The Charity CFO

MAY 31, 2024

But what financial reports are most important to build that trust through transparency with your board of directors? Statement of Financial Position Your statement of financial position is a financial report that provides an overview of the organization’s financials at a specific point in time.

Nonprofit 52

Nonprofit Financial Reporting Budgeting CFO 52

Spreadym

AUGUST 17, 2023

A financial reporting dashboard is a visual representation of financial data and key performance indicators (KPIs) presented in a consolidated and easily digestible format. Decision Making : Financial reporting dashboards enable data-driven decision making by providing stakeholders with timely and accurate information.

Financial Reporting 52

Financial Reporting CFO Cash Flow Forecasting Budgeting 52

CFO Talks

NOVEMBER 25, 2024

As a CFO your influence extends beyond financial reports and budgets. Whistleblowing on Corruption Example: You uncover bribery within the sales team to secure contracts with key clients. Reporting the issue may disrupt operations and damage relationships with stakeholders.

Leadership 98

Leadership Auditing Profit and Loss Compliance 98

PYMNTS

JANUARY 9, 2020

There was an 18 percent spike in iPhone sales in China in the month of December, according to a report by Reuters. Apple saw a dip in sales after a peak in 2015, when the company saw longer upgrade cycles and more competition from competitors. The company will also release its next financial report in late January.

Sales 52

Sales Financial Reporting Technology Securities 52

Global Finance

MARCH 2, 2025

Here in the UK, the Financial Reporting Council looked into audit papers of the FTSE 100 and basically gave them a good health score. Horton: If they have an IPO, theyll be big firms, and theyll follow International Financial Reporting Standards or US GAAP. You are going to make those sales, right?

Forecasting 112

Forecasting Auditing Accounting Profit and Loss 112

The Finance Weekly

DECEMBER 2, 2024

Problem 1: Using Old and Cumbersome Excel Models Many of us have developed a financial reporting process that uses workarounds for limitations in our ERP software and to ensure we can meet our deadlines without accidentally breaking something. All involving Excel data manipulation.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Data Analysis Financial Modeling 52

CFO News Room

FEBRUARY 4, 2022

Differences in tax liabilities are simply temporary imbalances between a reported amount of income and its tax basis : The accounting disparities appear when there are differences between the taxable income and the pretax financial income or when the bases of assets or liabilities differ for financial accounting and tax purposes.

Profit and Loss 130

Profit and Loss Financial Reporting Accounting Sales 130

CFO Talks

FEBRUARY 12, 2025

Steps to use historical data effectively: Review financial reports from previous years. Identify patterns in sales, seasonal trends, and expense fluctuations. However, historical data alone is not enoughbusinesses must also consider current and future factors that could influence financial outcomes.

Forecasting 52

Forecasting Budgeting Economics Planning 52

CFO Share

NOVEMBER 21, 2023

In the world of business finance, the terms “Cost of Sales” (COS) and “Cost of Goods Sold” (COGS) are often confused. These aren’t just accounting terms; they are fundamental concepts that shape how you view your business’s financial health and make informed decisions. What is Cost of Sales?

Sales 52

Sales Cost Management Auditing Budgeting 52

The Finance Weekly

FEBRUARY 23, 2025

Businesses that integrate analytics into their planning can align operations with financial goals. For example, if a company aims to expand online sales, FP&A teams analyze marketing costs and expected revenue to determine budget allocations. Reduces financial closing times by ensuring transaction transparency.

Financial Planning and Analysis (FP&A) 52

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

E78 Partners

FEBRUARY 26, 2025

FP&A and Operations Operate in Silos The Challenge: Misalignment between FP&A and operational teams results in financial planning that lacks real-world business context. When FP&A functions independently from sales, supply chain, and operational leadership, decision-making becomes disconnected. Use operational KPIs (e.g.,

Financial Planning and Analysis (FP&A) 59

Financial Planning and Analysis (FP&A) Cash Flow Forecasting Forecasting Financial Modeling 59

Future CFO

APRIL 17, 2022

Financial reporting specialist and lecturer Adam Deller explains the basic principles of IFRS 5, 'Non-Current Assets Held for Sale and Discontinued Operations'. The post The fundamentals of IFRS 5 appeared first on FutureCFO.

