CFO Share

AUGUST 5, 2021

The difference between cost of goods sold and ordinary business expenses is well defined in Generally Accepted Accounting Principles (GAAP) but routinely ignored by small business bookkeeping services. Even worse, an IRS income tax return does not follow the same rules as GAAP. This is your projected income tax.

Forecasting 96

Forecasting GAAP Profit and Loss Accounting Principles 96

The Charity CFO

JANUARY 31, 2022

Like all nonprofit financial statements , the central role of the Statement of Activities is to provide transparency and accountability to your donors and board. If you use cash-based accounting, you’ll only record cash deposited into your bank during the reporting period. . Don't hire the wrong accountant for your nonprofit!

Nonprofit 98

Nonprofit Profit and Loss Auditing GAAP 98

The Charity CFO

JANUARY 5, 2022

This may include materials, advertising, salary of program administrators, a portion of your rent, and more. That may include special event costs, advertising, staff salaries, and more. . Don't hire the wrong accountant for your nonprofit! The #1 accounting mistake that nonprofits make is hiring the wrong people to help them.

Nonprofit 96

Nonprofit Auditing GAAP CFO 96

The Charity CFO

JANUARY 5, 2023

Accountability for everyone involved. When creating your fiscal policy, ensure that it complies with the Generally Accepted Accounting Principles (GAAP). Make board members accountable. Bring GAAP compliance. Create transparency and accountability required by the board and IRS. Unbiased decision-making.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

CFO News Room

NOVEMBER 2, 2022

Though Section 203(c)(1)(D) of the Advisers Act contemplates the possible adoption of a rule that requires the submission of a balance sheet certified by an independent public accountant and “other financial statements,” the SEC has to-date not adopted such a rule. RIA Fee Itemization And Surprise Custody Audits.

Compliance 130

Compliance GAAP Investments Advertising 130

Onplan

NOVEMBER 30, 2022

Users report that locked versions change as accounts, level structures, or simple formula calculations change, which can be frustrating for less tech-savvy budget owners. Despite the guidance throughout the platform, users report that navigation from screen to screen is complex, and the system isn’t as intuitive as advertised.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Planning 52