The Charity CFO

JULY 12, 2024

The timing of an organization’s income and expenses in cash-basis accounting can misrepresent the actual financial state of the nonprofit. Additionally, the cash-basis method can make accurate forecasting and budgeting difficult. Say a nonprofit hosts a large fundraising event in the second quarter.

Nonprofit 52

Nonprofit Accounting Budgeting GAAP 52

BlueLight

MAY 1, 2020

The CEO outsources accounting to a third-party accounting firm and may conduct simple FP&A. The Controller is responsible for generating the three main financial statements and ensuring these statements comply with GAAP and other regulatory requirements. The CFO takes on the responsibility of FP&A.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) CFO Strategic Planning Startups 52

The Charity CFO

JULY 19, 2024

The CFO role generally includes: responsible for the strategic direction and goal setting of a nonprofits accounting and financial management. Advanced analysis and reporting Budgeting and forecasting A nonprofit CFO oversees all financial operations to ensure the organization’s financial practices align with its long-term goals and mission.

CFO 52

CFO Accounting Nonprofit General Ledger 52

BlueLight

JULY 30, 2020

Nearly all companies responded using an outsourced accounting firm for general book keeping in the early days of the company life. Example accounting firms include Attivo Partners and Keating Consulting. This is paired with QuickBooks. However, its interface is described as “clunky.” Anaplan handles this problem well.

CFO 52

CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 52