Beacon CFO Plus

NOVEMBER 30, 2023

Define Roles and Responsibilities: The CFO typically focuses on financial strategy, planning, and management, while the accounting firm handles compliance, audits, and financial reporting. The CFO should work closely with the accounting firm to provide the necessary information for audits and reporting.

Accounting Firms 52

Accounting Firms CFO Accounting Prioritization 52

PYMNTS

JULY 2, 2018

Financial Reporting Council’s Financial Reporting Lab has released a new report on the potential applications of blockchain in the corporate accounting space. According to reports, the group is taking a cautious approach to the technology.

Financial Reporting 40

Financial Reporting Corporate Finance B2B Finance 40

CFO News Room

DECEMBER 16, 2022

Job security is always a concern when choosing a career, but some fields are more recession-proof than others. After all, people will always need financial services, whether investing their money , taking out loans, or managing their taxes. Chief Compliance Officer. Financial Examiner. Financial Reporting Skills.

Finance 130

Finance Budgeting Compliance Financial Analyst 130

The Charity CFO

APRIL 18, 2024

These challenges include financial issues, data security compliance, and talent retention problems. Financial Sustainability For nonprofits, financial sustainability means the financial security to cover expenses and advance your mission. Do You Struggle to Make Sense of Your Financial Statements?

Nonprofit 52

Nonprofit Compliance CFO Leverage 52

The Charity CFO

MARCH 31, 2023

They are actually useful tools to ensure that an organization is in compliance and can also be used to identify potential problems before they become too big. The IRS does not require nonprofit audits in most cases, however, they may periodically request an audit (examination) or a compliance check. Get the free guide!

Nonprofit 98

Nonprofit Auditing Compliance CFO 98

Future CFO

JANUARY 22, 2024

Enhanced Financial Security The rapid integration of technology has underscored the paramount importance of data security and privacy within the accounting industry. As sensitive financial data is transmitted and stored electronically, robust security measures have become paramount to safeguarding sensitive information.

Accounting 52

Accounting Reconciliations Financial Analysis Financial Data 52

VCFO

JUNE 29, 2023

Underscoring this was her ahead-of-the-curve understanding that mission-centered organizations must have strong finance and compliance-related practices and expertise in place to be able to provide services in line with their mission. A CFO will evaluate financial performance, and bring attention to potential issues.

Nonprofit 69

Nonprofit Finance CFO Compliance 69

The Charity CFO

APRIL 20, 2023

These features might include a platform to file your Form 990-N or the ability to create custom reports. How secure is the system? They should be knowledgeable about these standards and can ensure that the organization’s financial statements are prepared in accordance with them. What specialized features will you need?

Nonprofit 98

Nonprofit Accounting Accounting Standards Budgeting 98

Boston Startup CFO

APRIL 12, 2024

We will assist you in navigating the complexities of grant funding, ensuring proper financial management and compliance with funding requirements, providing accurate financial reporting, and maximizing the impact of your research and development projects, helping you secure continued funding and successfully advance your innovative initiatives.

Investments 40

Investments Finance Leverage Securities 40

CFO News Room

NOVEMBER 2, 2022

In the United States, Registered Investment Advisers (RIAs) are required to register in one of 2 ways: with the Federal government (namely the SEC) or with one (or more) state securities regulatory agencies. Compliance policies and procedures manual. Financial-records-disclosure authorization form. Author: Chris Stanley.

Compliance 130

Compliance GAAP Investments Advertising 130

Bramasol

JULY 22, 2023

This new update focuses on the progress of regulatory requirements and software solutions for tangible accounting and reporting of ESG, along with a look at how ESG management can help drive corporate value. For more information, check out these resources: Are You Ready for "Carbon Accounting" Compliance?

IFRS 87

IFRS Accounting SAP Compliance 87

Spreadym

APRIL 27, 2023

Financial reporting: These tools generate financial reports, including income statements, balance sheets, and cash flow statements. It can be important that FA&P software can generate financial reports by several standards. APIs allow data to be shared between systems and automate tasks.

Financial Analysis 52

Financial Analysis Tax Planning Budgeting Forecasting 52

CFO Simplified

MARCH 7, 2024

Most businesses will be required to file an initial BOI Report. Willful failure to comply with these new reporting requirements can result in fines up to $10,000 and up to two years in prison. Existing companies will have until January 1, 2025 to file their initial BOI Report.

