CFO Thought Leader

SEPTEMBER 17, 2023

Read More “That experience has since helped me by allowing me in many cases to rationalize things by saying, ‘Well, this is not as bad as what I dealt with there,’” comments Kevers, who these days, as CFO of Carta, appears to be focused as much on internal communications as he is on external PR.

CFO 52

CFO General Ledger Finance Communication 52

Future CFO

MAY 31, 2023

Technology has made financial reporting easy for everyone involved in the process, from the finance and accounts team preparing reports to the regulators, investors, and others who use those reports. We also do support asset accounting and tax reporting," he added. That said, technology is only one aspect of the reporting process.

Finance 98

Finance General Ledger Prioritization Auditing 98

CFO Simplified

NOVEMBER 21, 2022

So why not set up a petty cash account with a small amount of money that can be used for things like running to the hardware store or office supply store? The important thing is to keep track of all the expenses associated with the account. – and that all expenses are accounted for. Cash going into the petty cash account.

General Ledger 98

General Ledger Reconciliations CFO Accounting 98

The Charity CFO

APRIL 29, 2022

A financial statement audit is a thorough review of your financial statements to determine if your financial statements present fairly, in all material respects, in accordance with generally accepted accounting principles. Do your bank account and/or loan balances look accurate?

Nonprofit 105

Nonprofit Auditing General Ledger Reconciliations 105

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

CFO Talks

JUNE 23, 2022

With automation and AI affecting every aspect of business, the role of a CFO’s team is changing. Here are three suggestions for how to future-proof your CFO team. . Automation software is increasingly doing basic accounting, so financial teams need to do more. Here’s how you can build one. Look for tech-literate people.

Finance 52

Finance General Ledger CFO Accounting 52

The SaaS CFO

APRIL 5, 2018

Sample Chart of Accounts for SaaS I’ve received quite a few requests about a sample chart of accounts for SaaS, so let’s address a super critical component of your accounting. Not a “fun” topic per se, but you need to understand the concept behind your chart of accounts and implement the correct structure if you […].

Accounting 81

Accounting CFO General Ledger 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. . And that’s a problem.

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

Michigan CFO

JUNE 14, 2022

In the United States, a comptroller is a senior-level executive in charge of an organization’s accounting operations in the public sector. They all play vital roles in the financial industry, overseeing revenue estimation, accounting, tax collection, treasury, etc. Comptrollers report to the Chief Financial Officer (CFO).

General Ledger 40

General Ledger CFO Budgeting Accounts Payable 40

https://trustedcfosolutions.com/feed/

MARCH 26, 2023

Reconcile accounts: Once you’ve reviewed all transactions, you’ll need to reconcile and account for all transactions. This involves matching the balances in your general ledger to the balances in your bank statements and other financial records. Make sure everything is accurate and there are no discrepancies.

General Ledger 62

General Ledger Accounting Invoicing Financial Data 62

Future CFO

AUGUST 1, 2023

According to IDC's 2023 Future SMB and Midmarket Survey , 50% of surveyed respondents (driven by SMBs) in Asia/Pacific state that they will automate their financial and accounting processes through cloud applications in the next 18 months. "As

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 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

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. 86% said they wanted a faster, real time close. 68% mentioned they want a cheaper close.

Finance 52

Finance General Ledger Reconciliations Auditing 52

CFO Share

JULY 14, 2022

Here’s what you should consider when approaching a catch-up bookkeeping or an accounting clean up project. As a rule of thumb, bookkeepers are not qualified to do accounting clean up – you need a trained accountant. Managerial accountants, like CFOshare, optimize financial statements for management decision-making.

General Ledger (GL) 52

General Ledger (GL) General Ledger Profit and Loss Invoicing 52

CFO Talks

JANUARY 31, 2023

1X ‘Humanitarian at heart’ Welcome to the CFO Club Africa podcast, where we interview leading CFOs from Africa and beyond. 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.

CFO 52

CFO Auditing Finance General Ledger 52

CFO Simplified

APRIL 15, 2022

Bringing Value Through CFO Insights. 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. Recommendation.

