The Charity CFO

APRIL 25, 2024

For nonprofit organizations, accounting comes with a lot of complexity. Instead of slow, paper-driven, backward-looking accounting, these organizations are moving quickly through digital integrations allowing them to focus on their core responsibilities. What is the actual goal in a nonprofit accounting setup?

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

Proformative

OCTOBER 18, 2022

We are a construction company and would like to have a few questions answered re.

General Ledger 40

General Ledger Construction Accounting 40

https://trustedcfosolutions.com/feed/

JANUARY 19, 2021

But in this article, we want to give you an overview of Dimensions, a tool inside the Sage Intacct accounting solution software. To get specific, we’ll cover the following topics: A History of the General Ledger. General Ledger’s History. Click here to sign up for the daily Sage Intacct demo. .

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General Ledger Accounting CFO Budgeting 67

CFO Share

SEPTEMBER 23, 2023

Overcomplicating the General Ledger and Chart of Accounts. The Perils of Overcomplicating Your General Ledger Mistake: Creating a general ledger (GL) account for nearly every type of expense. GL accounts are easy to create but difficult to get rid of. Contact us for a free consultation.

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General Ledger (GL) General Ledger Accounts Payable Communication 52

PYMNTS

APRIL 7, 2020

OneStream , which specializes in corporate performance management (CPM) for companies, has a new program that promises to speed up the time it takes to reconcile accounts, according to a press release. The Transaction Matching software goes hand-in-hand with OneStream’s existing Account Reconciliation.

Reconciliations 56

Reconciliations Accounting General Ledger Accounts Payable 56

The CFO College

AUGUST 31, 2021

As an accountant or bookkeeper, you can help prevent startups from going under or losing profitability. You may hear some accounting professionals talk about horror stories related to startups. You also want to establish a clear process for accounts receivable. You see, a good idea just isn’t enough for raising capital.

Startups 81

Startups Accounting General Ledger Forecasting 81

Cube Software

AUGUST 29, 2023

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. Most companies use an ERP to manage their General Ledger (GL). NetSuite is a popular ERP system built for organizations of all sizes.

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

The Finance Weekly

NOVEMBER 3, 2021

Account reconciliation is the matching and validating of balances in the general ledger (GL) to internal and external sources or other independent calculations to accurately close month-ends and year-ends. For both internal and external sources, each balance has to match the corresponding account in the general ledger.

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Reconciliations General Ledger (GL) Accounting Finance 52

Focus CFO

JUNE 16, 2023

Scott has more than 20 years of diverse Finance and Accounting leadership experience spanning companies of all sizes and across multiple industries that include manufacturing, distribution, and professional services.

General Ledger 52

General Ledger Leadership Manufacturing CFO 52

CFO Simplified

NOVEMBER 28, 2022

If you’re a manufacturer or a wholesale distributor, you should be comparing the value in that inventory value report to one line on your general ledger, and that’s the value of inventory. . It is important to reconcile this report with your general ledger to make sure that the numbers are correct.

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General Ledger CFO Accounts Payable Reconciliations 98

Embark With Us

JANUARY 19, 2022

So give us a few minutes as we explain how Alteryx is the next evolutionary step from Microsoft Excel and, most importantly, how it can reinvent your accounting function into a streamlined, nimble, and value-adding powerhouse for your entire enterprise. What Is Alteryx? Before we begin, we want to make a few things clear. Data cleansing.

Accounting 98

Accounting Finance Data Analysis General Ledger 98

PYMNTS

MARCH 31, 2020

The solution identifies fraud and risk, bolsters decision making, automates manual work and eliminates accounts payable (AP) process errors. The technology works in the background to provide correct approval routing and general ledger (GL) coding at the bill as well as bill line level.

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Accounts Payable General Ledger (GL) Accounting General Ledger 53

Future CFO

MAY 31, 2023

Technology has made financial reporting easy for everyone involved in the process, from the finance and accounts team preparing reports to the regulators, investors, and others who use those reports. We also do support asset accounting and tax reporting," he added. That said, technology is only one aspect of the reporting process.

