VCFO

AUGUST 9, 2023

6 Operating Performance Metrics for Professional Services Firms Professional services firms come in all shapes, sizes, and types – law, accounting, architecture, engineering, field services, janitorial, specialized consulting, and the list goes on. To capture Direct Labor, most firms need some sort of time-tracking system.

General Ledger 82

General Ledger Benchmarking Leverage Budgeting 82

Centage

OCTOBER 3, 2022

This accessible program can accomplish various tasks, such as financial forecasting and budgeting. Why Businesses Use Spreadsheets for Financial Forecasting Many small businesses start using Excel spreadsheets for bookkeeping and budgeting. These can become apparent as your business grows and your accounting needs get more involved.

Forecasting 98

Forecasting Budgeting Data Analysis Financial Modeling 98

The Charity CFO

FEBRUARY 4, 2022

Do a Google search on nonprofit bookkeeping, and you’ll find page after page of articles on nonprofit accounting. Because while nonprofit bookkeeping and accounting are related, they’re not the same thing. A bookkeeper records and organizes financial data; an accountant interprets and presents that data. . And that’s a problem.

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

CFO Simplified

APRIL 15, 2022

Sales – $11,750,000. More recently, the stock model company had experienced a drop in sales, and some customers of the prototyping business were not returning, leaving the company with idle manufacturing capacity. Financial Reporting and Accounting. The general ledger layout is generic in nature.

Manufacturing 52

Manufacturing General Ledger Budgeting CFO 52

CFO Simplified

NOVEMBER 6, 2023

Open a bank account If you are going to start a company, it’s vital you segregate your personal expenses and assets from your company’s expenses and assets. Even though you may have formed an LLC, if you use your personal bank account, credit cards, etc., Get an accounting system There are several basic accounting systems.

General Ledger 52

General Ledger Strategic Planning CFO Accounting 52

PYMNTS

AUGUST 5, 2016

There is seemingly no end to the discussion of how automated accounting can improve a business’ performance. The market is on the cusp of a groundswell of adoption of these technologies, says Therese Tucker, CEO of accounting solutions firm BlackLine , after a long lull among mid-market firms.

Accounting 42

Accounting Reconciliations General Ledger Auditing 42

Centage

OCTOBER 3, 2022

This accessible program can accomplish various tasks, such as financial forecasting and budgeting. Many small businesses start using Excel spreadsheets for bookkeeping and budgeting. For example, you may use spreadsheets to plan your fiscal year or maintain your client sales list. Risk of Errors.

Forecasting 52

Forecasting Budgeting Data Analysis Financial Modeling 52

CFO Simplified

APRIL 15, 2022

There are two major issues here: (1) how do you decide when something becomes obsolete and (2) how do you price it for quick sale? Sales – $10,000,000. Reduce the price of the inventory to minimal levels and promote the sale of the garments through internet channels. Ensure the sales register matches the individual invoices.

Profit and Loss 52

Profit and Loss Manufacturing General Ledger Accounts Payable 52

Planful

JANUARY 3, 2017

Accounts payable. Accounts receivable and collections management. General ledger accounting. The data in an ERP system is typically summarized in the general ledger module. Benefits of ERP also include management reports, such as actual vs. budget variance reports by cost center and department.

General Ledger 40

General Ledger Budgeting Forecasting Cash Flow Forecasting 40

Onplan

NOVEMBER 30, 2022

Finance professionals and teams today have numerous solutions available to help them plan, budget, forecast, and analyze financial information. OnPlan is an all-in-one FP&A solution that streamlines financial forecasting, budgeting, and workflow management by connecting existing spreadsheets to a robust analytics hub. Key features.

Financial Planning and Analysis (FP&A) 52

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

Planful

NOVEMBER 10, 2016

For example, the integration of financial data from general ledgers (GLs) and operational data from human capital management (HCM) and other sources is required to support the financial consolidation and reporting process. Data integration is also required to perform budget vs. actual analysis of financial or operational results.

General Ledger 40

General Ledger Budgeting Forecasting Financial Data 40

CFO Talks

FEBRUARY 20, 2024

Farhaan discusses the critical aspects of his role, emphasising the shift from traditional accounting to strategic and operational involvement across business sectors. Farhan holds a BCom and a number of postgraduate diplomas in accounting from the University of Johannesburg. Farhaan: We speak of CFOs as traditional accountants.

CFO 52

CFO Leadership Accounting Finance 52