Beacon CFO Plus

NOVEMBER 30, 2023

How to Divide Responsibilities and Prioritize Communication The relationship between a fractional or outsourced Chief Financial Officer (CFO) and your company’s public accounting firm should be collaborative, clear, and well-defined. This ensures your company’s financial and accounting needs are met effectively.

Accounting Firms 52

Accounting Firms CFO Accounting Prioritization 52

Future CFO

MAY 31, 2023

Technology has made financial reporting easy for everyone involved in the process, from the finance and accounts team preparing reports to the regulators, investors, and others who use those reports. That said, technology is only one aspect of the reporting process. in 2023 while Europe and the U.S.

Finance 98

Finance General Ledger Prioritization Auditing 98

CFO Share

SEPTEMBER 12, 2024

The first step after a sudden CFO departure is assessing the company’s immediate financial needs. Prioritize urgent processes such as cash flow management, ongoing projects, and upcoming deadlines for financial reporting. What to Do When a CFO Leaves?

CFO 52

CFO Compliance Communication Prioritization 52

CFO Plans

NOVEMBER 4, 2024

By implementing Data-Driven Financial Strategies , businesses can enhance their cash flow management, ensuring they have the necessary capital to support expansion efforts. Consider a financial services company that managed to scale its operations by prioritizing cash flow optimization.

CFO 52

CFO Cost Management Leverage Planning 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

The Charity CFO

JULY 2, 2024

Once you have a clear picture of your current operations, you can start prioritizing pain points. Implementing financial management software: Accounting and financial software tools, like QuickBooks , streamline accounting, bookkeeping, and financial reporting. Get the free guide!

Nonprofit 52

Nonprofit Auditing Prioritization CFO 52

CFO Talks

MARCH 13, 2024

Prioritize Face-to-Face Interactions While it might be tempting to dive into paperwork and financial reports, prioritize face-to-face interactions. By prioritizing open and transparent communication, you can alleviate concerns and foster a sense of security. The paperwork can wait for after-hours or weekends.

Prioritization 40

Prioritization CFO Communication Restructuring 40

E78 Partners

JANUARY 5, 2024

An acquisition adds complexity to the financial reporting and audit process, so it’s important to be proactive and prepared. Orientation and Training: Provide management with detailed training on acquisition-related accounting topics that impact financial reporting and the audit process.

Auditing 59

Auditing Valuation Concentration Reconciliations 59

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. Get the free guide!

Communication 52

Communication Accounting Nonprofit Budgeting 52

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

CFO Talks

MARCH 14, 2024

The position of Chief Financial Officer has evolved significantly over the past few decades. No longer confined to the guardianship of financial reporting and compliance, modern CFOs are now pivotal strategists and advisors at the heart of corporate decision-making. Delegation and Empowerment: No CFO can do it all alone.

Prioritization 52

Prioritization CFO Leverage Risk Management 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 Communication 52

CFO Plans

SEPTEMBER 24, 2024

This accessibility ensures that business owners and financial advisors can collaborate seamlessly, leading to more effective financial planning and tax strategy formulation. Imagine reviewing your financial reports while on a business trip, ensuring you never miss a critical update.

Tax Planning 52

Tax Planning Compliance CFO Risk Management 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 Charity CFO

MAY 8, 2023

To achieve this, nonprofit organizations should prioritize transparency, authenticity, and accountability in their fundraising efforts. The most successful events prioritize engagement and relationship-building. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

Nonprofit 52

Nonprofit Prioritization Communication Planning 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. Take the time to explore your options, ask the right questions, and choose a partner that aligns with your vision for financial success.

Accounting 52

Accounting Problem Solving Communication Compliance 52

Bramasol

JULY 22, 2023

The CSRD is intended to revamp and expand information that was already required to be reported since 2017 under the EU’s existing Non-Financial Reporting Directive (NFRD). The CSRD is part of the EU’s European Green Deal and the Sustainable Finance Agenda.

IFRS 83

IFRS Accounting SAP Compliance 83

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

The Charity CFO

JUNE 27, 2024

You’ll likely have to prioritize the most important roles to hire for immediate success. Providing regular financial reports to the board of directors and other stakeholders. Do You Struggle to Make Sense of Your Financial Statements? But building your team is only the first half of a great organization.

Nonprofit 52

Nonprofit Leadership Strategic Planning Communication 52

The Charity CFO

NOVEMBER 6, 2024

Prioritize Depth Over Volume: Focus on developing deeper relationships with fewer donors rather than casting a wide net. Get our FREE GUIDE to nonprofit financial reports, featuring illustrations, annotations, and insights to help you better understand your organization's finances. Get the free guide!

Nonprofit 52

Nonprofit Prioritization CFO Leverage 52

The Charity CFO

JULY 31, 2023

They are responsible for understanding and upholding the policies, ensuring compliance among all stakeholders, and making decisions that prioritize the organization’s best interests. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

Nonprofit 52

Nonprofit Prioritization Compliance Accounting 52

Spreadym

SEPTEMBER 22, 2023

Poor Documentation: Failing to document financial processes, decisions, and discussions can create confusion and make it challenging to track and audit financial activities. Inadequate Reporting: Providing incomplete or inaccurate financial reports can mislead team members and decision-makers.

