Beacon CFO Plus

NOVEMBER 30, 2023

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.

Accounting Firms 52

Accounting Firms CFO Accounting Prioritization 52

The Charity CFO

MARCH 29, 2024

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.

Nonprofit 52

Nonprofit Budgeting CFO Prioritization 52

CFO Network

MARCH 18, 2024

Rather than allocating resources to recruitment, training, and employee retention, SMBs can choose a flexible payment model that aligns with their budget and needs. Access to Specialized Expertise: Why Outsourcing Matters Another compelling reason to consider outsourced accounting is access to specialized expertise.

Accounting 52

Accounting Prioritization Communication Accounting Firms 52

CFO Plans

SEPTEMBER 24, 2024

Embrace Virtual Accounting Services for Startups For startups, managing finances can be particularly challenging. Virtual accounting services for startups provide a cost-effective solution, offering the same level of expertise as traditional accounting firms but with greater flexibility.

Tax Planning 52

Tax Planning Accounting Planning Budgeting 52

The Charity CFO

JANUARY 21, 2022

Fund accounting is an accounting system created to help not-for-profit organizations and agencies manage streams of revenue designated for specific purposes. . Fund accounting differs from for-profit accounting in that it prioritizes accountability, though it does add some complexity to the bookkeeping and accounting process.

Nonprofit 92

Nonprofit Accounting GAAP Accounting Principles 92

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.

Nonprofit 52

Nonprofit Accounting Budgeting Accounting Firms 52

The Charity CFO

MAY 19, 2023

By monitoring cash flow, nonprofits gain visibility into their financial health and can make informed decisions about resource allocation, budgeting, and planning. This supports informed decisions about spending, budgeting, and resource allocation. and expenses from various sources (salaries, rent, utilities, program costs, etc.).

Cash Management 52

Cash Management Nonprofit Compliance Budgeting 52