PYMNTS

MARCH 10, 2020

This is even more imperative when it concerns their multi-currency financial reporting as there is no room for errors.”. “An An integration with Xero is one of the most requested integrations from our customers,” Zhang added.

Reconciliations 52

Reconciliations Foreign Exchange Currencies Accounting 52

The Charity CFO

APRIL 1, 2025

This section outlines how to: Build the right team : CFOs, bookkeepers, and support roles Implement cloud-based accounting and payroll systems Shift to accrual-basis accounting for accuracy Ensure timely, consistent financial reporting These basics allow you to grow confidently without chaos behind the scenes. Get the free guide!

Nonprofit 52

Nonprofit CFO Leadership Cash Flow Forecasting 52

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? Addressing these root causes can prevent future errors.

Profit and Loss 105

Profit and Loss General Ledger Accounting Financial Reporting 105

CFO Talks

DECEMBER 10, 2024

They keep a business on track, protecting assets, ensuring accurate financial reporting, and promoting efficient operations. Consider Satyam Computers, a large IT company in India that collapsed in 2009 due to fraudulent financial reporting. Instead, focus on designing policies that are practical and easy to implement.

Invoicing 52

Invoicing Compliance Reconciliations CFO 52

Future CFO

AUGUST 1, 2023

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.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

PYMNTS

DECEMBER 16, 2016

A key part of business life is getting the books closed on time, with clean financial reporting that allows a high-level and granular view of what needs to be done next. And yet, it remains key to have access to, and reconciliation of, data that ranges from sales to travel expenses.

IFRS 74

IFRS Reconciliations GAAP Accounting Standards 74

The Finance Weekly

FEBRUARY 22, 2025

Budgeting & Forecasting - Automate budgeting processes and generate real-time financial forecasts based on live data. Scenario Planning - Utilize AI-powered "what-if" modeling to assess financial outcomes and optimize strategies. Period Close Management - Automate account reconciliation and reduce financial close cycles.

Financial Planning and Analysis (FP&A) 52

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

PYMNTS

AUGUST 16, 2020

Trintech , which works in integrated Record to Report software, is releasing Cadency 9.0, the newest update to its software, to help companies with faster account reconciliation, artificial intelligence, systems integration and more, a press release says.

Accounting 67

Accounting Reconciliations Auditing Financial Reporting 67

Centage

SEPTEMBER 6, 2022

As organizations expand, they will need to rely on more complex reporting functions. Unfortunately, Excel has very defined limits that can make it challenging for businesses to publish their financial reports more quickly and efficiently. Still, many depend on this program for these critical tasks.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

CFO Talks

SEPTEMBER 5, 2024

Whether it’s streamlining financial reporting, enhancing data accuracy, or ensuring compliance with South African regulatory standards, clearly defining these objectives will guide the entire design process. Choosing the Right Software and Technology Selecting the appropriate financial software is a critical decision.

IFRS 98

IFRS GAAP Compliance Reconciliations 98

The Charity CFO

MARCH 6, 2024

Red Flag #1: Bank Account Reconciliation Whether the business is accrual or cash basis, it does not matter. Reconciliation is necessary and the bare minimum for successful completion of the accounting role. Once these have been transferred into the accounting system, QuickBooks for example, reconciliation is the next step.

Nonprofit 59

Nonprofit Accounting Reconciliations Invoicing 59

Future CFO

JULY 21, 2024

The finance team can make this possible through the management of associated risks with AI, as it plays a greater role in the accounting and financial reporting of businesses. AI can also uncover hidden trends and potential risks in vast datasets, enhancing decision-making and financial controls," Abrol notes.

Finance 104

Finance Accounting Principles Problem Solving Accounting 104

CFO Share

JUNE 18, 2024

Practice reconciliation both with and without the integration. Analyze financial data to make informed decisions about hiring new employees or expanding into new markets. Interpret complex financial reports, helping you understand your company’s financial health and potential growth opportunities.

General Ledger 105

General Ledger CFO Accounts Payable Financial Data 105

The Charity CFO

APRIL 29, 2022

That means keeping your paperwork organized, staying current on your reconciliations, tracking restricted funds , and accurately recording all your expense and revenue transactions each month. Examine all bank reconciliations for outstanding transactions which could be erroneous. Step 2: The nonprofit audit checklist.

Nonprofit 105

Nonprofit Auditing General Ledger Reconciliations 105

Bramasol

MAY 13, 2024

Its primary role is to oversee and regulate the auditing of public companies to protect investors' interests and ensure the integrity of financial reporting. Standard-Setting: It plays a role in setting and updating auditing standards to enhance the quality of audits and financial reporting. Why Should You Care?

Auditing 83

Auditing Compliance SAP Accounting Standards 83

PYMNTS

MARCH 4, 2020

It’s a result, explained Gillette, of the legacy ERP no longer being suited to address the full range of businesses’ diverse financial and process management needs. 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

Spreadym

JULY 10, 2023

Here are the typical steps involved in the financial close process: Pre-Close Activities: This phase involves preliminary activities to prepare for the close process, such as reviewing account reconciliations, ensuring the completeness of transactions, and resolving any outstanding issues or discrepancies.

Financial Planning and Analysis (FP&A) 52

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

CFO Simplified

NOVEMBER 28, 2022

The President of CFO Simplified, Larry Chester , shares the importance of inventory value reports with us. . What is the Inventory Value Report? An inventory value report is a financial report that lists the value of a company’s inventory at a specific point in time.

