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. You can do this by promoting open communication and transparency throughout your nonprofit. In addition to communication, you can help reduce burnout by prioritizing employee wellness and mental health.

Nonprofit 52

Nonprofit Budgeting Concentration CFO 52

CFO News Room

NOVEMBER 30, 2022

And yet, despite the prominent role of taxes in financial planning, advisors are often prohibited by their compliance departments from making recommendations for a specific course of action on a certain tax strategy.

Tax Planning 130

Tax Planning Compliance Planning Communication 130

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.

Nonprofit 98

Nonprofit Auditing Compliance Accounting 98

The Charity CFO

AUGUST 15, 2023

Compliance Like traditional accounting positions, nonprofit accountants have to ensure compliance with tax laws and regulations. It’s the accountant’s job to properly manage grant funds and ensure that they are meeting the grant guidelines and creating the proper reports. That said, this is not the only option!

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

PYMNTS

MARCH 15, 2019

For some entrepreneurs, those restrictions may lead them to automated software that pulls the accounting function within a company’s walls. According to AccuAlly’s Kattoura, these trends do not imply that automated small business accounting and tax management platforms are unnecessary. ”

Accounting 77

Accounting Accounting Firms Auditing Budgeting 77

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.” “There will be changes.

Corporate Finance 74

Corporate Finance Accounting Finance Accounts Payable 74

CFO Talks

OCTOBER 10, 2022

The different accounting firms will not be able to cater for the number of SMEs that we’ve got. The traditional accounting firms have got tailormade pricing or packages that they offer to the clients. There are also compliance issues that you need to maintain, so you don’t go over and above what your role asks you to do.

CFO 52

CFO Transportation Education Accounting 52

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 52

Finance Invoicing Auditing Technology 52

PYMNTS

JULY 5, 2017

The nature of financial reporting is to communicate facts aggregated using accounting rules. ” Further, solutions that deploy automated data management and analytics features can be critical for government reporting and regulatory compliance. .” These facts can be audited back to the source.

Financial Data 52

Financial Data Auditing Financial Reporting CFO 52

Boston Startup CFO

MAY 9, 2016

For example, in accounting, advanced document processing and secure document transfer portals now make it possible for accounting firm clients to directly upload all of their information through a secure file transfer. These are precisely the kinds of areas that great human accounting professionals are ideally suited to address.

Accounting 52

Accounting Prioritization Advertising Compliance 52

CFO News Room

NOVEMBER 15, 2022

He had given his FINRA licenses up before he joined our firm. And so, it was just myself and our chief investment officer, who’s also our chief compliance officer, I think he may have been a little bit like, “Oh my God, my boss is making me give up my FINRA licenses.” Author: Michael Kitces. Team Kitces. Interesting.

Planning 130

Planning Accounting Compliance Math 130

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 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

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.

Nonprofit 52

Nonprofit Accounting CFO Auditing 52