Fpanda Club

MARCH 28, 2021

This article describes the FP&A maturity assessment model focused on major tasks of the function (strategic planning and budgeting, forecasting, analytics, management reporting, performance management and decision support) and built around 3 key areas – processes, tools/systems and people.

Forecasting 130

Forecasting Budgeting General Ledger Finance 130

PYMNTS

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. But the ERP of today doesn’t look like it used to.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

CFO Share

JULY 16, 2024

In contrast, a CFO is a more strategic financial professional, focusing on long-term planning, investor relations, and overarching financial strategy. Strategic Planning and Forecasting CFOs create long-term financial plans and forecasts.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) CFO General Ledger Compliance 98

CFO Simplified

APRIL 17, 2022

Manufacturing variances were caused by a variety of factors, but the summary general ledger (GL) postings didn’t provide an answer. . This information was available from their enterprise resource planning (ERP) system. Each production run was scrutinized to determine the specific cause(s) of the variance. Excessive set-up time.

General Ledger (GL) 92

General Ledger (GL) Profit and Loss General Ledger CFO 92

Centage

JANUARY 18, 2022

How can we plan for an uncertain economy? Freed from the shackles of a siloed, legacy tool like Excel and managed instead within strategic FP&A solutions, budgets become living, evolving documents that finance teams can use as an in-house planning tool, updating monthly, quarterly or on an ad-hoc basis. Who should be involved?

Budgeting 111

Budgeting Forecasting Financial Planning and Analysis (FP&A) General Ledger 111

Centage

JULY 25, 2023

At Centage, we deliver an industry-leading solution known as Planning Maestro® to businesses like yours to overcome the challenges that Excel spreadsheets present. Highly Personalized Many Excel users utilize spreadsheets for personal budgeting and financial planning. You can also review your results with and without adjustments.

Budgeting 98

Budgeting Financial Planning and Analysis (FP&A) General Ledger Forecasting 98

CFO Share

MAY 22, 2024

Instead, use a checklist to exhaustively check all potential problems, identify issues to fix, and plan the correct order to address them. Take the time to examine your item masters, product codes, general ledger mappings, and the structure of your chart of accounts. Develop and execute a clean-up plan.

Profit and Loss 105

Profit and Loss General Ledger Accounting Financial Reporting 105

Future CFO

AUGUST 1, 2023

More than 50% of mid-size enterprises plan to automate analytics/BI through cloud applications in the next 12 – 18 months, highlighting the demand for financial reporting and analytics capabilities. 49% of mid-size enterprises plan to automate billing and invoicing processes via cloud applications in the next 18 months.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

PYMNTS

AUGUST 12, 2020

In addition, project managers don’t need to find certain projects by general ledger (GL) account code numbers; instead, they can locate them by name. Centsoft links with various enterprise resource planning (ERP) technologies such as NetSuite, SAP Business One, QuickBooks and Dynamics 365.

Construction 69

Construction General Ledger (GL) Accounts Payable General Ledger 69

Focus CFO

JUNE 16, 2023

He has served as the full-time CFO of 2 companies and has extensive experience in general ledger accounting, financial planning, modeling and analysis, cash forecasting, cost reduction, capital structures, contract negotiation, and successful exits.

General Ledger 52

General Ledger Leadership Manufacturing Forecasting 52

Planful

SEPTEMBER 10, 2015

Defining and Describing Enterprise Resource Planning. Enterprise Resource Planning, or ERP, is a system that is designed to process transactions and keep track of the resources within an organization. EPM assists the CFO and finance department in creating initial targets or budgets, and to coordinate planning across the organization.

Planning 40

Planning General Ledger Accounts Payable Budgeting 40

CS Lucas

APRIL 28, 2023

This article will cover the information exchanged between CS Lucas and the accounting (Enterprise Resource Planning) system, as well as the methods employed to facilitate this exchange. This file can be configured to be sent at a specified frequency, with the recommended best practice being once a day.

Accounting 52

Accounting General Ledger Accounts Payable Foreign Exchange 52

The CFO College

AUGUST 31, 2021

Help your startup clients stay cash flow positive with good budgeting and planning services. This data includes a capital plan, proper entity structure, pre-revenue valuation, and raise structure (convertible note or direct equity). Minimize expenses and reduce debt payments or lower the cost of inventory.