IFRS 98

IFRS Financial Reporting Sales Accounting Standards 98

The Finance Weekly

FEBRUARY 26, 2025

Data Visualization and Reporting Prophix simplifies financial reporting with intuitive dashboards and customizable reports. Charting and Graphing Tools Create interactive financial visuals to support decision-making. Self-service Reporting Empower stakeholders with easy access to real-time financial data.

Financial Planning and Analysis (FP&A) 52

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

CFO Talks

FEBRUARY 20, 2025

The real value lies not in reporting the past but in questioning, interpreting, and challenging financial data to drive better decisions for the future. Financial reports are produced the same way they have always been. Yet, in many organisations, the status quo remains unchallenged. Assumptions are rarely questioned.

Numbers 52

Numbers Financial Analysis Financial Analyst Financial Data 52

CFO Talks

MARCH 4, 2025

Instead of setting a financial plan in stone for 12 months and hoping for the best, rolling forecasts allow businesses to update their budgets every few months based on real-time data. This way, if sales dip, costs rise, or new opportunities appear, you can adjust your strategy instead of sticking to an outdated plan.

Budgeting 52

Budgeting Forecasting Invoicing Sales 52

https://trustedcfosolutions.com/feed/

JUNE 23, 2022

Sage Intacct can deliver accurate real-time data, reporting, and much more that will give you the competitive edge you need. It doesn’t matter if a transaction relates to a sale, purchase, inventory, HR, or types of transactions. Having access to that real-time data lets, you check your business performance and profitability.

Accounting 113

Accounting Restructuring Financial Reporting Finance 113

E78 Partners

MARCH 21, 2025

Functional Integration Leads Each business function must own its integration activities while aligning with corporate strategy: Finance and Accounting: Unifies financial reporting, tax structures, and compliance. Sales and Marketing: Aligns branding, customer communication, and positioning.

Leadership 52

Leadership Communication Prioritization Compliance 52

CFO Simplified

SEPTEMBER 11, 2022

For instance, if you had only one customer, and they didn’t pay you for three months, even while you were selling them product, you would have no sales for those three months. For example, if you have an invoice that you send out, that’s a sale. Here, you’d have a huge amount of profit all at once.

Profit and Loss 98

Profit and Loss CFO Accounting Financial Reporting 98

CFO Talks

NOVEMBER 27, 2024

For example, what happens if sales drop 10%, 20%, or 50%? If you’re uncertain about future sales, you could delay large investments until more information is available. Automate routine tasks: Use software to handle things like expense tracking, financial reporting, or payroll. What’s your plan in each case?

CFO 52

CFO Budgeting Forecasting Communication 52

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. Project Planning - Assess project impact on financial and operational performance.

Financial Planning and Analysis (FP&A) 52

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

CFO Simplified

AUGUST 21, 2022

Bank fatigue might mean that your bank feels like: Your financial reporting isn’t getting done on time. Your financial reporting is inconsistent. This means you need to have additional inventory to support sales. The bank will not be concerned if you’re turning inventory over quickly through sales.

Banking 98

Banking Concentration CFO Accounting 98

CFO Simplified

NOVEMBER 12, 2024

Louis, MO Sales − $18,000,000 Ownership – Husband and wife, with a grandson serving as COO. The company was being charged for sales tax even though they were reselling the parts. As various temps were trained, the education and directions he provided lacked consistency and accuracy to create proper financial reports.

Invoicing 52

Invoicing Construction CFO Education 52

The Finance Weekly

FEBRUARY 2, 2025

Maybe your boss asks why sales dipped last quarter, or you're trying to spot trends in customer behavior. Thats where ad hoc analysis comes inits all about finding answers quickly without waiting for a pre-built report. Do you ever find yourself digging through data, trying to answer unexpected questions on the spot?

Analyzing Data 52

Analyzing Data Sales Numbers Finance 52

PYMNTS

MARCH 22, 2016

Saverin has said the sale would “facilitate an orderly transition to a promising future for Jumio.”. That was followed by a restatement of financial reports from 2013 and 2014, which brought on a series of governmental investigations, which Jumio claims it is fully cooperating with. million in cash.

