The Charity CFO

APRIL 1, 2024

Implementing technology into your nonprofit accounting process can help solve a variety of issues—from tracking receipts to properly recording donations. In most cases, technology helps improve the efficiency and accuracy of nonprofit accounting. A good technology solution addresses each of your nonprofit accounting concerns.

Nonprofit 52

Nonprofit Accounting CFO Accounts Payable 52

PYMNTS

OCTOBER 6, 2020

The pandemic has upended supply chains, and upended accounts payable (AP) processes – requiring companies of all sizes and types to move toward digital (and high-tech-powered) means to transform back-office functions. The updates, the company said, will speed invoice processing by 10 times and cut processing costs by 80 percent.

Invoicing 93

Invoicing Accounts Payable Auditing Accounting 93

PYMNTS

MAY 20, 2020

To that end, Ajay Agrawal , CEO and founder of SirionLabs , told PYMNTS, “invoice leakage” occurs when firms do not have the ability to review invoices from their suppliers on a “granular level,” which leads to missed opportunities to spot discrepancies.

Invoicing 78

Invoicing Auditing Technology Economics 78

PYMNTS

JANUARY 26, 2021

Usually, the auditing workflow involves looking at expense reports filed by employees, with a focus on identifying potentially erroneous or even fraudulent transactions. It’s now more likely that two employees working from home will accidentally pay the same invoice twice, for example. The Value Of Automated Analytics.

Auditing 75

Auditing Invoicing Compliance Accounts Payable 75

PYMNTS

AUGUST 19, 2019

Firms auditing expenses through manual processes and outdated technologies risk missing the chance to flag erroneous or fraudulent submissions from vendors and employees. Deploying technology — especially artificial intelligence (AI) — can streamline the auditing process and boost cost savings significantly.

Auditing 56

Auditing Accounts Payable Invoicing Healthcare 56

Future CFO

APRIL 15, 2024

launched its generative artificial intelligence -powered Journals Risk Analyser, empowering finance and accounting leaders with anomaly detection. The new technological advancement paves way for powerful insights and trends to help out finance professionals to streamline audits and boost risk management and compliance. BlackLine, Inc.

Finance 52

Finance Auditing Compliance Risk Management 52

PYMNTS

APRIL 26, 2020

Accounts receivable (AR) platform SurePayd is responding to the coronavirus pandemic by reducing the costs for its remote migration audit services for the next two months for companies that need to go on the cloud during the crisis, according to a press release. The automation of AR and invoicing has particularly been of interest.

Auditing 56

Auditing Invoicing Accounting Technology 56

CFO Share

MAY 31, 2023

Accounts payable is an annoyance at best, a disaster at worst. More and more businesses use accounts payable outsourcing as a solution to this problem. What to look for in an accounts payable company. Fraud risk is addressed through two best practices: Implement proper controls, segregation of duties, and process audits.

Accounts Payable 40

Accounts Payable Accounting Auditing Education 40

CFO Share

JULY 19, 2023

The biggest challenges facing accounts payable are chaos, maintenance cost, and fraud. Bring order to Accounts Payable. An AP digital transformation centralizes all bill receipts into one inbox, eliminates paper and associated data “blackholes,” and maintains clear audit records of all activity.

Accounts Payable 52

Accounts Payable Accounting Auditing Education 52

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.

Accounting 52

Accounting Accounting Principles GAAP Compliance 52

The Charity CFO

NOVEMBER 10, 2022

What should you look for when evaluating nonprofit accounting services? Yes, they might have a board member or volunteer who takes care of the finances, but they often lack specific expertise in nonprofit accounting. Benefits of Nonprofit Accounting Services. data entry, invoicing, and report generation).

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

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.

Accounting 52

Accounting Finance Cash Flow Forecasting CFO 52

PYMNTS

MARCH 28, 2019

Automated expense report auditing company AppZen is introducing a new spend auditing platform to analyze supplier invoices using artificial intelligence (AI).

