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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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Comparing Your Nonprofit Budget to Actual

The Charity CFO

One of the best ways to get a quick read on your organization’s financial health is to compare your nonprofit budget to actual performance. A budget to actual analysis helps you look at your estimated revenue and expense versus what your organization actually saw. This helps improve donor confidence in your organization.

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How to Fix Your Nonprofit Accounting

The Charity CFO

Your nonprofit accounting system might not be the most exciting part of your organization, but it’s one of the most important aspects. An effective accounting system helps you stay in compliance with tax and legal regulations–helping you maintain your exempt status. However, effective accounting isn’t just about following rules.

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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. Chief Compliance Officer. Budget Analyst.

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5 Challenges Nonprofits Face in 2024

The Charity CFO

These challenges include financial issues, data security compliance, and talent retention problems. Review your nonprofit budget and cash flow data to find areas for improvement. Compliance with Evolving Regulations Nonprofits are no strangers to regulatory and compliance issues. That’s where The Charity CFO can help!

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Tips for cash management for a nonprofit organization

The Charity CFO

In a previous article, we discussed the benefits, risks, and compliance requirements of outsourcing bookkeeping for nonprofit organizations. Not only does it fulfill compliance requirements, but it also plays a crucial role in achieving the organization’s mission.

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How to Prevent Burnout in Your Nonprofit

The Charity CFO

High levels of burnout could pose legal, compliance, and financial risks as employees lose focus or drive in their jobs. Comparing your nonprofit budget to actual , for example, can help you better understand where resources are going. However, if that’s not in the budget you can provide appreciation by thanking employees.