The Charity CFO

MARCH 28, 2024

Working with a professional accounting firm specializing in nonprofit accounting is a great way to fix your accounting system and save time. Nonprofit accounting firms have specialized knowledge related to financial management for nonprofits. Do You Struggle to Make Sense of Your Financial Statements?

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CFO News Room

DECEMBER 16, 2022

Chief Financial Officer. As a financial executive, the chief financial officer (CFO) is responsible for the financial health of an organization. The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management.

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The Charity CFO

APRIL 18, 2024

For instance, working with a nonprofit accountant, like The Charity CFO, can help you reduce your risk of financial non-compliance. But what if you need extra help setting up your nonprofit accounting tech stack or recording donations correctly? That’s where The Charity CFO can help! Get the free guide!

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The Charity CFO

APRIL 22, 2024

We’re happy to provide nonprofit accounting services to help take some of that stress off of your team. Do You Struggle to Make Sense of Your Financial Statements? Get our FREE GUIDE to nonprofit financial reports, featuring illustrations, annotations, and insights to help you better understand your organization's finances.

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The Charity CFO

MARCH 29, 2024

This information then helps you proactively address issues and make strategic adjustments to improve your financial standing. If you’re unsure of where to start comparing budget to actual performance, consider working with a trusted nonprofit accounting firm like The Charity CFO. Get the free guide!

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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!

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Cash Management Nonprofit Compliance Budgeting 52

PYMNTS

SEPTEMBER 24, 2018

For many, the mistakes were discovered when corporate finance teams were changing accounting paperwork to comply with the new U.S. tax law and revenue accounting rules. Camping World Holdings, for example, had to file a restatement after it incorrectly recorded a deferred tax asset related to its acquisition of a 41.7

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Numbers Accounting Accounting Principles Corporate Finance 68

CFO Simplified

MARCH 7, 2024

There are several exemptions to these new reporting requirements, including an exemption for operating businesses (i.e., accounting firms, SEC registered businesses, insurance companies, and publicly traded corporations). The post What to Know About the Corporate Transparency Act appeared first on CFO Simplified.

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CFO Talks

AUGUST 10, 2022

Welcome to this SAIBA CFO podcast, SAIBA is the South African Institute of Business Accountants, it has more than 12 000 members in the country and specialises in a wide range of disciplines such as accountancy and tax, training and development, career enhancement, legislation and financial reporting.

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CFO Network

FEBRUARY 21, 2024

Access to Top-Tier Expertise One of the most surprising advantages of outsourced accounting is gaining access to top-tier expertise. When you partner with a reputable accounting firm, you tap into a wealth of knowledge and experience. This flexibility can significantly impact your bottom line by eliminating unnecessary expenses.

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Accounting Compliance Concentration Accounting Firms 52

CFO Simplified

MARCH 7, 2024

There are several exemptions to these new reporting requirements, including an exemption for operating businesses (i.e., accounting firms, SEC registered businesses, insurance companies, and publicly traded corporations). The post What to Know About the Corporate Transparency Act appeared first on CFO Simplified.

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Tax Planning Compliance Restructuring Treasury 52

https://trustedcfosolutions.com/feed/

SEPTEMBER 20, 2021

Imagine a world where financial reports are delivered in real-time without your direct involvement and you stop working late nights, weekends, and during your family vacations? As the CFO or Venture Capitalist of a Private Equity Fund, you may already have an ERP system in place. About The Author.

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Technology CFO Accounting Financial Reporting 52

Future CFO

SEPTEMBER 7, 2022

According to to “Sustainability – Jobs and Skills for the Accountancy Profession”, a joint study by ISCA, EY, Singapore Management University (SMU) and Singapore Accountancy Commission (SAC), the chief finance & sustainability officer (CFSO) is an emerging C-suite position.

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Finance Auditing Corporate Finance Accounting 52

The Charity CFO

OCTOBER 4, 2022

They also develop and implement operational procedures and systems and manage budgets and financial reports. That doesn’t mean that the operations manager needs to be an accountant. Generally, they’ll oversee the accounting team or work as a liaison with an outsourced accounting firm.

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The Charity CFO

JANUARY 21, 2022

When you set up funds in your chart of accounts, they’ll show on your financial statements as well. So let’s take a look at where you’ll see restricted funds on your financial reports: Statement of Activities. Unlike most accounting firms, we work exclusively with nonprofit organizations like yours.

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Nonprofit Accounting GAAP Accounting Principles 98

The Charity CFO

APRIL 19, 2022

When most nonprofits think about ‘accounting issues,’ they’re concerned about poorly prepared financial reports, bookkeeping errors, gaps in communication with funders, bad audits and a million more things in this vein. Have Nonprofit Financial Red Flags? Red Flag #2: Hidden Compliance Issues. Maybe We Can Help.

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Nonprofit Auditing Compliance Accounting 98

The Charity CFO

AUGUST 15, 2023

To support and maintain the organization’s tax-exempt status, nonprofit accountants have to understand and adhere to IRS rules for: Tax-exempt organizations Reporting requirements Maintaining proper documentation Reporting Financial reports and statements provide a transparent view of the organization’s financial performance.

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PYMNTS

JULY 5, 2017

For a chief financial officer (CFO), having technology — from ERP systems to cloud accounting and cash forecasting tools — has become paramount when deploying a successful growth strategy. But Born said the human element is the key that’s often missing in these innovations to corporate financial reporting.

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CFO Talks

FEBRUARY 20, 2024

Farhaan Moolla: Innovative Leadership: The Journey of a modern and dynamic CFO Written by: Staff writer In this podcast Farhaan Moolla, a seasoned CFO with a notable career in financial leadership and strategic planning, shared his journey, beginning with his entrepreneurial family background. Farhaan : Mornin g, Nicola a s !

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The Charity CFO

APRIL 28, 2023

Is there an advantage to working with accounting firms specializing in nonprofits? However, running a nonprofit comes with unique challenges that require specialized expertise, particularly in financial management and accounting. Accounting firms specializing in nonprofits can help you comply with these regulations.

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The Charity CFO

APRIL 25, 2024

About The Charity CFO The Charity CFO is an accounting firm specializing in serving nonprofits through outsourced accounting and fractional CFO services. We know what a nonprofit goes through each day, and we utilize technology to simplify our clients’ accounting processes. Where is the money?

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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 ? Don't hire the wrong accountant for your nonprofit! The #1 accounting mistake that nonprofits make is hiring the wrong people to help them. Accounts Payable.

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The Charity CFO

DECEMBER 22, 2021

Whether you’re for-profit or nonprofit, you’re running a nonprofit, you’re running an accounting firm leaders of any business. Like I do the things that create financial reports, but the very, very first thing I do every, every single day, my number one priority is revenue generation.

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