Communication 59

Communication Leadership Prioritization Financial Reporting 59

The Charity CFO

OCTOBER 28, 2024

By prioritizing HR and working with experienced professionals, nonprofits can protect their organizations, support their employees, and focus on fulfilling their missions. Get our FREE GUIDE to nonprofit financial reports, featuring illustrations, annotations, and insights to help you better understand your organization's finances.

Nonprofit 52

Nonprofit Budgeting Compliance Prioritization 52

CFO Talks

OCTOBER 10, 2024

By identifying key profit drivers and improving financial reporting , the business was able to grow efficiently and profitably. Whether you’re an SME seeking cost-effective financial leadership or a large organization needing specialized support, fractional CFOs are proving to be a game-changer for businesses worldwide.

Leadership 98

Leadership CFO Communication Accounting 98

CFO Share

APRIL 3, 2024

What to Look for in a Bookkeeper Finding a bookkeeper is more than searching for a vendor; it’s about finding a teammate—a professional who understands the importance of accuracy and timeliness in financial reporting. Discuss their approach to managing high-volume work periods and how they prioritize tasks.

Communication 52

Communication Prioritization Accounting Standards Financial Reporting 52

The Finance Weekly

JANUARY 1, 2023

2) The Importance of Trustworthy, Independent SOC Reports in FP&A. Some tips from the article include how to consolidate data, how to prioritize KPIs, why it’s important to use integrations, and the best way to conduct financial automation. Read the FP&A Software Solution Comparison here. Read the , full article.

Finance 98

Finance Compliance Economics Forecasting 98

CFO Simplified

NOVEMBER 12, 2024

As various temps were trained, the education and directions he provided lacked consistency and accuracy to create proper financial reports. Prioritize invoicing on current company activities. With guidance from the company’s outside accountants, create a textbook about their accounting processing and how it should be done.

Invoicing 52

Invoicing Construction CFO Education 52

CFO Simplified

NOVEMBER 12, 2024

As various temps were trained, the education and directions he provided lacked consistency and accuracy to create proper financial reports. Prioritize invoicing on current company activities. With guidance from the company’s outside accountants, create a textbook about their accounting processing and how it should be done.

Invoicing 52

Invoicing Construction CFO Education 52

CFO Simplified

NOVEMBER 12, 2024

As various temps were trained, the education and directions he provided lacked consistency and accuracy to create proper financial reports. Prioritize invoicing on current company activities. With guidance from the company’s outside accountants, create a textbook about their accounting processing and how it should be done.

Invoicing 52

Invoicing Construction CFO Education 52

The Charity CFO

SEPTEMBER 23, 2024

To recruit–and retain–top leadership talent, consider these hiring strategies: Prioritize mission alignment during the hiring process by looking for candidates who believe strongly in the organization. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

Nonprofit 52

Nonprofit Leadership Communication CFO 52

The Charity CFO

MAY 19, 2023

When strategically implemented as a part of an organization’s financial strategy and other fundamental financial requirements, cash management helps to support a holistic picture of the health and prosperity of an organization and their future abilities to maintain their mission. Get the free guide!

Cash Management 52

Cash Management Nonprofit Compliance Budgeting 52

VCFO

JUNE 29, 2023

A CFO will evaluate financial performance, and bring attention to potential issues. They also rely on the CFO’s leadership, providing up to date communication, and accurate financial reporting. Additionally, a fractional CFO can add capacity by taking on select projects and provide specialized expertise as needed.

Nonprofit 67

Nonprofit Finance CFO Compliance 67

CFO Talks

MARCH 20, 2024

This prioritization underscores the value placed on a CFO’s ability to anticipate and prepare for future challenges, steering the company towards long-term success and sustainability. This involves managing risks, ensuring compliance with financial reporting requirements, and mitigating operational and fraud risks.

CFO 52

CFO Compliance Performance Measuring Education 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

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. Interpreting all financial statements The statement of cash flows is just one of three critical financial reports – the others being the balance sheet and the income statement.

Profit and Loss 40

Profit and Loss Prioritization Finance Investments 40

The Charity CFO

JUNE 7, 2023

Financial Reporting : Provides a comprehensive view of the organization’s expenses. It ensures compliance with reporting standards and provides transparency to stakeholders about how resources are allocated and utilized. If you want to dig deeper, you can learn more in our Financial Statement Guide here.

Nonprofit 52

Nonprofit Accounts Payable Budgeting Financial Analysis 52

Future CFO

MAY 28, 2020

The next step was prioritization. We prioritized what could and couldn’t be achieved. The team also evaluated the risk on the accuracy of the financial reporting for these activities and focused on key numbers. We also ensured that people have necessary tools to work from home.

Finance 40

Finance Prioritization Communication Leadership 40