Tax Planning 59

Tax Planning Compliance Restructuring Treasury 59

Beacon CFO Plus

NOVEMBER 15, 2023

Fractional CFOs help monitor and optimize cash flow to ensure your company’s financial stability and growth. Financial Reporting: They prepare and analyze financial reports, providing valuable insights into your company’s financial health. This helps you make informed decisions.

CFO 52

CFO Budgeting Strategic Planning Financial Analysis 52

CFO Simplified

MARCH 7, 2024

Most businesses will be required to file an initial BOI Report. Willful failure to comply with these new reporting requirements can result in fines up to $10,000 and up to two years in prison. Existing companies will have until January 1, 2025 to file their initial BOI Report.

Tax Planning 52

Tax Planning Compliance Restructuring Treasury 52

The Charity CFO

MARCH 27, 2024

Specifically, nonprofit leaders should consider these factors when looking for software: Requirements for fund accounting Staying in compliance with reporting and filing Fund Accounting Requirements Fund accounting is an accounting system used by nonprofits that focuses on transparency and accountability rather than profits.

Nonprofit 40

Nonprofit Accounts Payable Compliance Invoicing 40

The Finance Weekly

JANUARY 1, 2023

2) The Importance of Trustworthy, Independent SOC Reports in FP&A. In addition to being a year of instability and economic challenges, 2022 was also a year of increased focus on compliance and data security. Read the FP&A Software Solution Comparison here. Click , here to read.

Finance 98

Finance Compliance Economics Prioritization 98

VCFO

FEBRUARY 15, 2023

in estimated back VAT taxes, penalty, and interest from 3 EU countries, and then at Pencco, where she managed vendors to secure product availability for more than $6M in revenue. She had complete ownership of financials, reporting, auditing, and compliance for all entities.

Auditing 52

Auditing CFO Risk Management Budgeting 52

PYMNTS

JANUARY 22, 2021

Now more than ever, consumers have a vital need to access fast, simple and secure ways to move money across borders to support their friends and family overseas," said Nicky Alexander , head of Visa Direct, Europe. "We regulators to tighten the financial reporting requirements of banks and other financial services providers.

Compliance 107

Compliance Startups Financial Reporting Banking 107

The Charity CFO

MAY 30, 2023

Ensuring that your nonprofit payroll services are up to the task of withholding payroll taxes, complying with grant regulations, and ensuring compliance and transparency can be a huge lift. Missing Payroll Deadlines This can have significant consequences, such as delayed payments to employees or non-compliance with tax regulations.

Nonprofit 52

Nonprofit Compliance Benchmarking CFO 52

The Finance Weekly

OCTOBER 9, 2022

For instance, software that automates regulatory compliance tasks can , free up time for employees while lowering errors that can be quite expensive. IT can assist Finance with Business Reporting. Implementing , financial reporting software is one of the ways IT may support the development of finance.

Finance 98

Finance Budgeting CFO Forecasting 98

The Finance Weekly

JULY 28, 2022

Verra, a Nasdaq listed mobility software firm (Nasdaq: VRRM), cited in a , securities filing from April that the report was audited in house by Vena, which breaks the SOC compliance rules: “You'll see in our 10-K, which we expect to file tomorrow, that we had a material weakness associated with a third-party application called Vena.

Auditing 52

Auditing Compliance Budgeting Securities 52

CFO Share

MARCH 15, 2024

Invoicing and Collections: Every invoice sent and every payment followed up on means securing what your business rightfully earns. Payroll: Beyond paying your team, payroll bookkeeping is about regulatory compliance, making sure every dollar aligns with legal requirements. Make it a routine.

Invoicing 52

Invoicing Cash Management Compliance Finance 52

The Charity CFO

APRIL 1, 2024

Your nonprofit accounting setup needs to be able to meet tax and legal regulation and reporting requirements so you stay in compliance and retain the public’s trust. All of your financial data lives securely in the cloud, which also means you can access it from anywhere with a secure connection. Get the free guide!