Finance 98

Finance General Ledger Prioritization Auditing 98

The CFO College

JUNE 3, 2021

Increase Your Value and Boost Your Services with Two CFO-Level Accounting Tools. Yes, automations can crunch numbers, but there is so much more to providing accounting services than calculations. Thankfully, bookkeeping is far from irrelevant -- you just need to learn to adapt as the industry changes.

Accounting 52

Accounting CFO Auditing General Ledger 52

Future CFO

SEPTEMBER 21, 2020

Accounting is the language of business. He acknowledged having taken “a lot of” accounting courses over the years and understanding the language has rewarded him well financially. As he puts it rightly, accountants must elevate their roles to that of strategic partners. Because it is expected of them.

Accounting 52

Accounting Technology Mergers and Acquisitions (M&A) Leadership 52

The Charity CFO

APRIL 29, 2022

A financial statement audit is a thorough review of your financial statements to determine if your financial statements present fairly, in all material respects, in accordance with generally accepted accounting principles. Do your bank account and/or loan balances look accurate?

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Nonprofit Auditing General Ledger Reconciliations 105

https://trustedcfosolutions.com/feed/

JUNE 2, 2022

In that case, you may be looking for more powerful real-time accounting solutions to provide you with a better view of your entire operation and help with things like taxation, HR, multiple currencies, and more. Secure access to your key data from anywhere, at any time, because your accounting solution is cloud-based.

Finance 104

Finance General Ledger IFRS GAAP 104

Future CFO

AUGUST 1, 2023

According to IDC's 2023 Future SMB and Midmarket Survey , 50% of surveyed respondents (driven by SMBs) in Asia/Pacific state that they will automate their financial and accounting processes through cloud applications in the next 18 months. "As

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Invoicing General Ledger Reconciliations Budgeting 98

https://trustedcfosolutions.com/feed/

NOVEMBER 30, 2022

The right accounting software should give you a competitive edge, delivering a range of accounting capabilities unique to your SaaS business. Quantitative and qualitative data should be able to flow seamlessly into the accounting system through a robust ecosystem of vendors.

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General Ledger Compliance Finance Forecasting 108

PYMNTS

JANUARY 22, 2019

Accounting, consultancy and technology firm Crowe is rolling out a new solution designed for hospitals to automate daily bank reconciliation processes and manage cash flow, the company said in a recent announcement. Hospitals can often struggle to manually reconcile cash flow coming from multiple sources.

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Cash Management General Ledger Reconciliations Healthcare 73

https://trustedcfosolutions.com/feed/

MARCH 26, 2023

Reconcile accounts: Once you’ve reviewed all transactions, you’ll need to reconcile and account for all transactions. This involves matching the balances in your general ledger to the balances in your bank statements and other financial records. Make sure everything is accurate and there are no discrepancies.

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General Ledger Accounting Invoicing Financial Data 62

CFO Simplified

NOVEMBER 21, 2022

So why not set up a petty cash account with a small amount of money that can be used for things like running to the hardware store or office supply store? The important thing is to keep track of all the expenses associated with the account. – and that all expenses are accounted for. Cash going into the petty cash account.

General Ledger 98

General Ledger Reconciliations CFO Accounting 98

Creative CFP

OCTOBER 2, 2020

A couple of years into my career as a chartered accountant I started to wonder if I was still enjoying working in the finance industry. I was so consumed with day-to-day accounting tasks that I did not have time to monitor the financial health of businesses I was taking care of, or to provide valuable feedback to business owners.

Accounting 52

Accounting Finance Cash Flow Forecasting General Ledger 52

CFO Share

JULY 14, 2022

Here’s what you should consider when approaching a catch-up bookkeeping or an accounting clean up project. As a rule of thumb, bookkeepers are not qualified to do accounting clean up – you need a trained accountant. Managerial accountants, like CFOshare, optimize financial statements for management decision-making.