General Ledger 98

General Ledger Accounts Payable CFO Reconciliations 98

Future CFO

APRIL 18, 2022

The post IBM Cognos Controller: Financial close management managed by the office of finance appeared first on FutureCFO. DOWNLOAD NOW.

Finance 52

Finance IFRS GAAP Accounting Principles 52

Future CFO

JUNE 4, 2024

launched its Financial Reporting Analytics solution, which will be sold as an SAP Solution Extension under the name SAP Account Substantiation and Automation by BlackLine, financial review option. BlackLine, Inc.

SAP 52

SAP GAAP Reconciliations CFO 52

CFO Talks

OCTOBER 3, 2024

Regular Reconciliations : Perform surprise cash counts and inventory checks and reconcile sales and deposit records frequently. Pressure from Management : Pay attention to any undue pressure from management to meet financial targets, which may lead to unethical adjustments or misreporting. Investigate any discrepancies promptly.

Invoicing 98

Invoicing Auditing Benchmarking Reconciliations 98

The Charity CFO

FEBRUARY 4, 2022

Prepare bank reconciliations. They organize the data and ensure accuracy so the accountant can create reliable and timely financial reports. Plus, give you timely financial reports and expert advice that help you carry out your mission. Record and classify payments and bank transfers . Manage payroll .

Nonprofit 98

Nonprofit Invoicing General Ledger Accounting 98

The Charity CFO

MARCH 2, 2022

I don’t know if my financial reports are inaccurate. You’ve seen a lot of financial reports. And then the second type of reconciliation that we talk about, we talk about the balance sheet reconciliation. Why don’t have a finance report? I don’t know what, I don’t know.

Nonprofit 98

Nonprofit Auditing Reconciliations Accounting 98

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

OCTOBER 9, 2024

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. Use data exports and reports to bridge the gap between the two systems. Get the free guide!

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

Future CFO

JANUARY 22, 2024

Modern accounting software integrates seamlessly with diverse financial systems, automating tasks such as data entry, bank reconciliation, and invoice processing. Real-time Data Insights The advent of cloud-based accounting solutions has turned real-time financial data availability into a reality for businesses of all sizes.

Accounting 52

Accounting Reconciliations Financial Analysis Financial Data 52

The Charity CFO

JANUARY 19, 2023

There are ongoing efforts to establish International Financial Reporting Standards (IFRS) for nonprofits, which, if successful, could result in greater consistency and comparability of financial information across countries. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

https://trustedcfosolutions.com/feed/

FEBRUARY 11, 2023

Having the right strategies in place helps open up new opportunities while preventing major roadblocks in your financial reporting. Many businesses aim to optimize the process of closing the books, but obtaining a faster close is difficult without also compromising accuracy.

Accounts Payable 62

Accounts Payable Reconciliations Leverage CFO 62

Bramasol

JULY 26, 2024

Some of the key challenges include: Complexity and Volume of Data : Handling large volumes of financial data spread across multiple systems increases the complexity of consolidation and reconciliation. Manual Processes: Reliance on manual data entry and spreadsheet-based reconciliations can be time-consuming and error-prone.

SAP 79

SAP IFRS GAAP Compliance 79

CFO Plans

SEPTEMBER 24, 2024

Stay Ahead with Real-Time Financial Reporting Gone are the days of waiting for monthly reports to understand your financial position. With real-time financial reporting, businesses can now get instant insights into their financial health.

Accounting 52

Accounting CFO Compliance Financial Reporting 52

Future CFO

NOVEMBER 27, 2023

The Financial Reporting Council (FRC) calls for IFRS 17 disclosures improvements in its recently published IFRS 17 'Insurance Contracts' thematic review.

IFRS 52

IFRS Accounting Standards Performance Measuring Reconciliations 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. In tandem, preparing outstanding account reconciliations and rollforwards is a foundational step to guarantee that every transaction is captured and recorded with precision.

Auditing 52

Auditing General Ledger Reconciliations Accounting Standards 52

CFO Plans

SEPTEMBER 24, 2024

In today’s dynamic business environment, small businesses face a myriad of financial challenges. The need for strategic financial planning and real-time financial reporting has never been more critical. Picture a nonprofit organization using automated services to streamline donor management and reporting.

CFO 52

CFO Startups Tax Planning Accounting 52

PYMNTS

MAY 26, 2016

In an announcement on Wednesday (May 25), Tipalti revealed the rollout of an expanded AP platform that introduces new features for users, including invoice management, supplier onboarding, payment and reconciliation services. The new AP platform uses that information to provide real-time payment and financial reporting.

Accounts Payable 41

Accounts Payable Invoicing Reconciliations Compliance 41

PYMNTS

JUNE 8, 2020

As it stands, BlackLine and Capgemini are working together on an Capgemini customer based in the United States in the chemical vertical to bolster its utilization of the account reconciliation, journal entry, task management and Smart Close technologies of BlackLine.

Reconciliations 54

Reconciliations Accounting Finance Technology 54

Future CFO

MARCH 27, 2025

"Over the last several years, technologies like Robotic Process Automation and Intelligent Document Processing have streamlined invoice processing, expense management, and reconciliation tasks, resulting in reducing errors and freeing up finance professionals to focus on strategic decision support rather than administrative work," he says.

Compliance 52

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

PYMNTS

NOVEMBER 20, 2018

The tool will also support real-time access to data to enhance financial reporting and cash flow management. Sage and Cashplus integrated data from each others’ platforms to launch Sage’s Bank Feeds, allowing joint customers to automate bank reconciliation and digitize financial records.

Reconciliations 43

Reconciliations Currencies Accounting Banking 43