CFO Simplified

DECEMBER 26, 2021

It’s easy to grow without noticing that your finance and accounting department is stretched far too thin. From overworked staff accountants to controllers running month-end closes, a poorly structured finance, and accounting department can put strains on your business’ growth. Roles and Responsibilities. Company Size.

Finance 52

Finance General Ledger CFO Auditing 52

Creative CFP

OCTOBER 2, 2020

A couple of years into my career as a chartered accountant I started to wonder if I was still enjoying working in the finance industry. I was so consumed with day-to-day accounting tasks that I did not have time to monitor the financial health of businesses I was taking care of, or to provide valuable feedback to business owners.

Accounting 52

Accounting Finance Cash Flow Forecasting General Ledger 52

The Charity CFO

FEBRUARY 4, 2022

Do a Google search on nonprofit bookkeeping, and you’ll find page after page of articles on nonprofit accounting. Because while nonprofit bookkeeping and accounting are related, they’re not the same thing. A bookkeeper records and organizes financial data; an accountant interprets and presents that data. . And that’s a problem.

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

Future CFO

SEPTEMBER 26, 2022

Finance has also invested heavily in technology to reduce time to close, with three technologies deployed by more than half of functions already: general ledger technology, a financial close solution, or workflow automation, Gartner said. Middle-office use cases, such as blockchain enabling an audit-ready continuous close.

Finance 52

Finance General Ledger Reconciliations Auditing 52

PYMNTS

AUGUST 5, 2016

There is seemingly no end to the discussion of how automated accounting can improve a business’ performance. The market is on the cusp of a groundswell of adoption of these technologies, says Therese Tucker, CEO of accounting solutions firm BlackLine , after a long lull among mid-market firms.

Accounting 42

Accounting Reconciliations General Ledger Auditing 42

CFO Simplified

APRIL 15, 2022

Financial Reporting and Accounting. The general ledger layout is generic in nature. The chart of accounts doesn’t reflect the unique nature of the products that the company sells, nor the specific cost elements of manufacturing. Some account allocations are miscoded, leaving zero balance accounts negative.

Manufacturing 52

Manufacturing General Ledger Budgeting CFO 52

CFO Talks

JANUARY 31, 2023

CFO Club Africa is a division of the Chartered Institute of Business Accountants, the professional body for business accountants, financial managers and chief financial officers. and join our community of accounting and finance executives. She is a Chartered Accountant and a CFO Club member. Go to www.cfoclub.co.za

CFO 52

CFO Auditing Finance General Ledger 52

The Charity CFO

APRIL 25, 2024

For nonprofit organizations, accounting comes with a lot of complexity. Instead of slow, paper-driven, backward-looking accounting, these organizations are moving quickly through digital integrations allowing them to focus on their core responsibilities. What is the actual goal in a nonprofit accounting setup?

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

Bramasol

AUGUST 31, 2023

Over the past eight years, many episodes in this blog series have focused on revenue recognition and how SAP solutions such as Revenue Accounting and Reporting (RAR) have provided a robust foundation for compliance with ASC 606 and IFRS 15. This provides the basis for real-time matching of revenue and cost.

SAP 91

SAP Accounting Reconciliations General Ledger 91

Planful

NOVEMBER 10, 2016

For example, the integration of financial data from general ledgers (GLs) and operational data from human capital management (HCM) and other sources is required to support the financial consolidation and reporting process. Chart of accounts. Transaction detail. Statistical/non-financial data. Employees, jobs, and positions.

General Ledger 40

General Ledger Budgeting Forecasting Financial Data 40

The CFO College

JUNE 3, 2021

Increase Your Value and Boost Your Services with Two CFO-Level Accounting Tools. Yes, automations can crunch numbers, but there is so much more to providing accounting services than calculations. Skill #2 - The Permanent Audit Trail. The Permanent Audit Trail is a detailed recording and reporting of transactions and events.