Invoicing 46

Invoicing Auditing Accounts Payable Compliance 46

KG Virtual CFO

NOVEMBER 8, 2021

Bookkeepers and accountants are often mixed up because they work in the same fields and because their duties overlap. Their Differences Bookkeepers and accountants actually have very distinctive tasks to complete. The second thing we’d like to say is that this question is incredibly common. So let’s clear up some of that confusion!

Accounting 52

Accounting Auditing Invoicing CFO 52

CFO Share

JULY 20, 2021

What does a Forensic Accountant Do? Forensic accounting services investigate the disappearance of cash in a business, document definitive proof, and assist in the recovery of cash including negotiation, prosecution, and expert witness testimony. When should business owners engage forensic accounting services? Fake vendor fraud.

Accounting 52

Accounting Profit and Loss Auditing Invoicing 52

PYMNTS

FEBRUARY 6, 2020

That “next step” for CounselLink is the launch of FastTrack , a supply chain financing capability developed with LSQ that enables corporate legal departments to initiate and manage their reverse factoring and discounting agreements with outside counsel and to pay invoices. ” From Cost Center to Strategist. .

Invoicing 52

Invoicing Accounts Payable Finance Auditing 52

KG Virtual CFO

MARCH 14, 2022

Definition A CPA is a certified public accountant who has passed a rigorous exam and met the requirements of their state board of accountancy. They provide accounting, auditing, and consulting services to individuals, businesses, and government organizations. A CPA's Tasks Let’s get specific! That's where a CPA comes in.

Accounting 40

Accounting Auditing Invoicing Finance 40

PYMNTS

SEPTEMBER 10, 2019

In a statement, Coatue Management Senior Managing Director Thomas Laffont said that artificial intelligence (AI) enables AppZen to deploy more sophisticated analytics and automation within its expense management solution, which allows businesses to assess expenses, automate expense report audits, and identify savings opportunities. “AI

Auditing 43

Auditing Accounts Payable Invoicing Compliance 43

VCFO

JANUARY 18, 2024

They are paid an average of $1M upfront for each location, book that invoice as deferred revenue, and then recognize the revenue based on the completion of milestones that are spelled out in the contract using the percentage of completion method. As the points suggest, deferred revenue isn’t just an accounting issue.

Auditing 81

Auditing Leadership Construction Invoicing 81

The CFO College

AUGUST 31, 2021

As an accountant or bookkeeper, you can help prevent startups from going under or losing profitability. You may hear some accounting professionals talk about horror stories related to startups. If the startup is already operating, have your clients invoice customers as soon as possible.

Startups 81

Startups Accounting General Ledger Forecasting 81

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. . Invoicing .

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

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. Example: When it’s time for an audit, the Controller is hands-on, working directly with the auditors, showing them the books, and explaining the details.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

PYMNTS

MAY 16, 2018

In one example, in Kenya, media outlets reported audits have shown that Isiolo County exaggerated its payroll reporting and lost “hundreds of millions of shillings” between the period of 2013 to 2017. In Ireland, three men were arrested by the Garda for their alleged roles in “invoice redirect frauds” that brought the trio 500,000 euros.

Invoicing 40

Invoicing Compliance Benchmarking Auditing 40

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

PYMNTS

FEBRUARY 19, 2018

You could call accounts payable (AP) the last mile of payments in a way. Roles within organizations are also changing, he said, as chief financial officers and accountants and financial professionals do not necessarily want to spend an inordinate amount of time on managing supplier relationships.

Auditing 51

Auditing Accounts Payable Currencies Accounting 51

PYMNTS

JANUARY 13, 2020

PYMNTS’ examination of recent cases finds employees falsifying invoices, doctoring checks and faking out companies to steal money from employers. The risk can also lead to fraudsters spoofing the email addresses of C-Suite executives to initiate payments to a fraudster’s account.

