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

CFO Network

MARCH 18, 2024

Access to Specialized Expertise: Why Outsourcing Matters Another compelling reason to consider outsourced accounting is access to specialized expertise. Accounting firms employ professionals proficient in various accounting and finance domains. Many SMBs grapple with concerns about data security and confidentiality.

Accounting 52

Accounting Prioritization Communication Construction 52

PYMNTS

DECEMBER 16, 2019

Courtneidge discussed those challenges in a recent interview with PYMNTS, noting that as FinTech innovation continues to solve the biggest B2B payments friction points, service providers are tasked with simultaneously prioritizing compliance — two goals that don’t always go hand in hand. Mixing Innovation With Compliance.

Compliance 81

Compliance B2B B2C Prioritization 81

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.

Cash Management 52

Cash Management Nonprofit Compliance Budgeting 52

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. In addition to communication, you can help reduce burnout by prioritizing employee wellness and mental health. But burnout doesn’t only affect employee relationships.

Nonprofit 52

Nonprofit Budgeting Concentration CFO 52

The Charity CFO

MARCH 29, 2024

Accurate data also helps you stay in compliance with legal regulations and tax laws, such as annual IRS filings. Prioritize areas for correction: Make a list of the areas or categories of your budget to actual report that is the most impactful for your organization and plan to focus on fixing those areas first.

Nonprofit 52

Nonprofit Budgeting CFO Prioritization 52

The Charity CFO

AUGUST 15, 2023

Compliance Like traditional accounting positions, nonprofit accountants have to ensure compliance with tax laws and regulations. One example of this is the Financial Accounting Standards Board (FASB) guidelines for nonprofit organizations. That said, this is not the only option!

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52