The Charity CFO

JULY 19, 2024

As an executive-level role, the CFO is in charge of guiding the overall financial strategy of the organization. Nonprofit CFOs are also responsible for clearly and accurately reporting financial data to the board of directors. An accountant takes on a higher level of responsibility than a bookkeeper.

CFO 52

CFO Accounting Nonprofit General Ledger 52

The Finance Weekly

MARCH 25, 2024

The CFO oversees the financial side of the house and advises the CEO and other execs on strategy. ,, Brainyard's Winter 2021 Survey sheds light on what success looks like for finance leaders and how priorities have shifted. They guide department heads, help with budgeting, and analyze financial data to steer the ship.

CFO 97

CFO Finance Forecasting GAAP 97

The Charity CFO

JULY 12, 2024

Benefits of Accrual-Basis Accounting for Nonprofits Switching to accrual-based accounting can have a lot of benefits for nonprofit organizations. Many regulatory bodies and grantors require accrual-basis financial statements. Better transparency also helps you stay compliant with regulations or grant requirements.

Nonprofit 52

Nonprofit Accounting Budgeting GAAP 52

The Finance Weekly

FEBRUARY 20, 2022

Or perhaps your integrated cash flow reports are based on GAAP accounting principles rather than formulas, but your existing planning and forecasting software application doesn't support them. To ensure your company's success, you'll need , sophisticated FP&A systems that prioritize cash.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Cash Flow Forecasting Forecasting GAAP 52

Cube Software

MAY 10, 2023

This ensuresthe financial statements are accurate. It provides a true picture of company financial data used in decision-making. What if I use cash basis accounting? Cash basis accounting is an accounting method whereby income and expenses are recognized only when cash is exchanged.

GAAP 40

GAAP Profit and Loss Accounting Principles Financial Data 40

Spreadym

AUGUST 10, 2023

What is financial reporting software? Financial reporting software refers to specialized tools or applications designed to help organizations generate, manage, and present their financial data in a clear and organized manner. Exporting and Sharing: The ability to export reports in various formats (PDF, Excel, etc.)

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) Accounting Standards CFO 52

Musings on Markets

JULY 14, 2021

Almost in parallel, accounting as a profession found its footing and worked on creating rules that would apply to reporting, at least at publicly traded companies, with GAAP (Generally Accepted Accounting Principles) making its appearance in 1933.

GAAP 52

GAAP Forecasting Accounting Numbers 52