Accounting 52

Accounting CFO Auditing General Ledger 52

Embark With Us

JANUARY 19, 2022

So give us a few minutes as we explain how Alteryx is the next evolutionary step from Microsoft Excel and, most importantly, how it can reinvent your accounting function into a streamlined, nimble, and value-adding powerhouse for your entire enterprise. Documentation and Data Audit. What Is Alteryx? Data cleansing. Data requirements.

Accounting 98

Accounting Finance Data Analysis General Ledger 98

CFO Talks

FEBRUARY 20, 2024

Farhaan discusses the critical aspects of his role, emphasising the shift from traditional accounting to strategic and operational involvement across business sectors. Farhan holds a BCom and a number of postgraduate diplomas in accounting from the University of Johannesburg. Farhaan: We speak of CFOs as traditional accountants.

CFO 52

CFO Leadership Accounting Finance 52

Planful

JUNE 22, 2017

Financial Consolidation in the Accounting World. But in the accounting world, “financial consolidation” is a well-defined process that includes several complexities and accounting principles. Here are the key accounting consolidation steps in the finance consolidation process : Collecting trial balance data (e.g.,

Accounting 40

Accounting General Ledger IFRS GAAP 40

Centage

JULY 25, 2023

Businesses across numerous industries use Microsoft Excel spreadsheets to accomplish a wide range of tasks, including bookkeeping, accounting, and project management. For many business owners, automated software outperforms conventional Excel spreadsheets for several accounting tasks, especially for emerging and growing businesses.

Budgeting 98

Budgeting Financial Planning and Analysis (FP&A) General Ledger Forecasting 98

Spreadym

JULY 10, 2023

The financial close process, also known as the accounting close process or month-end close, is a series of steps undertaken by an organization to finalize its financial records for a specific accounting period. Deferrals, on the other hand, involve postponing the recognition of revenues or expenses to future accounting periods.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 52

PYMNTS

JANUARY 26, 2018

Corporate accounting software is now a continually evolving space, but progress doesn’t occur in a vacuum: External forces and trends, from changing regulations to increased adoption of FinTech by the enterprise, force businesses to adjust how they record and report financial data. Open Banking initiatives in the EU, U.K.,

General Ledger 47

General Ledger Benchmarking Reconciliations Accounts Payable 47

Centage

OCTOBER 3, 2022

These can become apparent as your business grows and your accounting needs get more involved. Risk of Errors Accounting errors are one of the most significant challenges businesses face when relying on Excel spreadsheets for financial forecasting and budgeting. Excel users may have noticed some shortcomings of this software.

Forecasting 98

Forecasting Budgeting Data Analysis Financial Modeling 98

Planful

SEPTEMBER 10, 2015

ERP includes a general ledger which summarizes all of the details from other modules like purchasing, accounts payable, and accounts receivable. A good EPM solution will also make the financial auditing process much simpler and faster. The Differences Between EPM and ERP.

Planning 40

Planning General Ledger Accounts Payable Budgeting 40

Centage

OCTOBER 3, 2022

These can become apparent as your business grows and your accounting needs get more involved. Accounting errors are one of the most significant challenges businesses face when relying on Excel spreadsheets for financial forecasting and budgeting. Fraud can be challenging to prevent if there is a lack of an audit trail with Excel.

Forecasting 52

Forecasting Budgeting Data Analysis Financial Modeling 52

Planful

OCTOBER 20, 2015

When you begin the process of closing, you start by exporting trial balance data out of the general ledgers or ERP software and collect the data into spreadsheets that have to be reviewed and processed manually. Excel is Inherently Insecure and Difficult to Audit.

General Ledger 40

General Ledger Accounting Standards Auditing Currencies 40

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. Centage Budget Maestro: You can use Centage Planning Maestro in conjunction with Centage Budget Maestro for your general accounting software needs.

Financial Planning and Analysis (FP&A) 52

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