Sales 40

Sales Investments Finance Financial Reporting 40

PYMNTS

DECEMBER 14, 2016

Total online sales grew 15.6 Online sales reached a total $93.67 billion, with total retail sales in the three months ending Sept. percent of sales overall for Q3, up from 7.5 Internet Retailer’s E-Retail Quarterly Financial Report found that 32 publicly held eCommerce companies with quarterly data actually grew 22.5

eCommerce 77

eCommerce Retail Sales Financial Reporting 77

The Charity CFO

MARCH 4, 2025

Fundraising Teams Need to Think Like Sales Teams Would a for-profit business run its sales department without tracking numbers? Book a FREE consultation here Do You Struggle to Make Sense of Your Financial Statements? What nonprofit leaders should be asking: How are we increasing donor engagement this year? Get the free guide!

Nonprofit 52

Nonprofit CFO Budgeting Sales 52

CFO Share

JUNE 18, 2024

Avoid Overloading Your Accounting Software Many bookkeepers think accounting software should be the ultimate source of truth for all data – bills, payroll, inventory, sales transactions, etc. This approach can lead to sync errors, confusion, and mistrust in your financial records. Purchasing – validates accounts payable invoices.

General Ledger 105

General Ledger CFO Accounts Payable Financial Data 105

CFO Talks

SEPTEMBER 28, 2024

To translate financial performance into actionable results, start by understanding the key drivers behind your financial data. Are sales up because of a successful marketing campaign, or did operational efficiencies boost your bottom line? Create a narrative for your financial results each quarter.

Communication 98

Communication CFO Numbers Leverage 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.

Profit and Loss 52

Profit and Loss Financial Reporting Invoicing Sales 52

The Charity CFO

MARCH 13, 2023

Bake sale The logistics of hosting a bake sale is often easier than some other fundraising ideas because most, if not all, of the items to be sold are donated. Instead of a bake sale, similar food-related events you could host include a chili cook-off or barbecue. Do You Struggle to Make Sense of Your Financial Statements?

Nonprofit 98

Nonprofit GAAP CFO Accounting 98

The Charity CFO

JANUARY 17, 2022

Your core financial reports, which we’ll look at below, exist to answer this one simple question– how much value has your organization created ? However, it can also be cash from sales of products, courses, or subscriptions. Sales of products or services. Nonprofit Accounting Basics: Financial Reports.

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

The Charity CFO

FEBRUARY 4, 2022

They organize the data and ensure accuracy so the accountant can create reliable and timely financial reports. Many nonprofits have earned revenue streams, like membership subscriptions, tuition fees, course enrollments, or sales at company stores. Bookkeepers lay the foundation for the accounting processes that will follow.

Nonprofit 98

Nonprofit Invoicing General Ledger Accounting 98

VCFO

NOVEMBER 1, 2023

A review of revenue will often involve examining sales performance. By nature, most salespeople will do exactly what they are incentivized to do (which is why a well-designed sales compensation plan is so important). Year-end sales or special offers to past customers for that product might do the trick.

Finance 88

Finance Strategic Planning Auditing CFO 88

CFO Talks

OCTOBER 3, 2024

Cash Handling Issues : Missing deposits, discrepancies between sales records and bank deposits, or unauthorised cash disbursements are red flags. Regular Reconciliations : Perform surprise cash counts and inventory checks and reconcile sales and deposit records frequently. Investigate any discrepancies promptly.

Invoicing 98

Invoicing Auditing Benchmarking Reconciliations 98

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. And are you tracking that?

General Ledger 98

General Ledger Accounts Payable CFO Reconciliations 98

Centage

SEPTEMBER 5, 2023

To determine profit margins, companies subtract the total cost of providing a product or service from the sales price paid for the item by customers. Gross Profit Margin: Your gross profit margin is the amount of your sales revenue minus the cost of your goods. The goal is to model different assumptions and track them over time.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Benchmarking Budgeting Valuation 98

The Finance Weekly

OCTOBER 29, 2024

Financial modeling can also help in performing sensitivity analysis, preparing budgets for capital expenditures, and evaluating the potential value of mergers or acquisitions. The Purpose of Financial Models Financial models serve various functions, such as: Budgeting and Financial Planning - Creating detailed budgets for internal planning.

Financial Modeling 52

Financial Modeling Mergers and Acquisitions (M&A) Budgeting Forecasting 52