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The Relationship Between a Fractional CFO and Your Public Accounting Firm

Beacon CFO Plus

How to Divide Responsibilities and Prioritize Communication The relationship between a fractional or outsourced Chief Financial Officer (CFO) and your company’s public accounting firm should be collaborative, clear, and well-defined. This ensures your company’s financial and accounting needs are met effectively.

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What to Look for in a Nonprofit Accounting Partner

The Charity CFO

It’s important to do your due diligence when looking for an accounting partner. Nonprofit accounting has several major differences from for-profit accounting. An accounting firm that specializes in nonprofit accounting knows the legal and tax limitations of a nonprofit organization.

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12 Best Paying Jobs in Finance in 2023

CFO News Room

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. Budget Analyst.

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5 Challenges Nonprofits Face in 2024

The Charity CFO

Try these strategies to help your organization maintain financial stability in 2024 and beyond: Diversify your revenue streams with new programs, donation initiatives, and fundraising events–so long as you can implement them efficiently. Review your nonprofit budget and cash flow data to find areas for improvement. Get the free guide!

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The Complete Guide to Nonprofit Accounting Careers

The Charity CFO

Myth #3: Nonprofit Accounting (GAAP) and the IRS Rules are the Same Another common misconception is that GAAP and IRS rules are the same when it comes to nonprofits, however, they are not. One key differentiator is that what is recorded following GAAP is what will show up on the audit and may not show up on the IRS tax form, Federal Form 990.

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Understanding the Job of a Nonprofit Operations Manager

The Charity CFO

They also develop and implement operational procedures and systems and manage budgets and financial reports. Often, they’ll also need to be aware of all legal or reporting requirements that the organization may have in executing their programs. Implement Budgets and Oversee Financial Strategy.

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Top 5 Nonprofit Financial Red Flags According to a CPA

The Charity CFO

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. Has the Department of Labor audited your organization for misclassifying contractors as employees?