article thumbnail

Financial Accounting Hierarchy - By JP Puchulu

Boston Startup CFO

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.

article thumbnail

#243 – Becoming a Treasurer Series, Part 24: Languages of Finance: FP&A

Strategic Treasurer

The chapter of discussion “Cash Bootcamp for Treasurers” provides a practical approach to understanding different perspectives of cash, how accounting and treasury can live in harmony and more. What are some of the different ways we look at it in finance, accounting as a view of it? What is it?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The 3 Jobs Your Startup Should Outsource

Boston Startup CFO

CFO: If your company has closed a seed round of funding or is earning more than $250K per year, you need a CFO to handle your financial strategy and run your accounting team. Outsourcing your bookkeeping to the right firm will give you the support you need for cash management, AP/AR, financial close and taxes.

article thumbnail

Best Practices from the CFO Suite

BlueLight

My motivation was to understand the responsibility of the CFO suite, the process of billing to accounting, and the software tools available to run an effective finance office. I interviewed 50 people that held CFO, finance manager, and financial analyst type roles. One is accounting: you need this done properly to inform the next two.

CFO 52
article thumbnail

ERP and EPM Systems – Better Together

Planful

Accounts payable. Accounts receivable and collections management. Fixed asset management. Treasury and cash management. General ledger accounting. Most ERP systems are built and deployed using a relational database management system (RDBMS), which is optimized for high-volume transaction processing.

article thumbnail

10 Best FP&A Software Tools: A Comprehensive Buyer’s Guide [2023]

Onplan

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 comes with several out-of-the-box features, including cash management, KPI tracking, and asset lifecycle management, making it easier for smooth adoption.