Nonprofit 52

Nonprofit Accounting CFO Accounts Payable 52

The Charity CFO

FEBRUARY 8, 2024

Reasons Your Nonprofit May Need an Audit Regulatory Compliance One of the most common reasons for a nonprofit audit is to comply with state or federal regulations. Many regulatory bodies may require one or the other specifically to stay in compliance. Do You Struggle to Make Sense of Your Financial Statements?

Auditing 52

Auditing Nonprofit Compliance CFO 52

The Charity CFO

JULY 17, 2023

Understand Compliance Needs Compliance is an often underrated key to a thriving nonprofit. Create the Right Financial Reports With the many features of modern accounting and bookkeeping software, the amount of information and reports available can be overwhelming. However, a few matter more than most.

Nonprofit 52

Nonprofit Benchmarking Auditing Compliance 52

https://trustedcfosolutions.com/feed/

FEBRUARY 9, 2023

Streamlining the audit process with Sage Intacct will make the process much smoother and save time for your finance team by: Automating data collection specific to the audit, offering better financial insights. Maintaining compliance with industry and government regulations.

Auditing 57

Auditing CFO Compliance Accounting 57

Future CFO

AUGUST 1, 2023

The rise in digital transformation (DX) initiatives and the adoption of mobile technologies have also contributed to the demand for cloud-based financial applications in Asia/Pacific. Companies are increasingly seeking secure and compliant solutions to manage their financial data.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

CFO Leadership

OCTOBER 10, 2023

Future-forward finance and accounting organizations were quick to embrace robotic process automation (RPA) years ago to manage mundane, repetitive back-office tasks like data entry and routine financial reporting. What data governance, privacy and security procedures do we have in place or need? Where is that data located?

Financial Planning and Analysis (FP&A) 115

Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

The Charity CFO

DECEMBER 8, 2022

Establishing sound internal controls is essential for ensuring the financial security, accuracy, and completeness of your records related to grants. Doing this ensures that you can demonstrate compliance with grant requirements and provides a clear audit trail for any future reviews. Keep up with changing compliance rules.

Accounting 52

Accounting Nonprofit Auditing Compliance 52

VCFO

JULY 22, 2022

These impacts will include major changes to accounting practices and financial reporting, as well as increased scrutiny of contracts, service agreements, and all leases starting now and moving forward. The service agreement includes a dedicated server to ensure information integrity and security.

Accounting 78

Accounting Accounting Standards Economics Advertising 78

CFO Talks

MARCH 20, 2024

Key Differences in Everyday Tasks: Reporting: The Controller prepares financial reports; the CFO reviews these reports and uses them to make decisions or plan strategies. This delineation of responsibilities highlights the synergy and division of tasks within an organization’s financial architecture.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

The Finance Weekly

OCTOBER 15, 2023

But, there are important things to think about, like data security, ethics, rules, and biases. Boosting Productivity , AI tools automate repetitive financial tasks, making financial reporting and analysis faster and more efficient. Generative AI can help in saving costs, making better decisions, and developing skills.

Financial Data 52

Financial Data Securities Finance Compliance 52

CFO Leadership

OCTOBER 10, 2023

They can generate, drafts for presentations, emails, and reports, saving employees time and effort on routine tasks. Using these AI tools in their current state in sensitive areas like finance and accounting raises security concerns. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Finance 95

Finance Accounting Auditing IFRS 95

The Charity CFO

JANUARY 12, 2024

While it isn’t impossible to secure funding through one or more of these routes, it’s certainly difficult. Nonprofits Require Extensive Legal and Accounting Compliance Nonprofits are subject to several layers of federal and state laws and financial reporting standards. Get the free guide!

Nonprofit 52

Nonprofit CFO Healthcare Education 52

PYMNTS

SEPTEMBER 17, 2020

Whether that's a lack of security if a piece of paper falls into the wrong hands, or simply the pain of having to manually store a document or capture its data, paper is far from the most efficient way to do business. With digitization initiatives now fully underway at many organizations, the name of the game, for many firms, is to nix paper.

Accounts Payable 63

Accounts Payable Compliance Invoicing Finance 63

The Charity CFO

OCTOBER 4, 2022

They also develop and implement operational procedures and systems and manage budgets and financial reports. And the networks and systems that keep those people aligned take organization, security, and maintenance. Ensure Compliance and Organization. In short, they ensure that the nonprofit runs like a well-oiled machine!

Nonprofit 98

Nonprofit Budgeting Compliance CFO 98