General Ledger (GL) 52

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

https://trustedcfosolutions.com/feed/

APRIL 5, 2023

The cloud accounting solution, Sage Intacct , is an excellent resource to keep your financials on track by creating an efficient month-end close without the headache or hassle of sorting through documents and tracking mistakes. Customize Your Chart of Accounts With Dimensions. Implement Automated Workflows.

General Ledger 62

General Ledger Reconciliations Accounting Standards Auditing 62

Planful

JUNE 22, 2017

Financial Consolidation in the Accounting World. But in the accounting world, “financial consolidation” is a well-defined process that includes several complexities and accounting principles. Here are the key accounting consolidation steps in the finance consolidation process : Collecting trial balance data (e.g.,

Accounting 40

Accounting General Ledger IFRS GAAP 40

The SaaS CFO

APRIL 5, 2018

Sample Chart of Accounts for SaaS I’ve received quite a few requests about a sample chart of accounts for SaaS, so let’s address a super critical component of your accounting. Not a “fun” topic per se, but you need to understand the concept behind your chart of accounts and implement the correct structure if you […].

Accounting 81

Accounting CFO General Ledger 81

PYMNTS

AUGUST 12, 2020

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. Finance administrators and project managers both benefit from automation of the accounts payable process.

Construction 69

Construction General Ledger (GL) Accounts Payable General Ledger 69

Centage

JANUARY 3, 2023

Businesses across industries use spreadsheet formulas daily to accomplish a diverse task range, from cost accounting to bookkeeping to project management. Connectivity: Our software can automatically integrate with your general ledger for budget analysis, offering a clearer picture of your company’s financials.

Financial Planning and Analysis (FP&A) 98

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

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.

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General Ledger Benchmarking Leverage Budgeting 83

CFO Talks

JUNE 23, 2022

Automation software is increasingly doing basic accounting, so financial teams need to do more. An effective financial team should be able to build frameworks to create “data lakes” for general ledger information, inventory, HR information, sales data and external information. Here’s how you can build one.

Finance 52

Finance General Ledger CFO Accounting 52

CFO Simplified

DECEMBER 26, 2021

It’s easy to grow without noticing that your finance and accounting department is stretched far too thin. From overworked staff accountants to controllers running month-end closes, a poorly structured finance, and accounting department can put strains on your business’ growth. Roles and Responsibilities. Company Size.

Finance 52

Finance General Ledger CFO Auditing 52

E78 Partners

SEPTEMBER 21, 2023

These challenges include resource limitations, complexity of accounting standards, volume of transactions, weak internal controls, stakeholder expectations, and much more. Furthermore, in an era of intricate financial landscapes, preparing for compliance with complex accounting standards becomes non-negotiable.

Auditing 52

Auditing General Ledger Reconciliations Accounting Standards 52

Centage

SEPTEMBER 14, 2021

Accounting has evolved quite a bit since the early days of double-entry systems and general ledgers. Cloud-based business budgeting and financial planning tools integrate with popular general ledger, CRM, ERP, and other business systems to create a single source of truth without manual data transfer errors.

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Budgeting General Ledger Data Analysis Financial Data 96

Centage

JULY 25, 2023

Businesses across numerous industries use Microsoft Excel spreadsheets to accomplish a wide range of tasks, including bookkeeping, accounting, and project management. For many business owners, automated software outperforms conventional Excel spreadsheets for several accounting tasks, especially for emerging and growing businesses.

Budgeting 98

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

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Nonprofit Invoicing General Ledger GAAP 98

Bramasol

NOVEMBER 13, 2023

As an early co-innovator with SAP, the Bramasol team helped with the launch and ramp-up of SAP Revenue Accounting and Reporting (RAR) as the first comprehensive solution for implementing the new standards. For more on alternative approaches, read the next section.)

SAP 77

SAP General Ledger IFRS Compliance 77