Startups 81

Startups Accounting General Ledger Forecasting 81

Cube Software

AUGUST 29, 2023

Most companies use an ERP to manage their General Ledger (GL). An ERP system , or enterprise resource management system, is a software solution that helps companies manage day-to-day operations like accounting, procurement, HR, finance and more. NetSuite is a popular ERP system built for organizations of all sizes.

General Ledger (GL) 52

General Ledger (GL) General Ledger Financial Data Financial Reporting 52

Planful

NOVEMBER 12, 2019

Financial planning is built around general ledgers, accounts, journal entries, cost centers, debits and credits. They want to create dynamic plans that work for them, for their business, and in a format they understand. Dynamic Planning Tailored to Every Need. That’s because finance is fundamentally structured.

Planning 40

Planning General Ledger Forecasting Finance 40

CFO Share

JULY 14, 2022

Too many general ledger (GL) accounts. Too many general ledger accounts. That can lead to “GL diarrhea”: too many ledgers, multi-page P&Ls, and unusable financial statements. Small business owners benefit from a sophisticated GL structure customized to their business plan. Develop a plan.

General Ledger (GL) 52

General Ledger (GL) General Ledger Profit and Loss Invoicing 52

Centage

OCTOBER 3, 2022

These obstacles can become even more pronounced as your business grows and your financial planning gets increasingly complex. For example, you may use spreadsheets to plan your fiscal year or maintain your client sales list. You need to account for these possible outcomes in advance to ensure your business plans appropriately.

Forecasting 98

Forecasting Budgeting Data Analysis Financial Modeling 98

Bramasol

SEPTEMBER 8, 2024

Better Insights : Provides deeper insights into revenue metrics and performance, supporting better decision-making and strategic planning. Event-based revenue recognition is fully integrated with the General Ledger and the recognition data is stored in the same location as cost and revenue data.

SAP 59

SAP General Ledger Compliance Accounting Standards 59

Bramasol

JANUARY 18, 2024

Or, in some cases, it can make sense to start small and add functionality according to a pre-determined plan. In this situation, one source document triggers the creation of two separate journal entries directly in the general ledger. However, not all of these elements are required for every implementation.

Compliance 70

Compliance SAP General Ledger B2C 70

CFO Plans

AUGUST 5, 2020

By Fizal Meera, Associate Controller – CFO Plans. Companies plan their overheads to match the revenue. Therefore, it is paramount that each month’s revenue is stated only as it is earned so planning based on that would be accurate. You may have heard of prepaid income or perhaps unearned income. Management Information.

General Ledger 52

General Ledger Accounting Principles Invoicing CFO 52

PYMNTS

FEBRUARY 13, 2019

In the accounting space, that means integrations with enterprise resource planning (ERP), accounts receivable, accounts payable, procurement, banking and other portals. “You won’t just crack open your general ledger to a CRM database guy.” “But it’s not because of technology hurdles.”

Finance 75

Finance General Ledger Accounts Payable Math 75

The Charity CFO

JULY 19, 2024

Common nonprofit bookkeeping tasks include: Recording donations Entering accounts payable and receivable Organizing and reviewing bank statements Maintaining the general ledger These everyday financial duties help bookkeepers provide a clear and up-to-date picture of the nonprofit’s financial status.

CFO 52

CFO Accounting Nonprofit General Ledger 52

CFO Simplified

DECEMBER 26, 2021

This involves planning for the future. Understanding product costs, manpower costs, and efficiency, management of inventory, analysis of the use of inventory and cash, cash flow planning, analysis of planning for future equipment or facility purchases are all in-scope for a CFO.

Finance 52

Finance General Ledger CFO Auditing 52

Future CFO

AUGUST 2, 2021

Collaboration between financial planning and analysis (FP&A) and business and operations teams when forecasting and planning is greater in organisations within Asia Pacific than those in North America and multinationals, said the Association for Financial Professionals (AFP) recently when releasing results of a survey.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) General Ledger Forecasting Corporate Finance 40

Planful

JUNE 22, 2017

Assets, Liabilities, Equity, Revenue, and Expense accounts) from multiple general ledger systems, and mapping it to a centralized chart of accounts. While these systems have historically been deployed in on-premises data centers, they are now available as Cloud Financial Planning and Analysis Solutions. .

