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

APRIL 22, 2024

In addition to communication, you can help reduce burnout by prioritizing employee wellness and mental health. We’re happy to provide nonprofit accounting services to help take some of that stress off of your team. Contact us today to learn more about outsourcing your financial management. Get the free guide!

Nonprofit 52

Nonprofit Budgeting Concentration CFO 52

The Charity CFO

MARCH 29, 2024

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. This information then helps you proactively address issues and make strategic adjustments to improve your financial standing.

Nonprofit 52

Nonprofit Budgeting CFO Prioritization 52

The Charity CFO

MAY 19, 2023

When strategically implemented as a part of an organization’s financial strategy and other fundamental financial requirements, cash management helps to support a holistic picture of the health and prosperity of an organization and their future abilities to maintain their mission. Get the free guide!

Cash Management 52

Cash Management Nonprofit Compliance 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 98

Nonprofit Accounting GAAP Accounting Principles 98

The Charity CFO

AUGUST 15, 2023

To support and maintain the organization’s tax-exempt status, nonprofit accountants have to understand and adhere to IRS rules for: Tax-exempt organizations Reporting requirements Maintaining proper documentation Reporting Financial reports and statements provide a transparent view of the organization’s financial performance.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

The Charity CFO

DECEMBER 22, 2021

Mm-hmm it doesn’t feel like, oh, you are always saying, no, you can say like, no, this year, this is what we’re prioritizing, and next year we’re gonna prioritize something else. This year’s a organization, which wishlist items line up with that. There’s like a concerted effort to do this thing.

Nonprofit 90

Nonprofit Budgeting Accounting Planning 90