investments in fixed assets which indicate the company is planning growth?

Profit and Loss 40

Profit and Loss Prioritization Finance Investments 40

Cube Software

MAY 10, 2023

This could be retail stores offering layaway plans or a media company offering subscriptions to streaming services. It is important to accurately track and report unearned revenue, so you can properly manage profit margins. This amount can vary month-to-month, and so should be updated regularly to reflect true financial data.

GAAP 40

GAAP Profit and Loss Accounting Principles Financial Data 40

Planful

JANUARY 11, 2022

Now is the time for CFOs at organizations of all sizes to lean on AI to plan, budget, and forecast with greater accuracy, speed, and confidence. Research from the Wharton School of the University of Pennsylvania suggests that, since AI can lead companies to become more profitable, companies can then hire more employees.

Financial Planning and Analysis (FP&A) 40

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

Planful

OCTOBER 5, 2021

But with the right financial planning and analysis (FP&A) platform, it can be easier than you think. By switching from this laborious, manual system to Planful, LT Apparel Group was able to cut down on reporting time by 98% , leading to swifter month-end closes and happier accountants. Sound like a tall order?

Financial Planning and Analysis (FP&A) 40

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

Cube Software

MAY 11, 2023

What is a pro forma financial statement? No business can survive without planning. These financial modeling tools are one of the most important to help a company prepare for any kind of scenario imaginable and map out a future trajectory. Think of pro forma statements as a monetary crystal ball, a guiding financial forecast.

GAAP 40

GAAP Financial Planning and Analysis (FP&A) Profit and Loss Accounting Principles 40