B2B 89

B2B Invoicing Currencies Construction 89

PYMNTS

OCTOBER 28, 2020

Today in B2B payments, accounts payable automation firm CPS finds a buyer. OpenEnvoy Launches To Provide B2B Invoice Auditing. To help businesses only pay for what they have agreed to buy, OpenEnvoy has been established to offer invoice auditing without intervention. 27) announcement. 27) announcement.

B2B 56

B2B Foreign Exchange Accounts Payable Invoicing 56

Adam Kae

MAY 30, 2023

Just as marketing automation has transformed the way we engage with our target audience, financial automation empowers us to simplify and streamline various financial tasks, including invoicing, expense tracking, and reporting. This ensures prompt payments, minimizes human error, and enhances cash flow management.

Marketing 52

Marketing Invoicing CFO Reconciliations 52

The Charity CFO

MARCH 24, 2022

And in early 2021, the department labeled Feeding Our Future “seriously defective” due to incomplete financial audits and lapsed IRS nonprofit registration. Proper accountability, oversight, and separation of duties in nonprofits would prevent grift on this scale from taking place. 3 Common Types of Fraud in Non-profits .

Nonprofit 98

Nonprofit Profit and Loss Auditing Leadership 98

https://trustedcfosolutions.com/feed/

APRIL 5, 2023

The cloud accounting solution, Sage Intacct , is an excellent resource to keep your financials on track by creating an efficient month-end close without the headache or hassle of sorting through documents and tracking mistakes. Customize Your Chart of Accounts With Dimensions. Implement Automated Workflows.

General Ledger 62

General Ledger Reconciliations Accounting Standards Auditing 62

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

https://trustedcfosolutions.com/feed/

MARCH 1, 2023

Businesses must account for the depreciation of their fixed assets to take advantage of significant tax benefits and accurately report their financial performance to make informed business decisions. Challenges With Fixed Asset Management Managing fixed assets can be difficult for even the most experienced accounting teams.

Accounts Payable 62

Accounts Payable Auditing CFO Invoicing 62

PYMNTS

JUNE 16, 2020

In the June 2020 edition of The Gig Economy Tracker® done in collaboration with Tipalti , we find these traits, among others, defining innovation in accounts payable (AP) software. Many still use manual invoicing systems that can slow payment processes. companies are “… lacking invoice workflow automation in their approval processes.

Reconciliations 67

Reconciliations Invoicing Accounts Payable Auditing 67

The Charity CFO

JANUARY 25, 2022

And it’s a requirement for a nonprofit audit. There are three sections on the Statement of Financial Position, and together they illustrate the nonprofit accounting equation : Assets = Liability + Net Assets. Examples include bank balances, accounts receivable, pledged donations, investments, and prepaid expenses.

Nonprofit 98

Nonprofit Auditing CFO Accounting 98

PYMNTS

JUNE 1, 2016

Accounts payable departments can often buy their corporation a few more days without paying suppliers thanks to the age-old excuse: “The check’s in the mail.” “If the accounts payable process sounds ancient and arcane, add in the headaches of answering anxious vendor calls (‘the check’s in the mail!’),

Accounts Payable 40

Accounts Payable Accounting Invoicing Auditing 40

PYMNTS

MARCH 10, 2020

As more technology emerges to sit between a company’s accounts payable (AP) platform and its vendor’s accounts receivable (AR) portal, service providers are looking to ease friction in a multitude of ways, from accelerating payments and cash flows to easing contract negotiations. Crowdz Pilots Invoice Crowdfunding.

Accounts Payable 57

Accounts Payable Invoicing B2B Vendor Management 57

PYMNTS

JANUARY 2, 2020

Several high-profile corporate collapses and initiatives from corporate accounting standard-setters have raised questions about businesses’ use of supply chain finance and whether the trade finance tool prevents investors and auditors from gaining a transparent view into company finances. Reverse Factoring, Auditing Scrutinized.

Auditing 52

Auditing Corporate Finance Finance Invoicing 52