Boston Startup CFO
APRIL 3, 2023
Financial accounting: A topic that can easily disorient even the most driven entrepreneurs. Fortunately, we present you with a compass – a diagram that demystifies the functions of financial accounting. In this tier, a double-entry accounting system is employed to ensure the accurate recording of all transactions.
CFO Simplified
DECEMBER 12, 2021
The terms “finance” and “accounting” are often used interchangeably. There are, however, very real differences between finance and accounting. While many business owners look for a CFO to bolster their existing accounting team, here at CFO Simplified, we consider that a CFO would be categorized squarely in the finance category.
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CFO Simplified
FEBRUARY 17, 2022
The business’ part-time CFO was providing financials that didn’t match the reports they received from their accountant. Develop a cash-flow forecast so that the company could understand cash availability and plan on payments to their vendors and the primary lender. Change to accrual basis accounting. Ownership – Two partners.
CFO Share
MAY 10, 2024
These forecasts align well with their strengths including: Extremely detailed and accurate Highly transactional Rigorously executed in the same processes every week Short-term focused Avoid long-term strategic planning with your bookkeeper if they are not educated in such tasks. List All Accounts Payable (AP) Due by Week (bookkeeper).
CFO Talks
MARCH 20, 2024
Think of a Controller as the head of getting day-to-day money matters right, like making sure every penny is accounted for and reports are spot-on. It’s about making plans for the company’s financial future and finding ways to make the business better. The CFO, however, looks at the bigger picture.
The Charity CFO
JUNE 7, 2023
accounts payable, loans). Strategic Uses Financial Planning and Budgeting : Provides insights into the organization’s available resources and financial capacity, enabling strategic decision-making regarding resource allocation, capital investments, and long-term financial sustainability.
CFO Leadership
DECEMBER 12, 2022
This includes traditional offerings such as retirement savings (401K) and health savings accounts (HRA, HSA). Asset-based loans: Businesses can borrow based on their own financial and physical assets, which can range from accounts receivables and inventory to equipment and real estate. Maintenance and Expansion.
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