The Charity CFO

MAY 19, 2023

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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The Charity CFO

APRIL 22, 2024

High levels of burnout could pose legal, compliance, and financial risks as employees lose focus or drive in their jobs. We’re happy to provide nonprofit accounting services to help take some of that stress off of your team. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

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CFO Simplified

MARCH 7, 2024

There are several exemptions to these new reporting requirements, including an exemption for operating businesses (i.e., accounting firms, SEC registered businesses, insurance companies, and publicly traded corporations). Existing companies will have until January 1, 2025 to file their initial BOI Report.

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The Charity CFO

MARCH 29, 2024

By knowing where budgeted funds actually end up, you reduce the chance of fraud or inaccuracies in your financial statements. Accurate data also helps you stay in compliance with legal regulations and tax laws, such as annual IRS filings. Our dedicated team of nonprofit accountants can help you review your budget to actual reporting.

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The Charity CFO

APRIL 19, 2022

Red Flag #2: Hidden Compliance Issues. 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. DO NOT let compliance issues linger. Maybe We Can Help.

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The Charity CFO

OCTOBER 4, 2022

They also develop and implement operational procedures and systems and manage budgets and financial reports. That doesn’t mean that the operations manager needs to be an accountant. Generally, they’ll oversee the accounting team or work as a liaison with an outsourced accounting firm.

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CFO Talks

AUGUST 10, 2022

Welcome to this SAIBA CFO podcast, SAIBA is the South African Institute of Business Accountants, it has more than 12 000 members in the country and specialises in a wide range of disciplines such as accountancy and tax, training and development, career enhancement, legislation and financial reporting.

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Future CFO

SEPTEMBER 7, 2022

According to to “Sustainability – Jobs and Skills for the Accountancy Profession”, a joint study by ISCA, EY, Singapore Management University (SMU) and Singapore Accountancy Commission (SAC), the chief finance & sustainability officer (CFSO) is an emerging C-suite position.

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The Charity CFO

AUGUST 15, 2023

Compliance Like traditional accounting positions, nonprofit accountants have to ensure compliance with tax laws and regulations. While many of these roles are similar to those of a traditional business, it’s still advantageous for accountants to have nonprofit expertise. That said, this is not the only option!

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PYMNTS

JULY 5, 2017

For a chief financial officer (CFO), having technology — from ERP systems to cloud accounting and cash forecasting tools — has become paramount when deploying a successful growth strategy. But Born said the human element is the key that’s often missing in these innovations to corporate financial reporting.

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CFO Talks

FEBRUARY 20, 2024

Farhaan Moolla: Innovative Leadership: The Journey of a modern and dynamic CFO Written by: Staff writer In this podcast Farhaan Moolla, a seasoned CFO with a notable career in financial leadership and strategic planning, shared his journey, beginning with his entrepreneurial family background. Farhaan : Mornin g, Nicola a s !

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The Charity CFO

APRIL 28, 2023

Is there an advantage to working with accounting firms specializing in nonprofits? However, running a nonprofit comes with unique challenges that require specialized expertise, particularly in financial management and accounting. Accounting firms specializing in nonprofits can help you comply with these regulations.

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The Charity CFO

APRIL 25, 2024

For nonprofit organizations, accounting comes with a lot of complexity. Categorizing transactions, reporting income, and meeting compliance requirements can be overwhelming. About The Charity CFO The Charity CFO is an accounting firm specializing in serving nonprofits through outsourced accounting and fractional CFO services.

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The Charity CFO

JANUARY 17, 2022

Your core financial reports, which we’ll look at below, exist to answer this one simple question– how much value has your organization created ? Don't hire the wrong accountant for your nonprofit! The #1 accounting mistake that nonprofits make is hiring the wrong people to help them. Accounts Payable. Other Taxes.

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