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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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Accelerating Financial Reporting, From Monthly Reports To Real-Time Analytics

PYMNTS

In today’s fast-paced business environment, the mad dash at the end of every month to close the books is hardly beneficial to today’s entrepreneur – or her accountant. “That forces the accountant to get into a phase of just trying to get it done. “The news is about 30 days old at best.”

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Tips for cash management for a nonprofit organization

The Charity CFO

Budgeting and forecasting: outlining projected income and expenses for a specific period, typically annually. Developing accurate financial forecasts can help nonprofit organizations anticipate cash flow fluctuations and plan accordingly, thus avoiding cash shortages, managing their financial commitments and allocating resources effectively.

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Breaking Down the FP&A Function of the CFO Suite

BlueLight

Traditionally, the chief financial officer (CFO) is responsible for tracking the company’s past and present financial situation and ensuring on-time and accurate financial reporting. This function is called financial planning and analysis (FP&A). The CFO takes on the responsibility of FP&A.

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12 Best Paying Jobs in Finance in 2023

CFO News Room

Most financial managers have previous experience working in market analysis and forecasting positions similar to this one. Financial managers are responsible for developing long-term financial plans, directing investment activities, and generating financial reports for their company.

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How Tech Can Help Uncover The Story Behind Financial Data

PYMNTS

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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Small Businesses At The Center Of Bots Vs Accountants

PYMNTS

“The healthy economy brings a need for companies to know where their business is thriving financially (or not), to help make decisions for the future.”. “Bookkeeping is the low-value work performed by accounting firms,” he said. “It’s manual-intensive, error-prone, and hard to hire and train for.”