The Charity CFO

JANUARY 17, 2022

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. So you can understand what’s happening in your business and communicate effectively with your board members, donors, and financial team. with this overview of nonprofit accounting basics. . It’s a necessity.

Nonprofit

CFO Thought Leader

OCTOBER 2, 2024

Moreover, her early experience had not only solidified her decision-making and communication abilities but also prepared her for the strategic demands required of the leader of Plante Moran’s finance function. I wanted to have a team that I could help to develop and grow and to really be in a place where I felt like I was making a difference.”

CFO

The Charity CFO

APRIL 2, 2024

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.

Nonprofit

PYMNTS

FEBRUARY 6, 2019

This shift has been so acute that small business cloud accounting firm Xero is even petitioning the Oxford English Dictionary to change the definition of “accountant” to one that includes the word “advise.”

Corporate Finance

The Charity CFO

JULY 2, 2024

The first thing you need to do to modernize your operations is assess your current processes and policies with an operations audit. During your audit, take a look at your current systems, workflows, and procedures to identify areas that are working well–and those that need improvement.

Nonprofit

The Charity CFO

JULY 1, 2024

Nonprofit Accounting Expertise and Experience Nonprofit accounting isn’t the same as for-profit business accounting. Your organization needs a nonprofit accountant who understands the differences and has experience in nonprofit accounting. Does the firm respond quickly to messages?

Nonprofit

PYMNTS

JULY 5, 2017

The nature of financial reporting is to communicate facts aggregated using accounting rules. These facts can be audited back to the source. The value of a predictive algorithm is very limited in a reporting process, mainly because the outcome cannot be audited.” But data can quickly turn into a burden.

Financial Data

The Charity CFO

AUGUST 15, 2023

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.

Nonprofit

Future CFO

MAY 19, 2020

Paperless audit trails reduce the risk of non-compliance and human error. With the use of automation capabilities in handling invoices, administrative processes become seamless and smoother, especially for closing and servicing processes.

Finance

The Charity CFO

APRIL 18, 2024

Consider these three tips to help you start leveraging data without compromising user data: Use cloud-based accounting and customer data software like QuickBooks Online. Audit and adjust technology and data practices based on current cybersecurity best practices. Implement staff and volunteer training on security best practices.

Nonprofit

The Charity CFO

APRIL 25, 2024

Instead of slow, paper-driven, backward-looking accounting, these organizations are moving quickly through digital integrations allowing them to focus on their core responsibilities. About The Charity CFO The Charity CFO is an accounting firm specializing in serving nonprofits through outsourced accounting and fractional CFO services.

Nonprofit

The CFO College

MAY 12, 2021

You may have even been trying to run a remote bookkeeping or accounting firm for some time now, without pulling the income you know you deserve, and can’t figure out what’s going wrong. ” View yourself as a business owner, which will increase your confidence in communicating with clients and the value you provide.

Education

CFO News Room

NOVEMBER 15, 2022

I think the biggest thing that started it was when we would have our branch audits, we never had any feedback about something on the RIA side. And that is a very simple, it’s easy to communicate, and it’s very clear. And I got my CPA when I was at the accounting firm and started my CFA. Author: Michael Kitces.

Planning

Barry Ritholtz

JULY 18, 2023

WAGNER: Yeah, I started as a certified public accountant and one of the early engagements that I was tasked with was in the space of asset management and I recall doing the audit on Jeffrey Vinik’s very first year as a hedge fund manager. RITHOLTZ: This is data, voice, communications no matter where you are on the globe.

Investments