Accounting 40

Accounting General Ledger IFRS GAAP 40

Planful

JANUARY 3, 2017

Although the name makes it sound like a system that’s optimized for planning, in reality, an ERP system is designed and optimized for back-office transaction processing and operational process support. General ledger accounting. The data in an ERP system is typically summarized in the general ledger module.

General Ledger 40

General Ledger Budgeting Forecasting Cash Flow Forecasting 40

CFO Simplified

APRIL 15, 2022

The general ledger layout is generic in nature. The company has never created a budget for planning purposes. To maintain margins and profitability, the company needed to consider changing their sales approach, eliminating the middlemen, and going direct to consumers through the internet marketplace. Recommendation.

Manufacturing 52

Manufacturing General Ledger Budgeting CFO 52

Planful

NOVEMBER 10, 2016

Key EPM processes include modeling, planning, financial consolidation, reporting, and analytics that are linked in a continuous, repeatable management cycle. In budgeting and planning, the integration of prior-year actuals from GLs may be required to “seed” the annual budget process.

General Ledger 40

General Ledger Budgeting Forecasting Financial Data 40

Bramasol

JULY 26, 2024

Digital Transformation: Is there a way to map out an incremental plan for migrating our business to S/4HANA? What are the options?

SAP 80

SAP IFRS GAAP Compliance 80

E78 Partners

SEPTEMBER 21, 2023

Implement Robust Documentation Procedures Maintaining organized records is paramount for any organization, necessitating a systematic approach to filing and ensuring easy access to crucial documents like financial statements, general ledgers, bank statements, and invoices.

Auditing 52

Auditing General Ledger Reconciliations Accounting Standards 52

CFO Simplified

APRIL 22, 2022

Upgrading simple accounting software to an ERP (Enterprise Resource Planning) system that is going to manage every aspect of the company from operations to accounting and finance, and sometimes even sales and customer relations is no small task. There is a significant amount of planning that needs to take place. Change is difficult.

General Ledger 52

General Ledger Accounts Payable Manufacturing Planning 52

CFO Simplified

NOVEMBER 6, 2023

You might start with one single item, but knowing where you might be two or five years from now will be helpful in developing your strategic plan. Does it have a general ledger with numbered accounts? Plan it month by month. But if you plan well, and succeed, it’s all worth it. Do you need a company? Be realistic.

General Ledger 52

General Ledger Strategic Planning Accounting CFO 52

PYMNTS

MARCH 19, 2020

Providing AP automation and enterprise resource planning (ERP) solutions in one product allows businesses to streamline the process and more easily move forward with trusted vendors. Data is essential to this process, Miller said, which must be tailored to each individual client. … [That] really means manual work for the AP team.”.

Accounts Payable 52

Accounts Payable General Ledger Accounting Technology 52

Spreadym

JULY 10, 2023

Subsidiary Ledgers and Reconciliations: Subsidiary ledgers, such as accounts receivable and accounts payable, are reconciled to the general ledger to ensure consistency and accuracy. These entries correct errors, allocate costs, or reclassify transactions to the appropriate accounts.

Financial Planning and Analysis (FP&A) 52

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

https://trustedcfosolutions.com/feed/

JUNE 15, 2021

With Visual Explorer, you can transform your business plan and make strategic, data-driven decisions with interactive, visual insights into your financials. Intelligent General Ledger. What if you could make quicker decisions for your company’s future based on real-time data from the past and present?

General Ledger 57

General Ledger CFO Financial Data Budgeting 57

The Finance Weekly

MARCH 1, 2022

At this stage of maturity, the FP&A function or team is frequently a component of other financial entities such as accounting, treasury, or the finance function in general, with roles and responsibilities that are not clearly defined and processes that lack formal description.

Financial Planning and Analysis (FP&A) 52

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

The Charity CFO

OCTOBER 9, 2024

For example, some key features of accounting software include: Maintaining the general ledger Creating financial statements Accounts payable/receivable management The Incompatibility of Fundraising and Accounting Data The core functions of fundraising and accounting software play the main role in why you can’t integrate them.

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52