Manufacturing 52

Manufacturing General Ledger Budgeting CFO 52

https://trustedcfosolutions.com/feed/

JUNE 15, 2021

As the CFO, there’s always some shiny new toy being pitched by the, wait for it – CRO, CTO, CMO & PM. If you’re like other CFOs, you probably want a good dashboard to monitor KPIs & a tool that lets you visualize data across the firm. Intelligent General Ledger. Does the world need another acronym?

General Ledger 57

General Ledger CFO Financial Data Budgeting 57

PYMNTS

FEBRUARY 13, 2019

In the accounting space, that means integrations with enterprise resource planning (ERP), accounts receivable, accounts payable, procurement, banking and other portals. This is one reason why companies may choose to work with a firm like Codence to custom build accounting software into their firms.

Finance 75

Finance General Ledger Math Accounts Payable 75

CFO Simplified

APRIL 15, 2022

Bringing Value Through CFO Insights. Reconcile the general ledger balances from the start of the year. This may be after the fact, but the shipping paperwork and accounts payable detail should match. The post Dealing with Obsolete Inventory appeared first on CFO Simplified. Recommendations. Aging Computer System.

Profit and Loss 52

Profit and Loss Manufacturing General Ledger Accounts Payable 52

BlueLight

JULY 16, 2020

These businesses ranged from seed stage companies where the CEO was the finance leader to growth stage companies with an in-house CFO. In these conversations, I observed each finance leader had a different perspective and approach with their financial accounting partner. What are the services that startups most utilize you for?

Startups 52

Startups CFO Reconciliations General Ledger 52

CFO Talks

FEBRUARY 20, 2024

Farhaan Moolla: Innovative Leadership: The Journey of a modern and dynamic CFO Written by: Staff writer In this podcast Farhaan Moolla, a seasoned CFO with a notable career in financial leadership and strategic planning, shared his journey, beginning with his entrepreneurial family background. Farhaan : Mornin g, Nicola a s !

CFO 52

CFO Leadership Accounting Finance 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

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. What Is a CFO-Level Service? Earning that level of trust and delivering that degree of value is not out of reach.

Accounting 52

Accounting CFO Auditing General Ledger 52

https://trustedcfosolutions.com/feed/

APRIL 14, 2022

CEOs and CFOs lack visibility into each location as well as across the entire business as a result. . The challenge for these organizations is that managers only see the accounting data for the entities they manage, and feeding data into a single system can be complicated and challenging. We have your next CFO. .

Accounting 117

Accounting General Ledger Accounts Payable Budgeting 117

Embark With Us

JANUARY 19, 2022

But take a step further than a tool's sweet spot and a CFO is asking for trouble. 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.

Accounting 98

Accounting Finance Data Analysis General Ledger 98

CFO Simplified

NOVEMBER 28, 2022

The President of CFO Simplified, Larry Chester , shares the importance of inventory value reports with us. . If you’re a manufacturer or a wholesale distributor, you should be comparing the value in that inventory value report to one line on your general ledger, and that’s the value of inventory. . Final Thoughts.

General Ledger 98

General Ledger CFO Accounts Payable Reconciliations 98

Future CFO

SEPTEMBER 21, 2020

Accounting is the language of business. He acknowledged having taken “a lot of” accounting courses over the years and understanding the language has rewarded him well financially. As he puts it rightly, accountants must elevate their roles to that of strategic partners. Because it is expected of them.

Accounting 52

Accounting Technology Mergers and Acquisitions (M&A) Leadership 52

https://trustedcfosolutions.com/feed/

NOVEMBER 30, 2022

The right accounting software should give you a competitive edge, delivering a range of accounting capabilities unique to your SaaS business. Quantitative and qualitative data should be able to flow seamlessly into the accounting system through a robust ecosystem of vendors.

General Ledger 108

General Ledger Compliance Finance Forecasting 108

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

Bramasol

NOVEMBER 13, 2023

For example, at Bramasol we made a decision over a decade ago to focus on SAP finance solutions for the office of the CFO, with a specific emphasis on the new revenue recognition compliance requirements in ASC 606 and IFRS 15. For more on alternative approaches, read the next section.)

SAP 79

SAP General Ledger IFRS Compliance 79

CFO Simplified

NOVEMBER 6, 2023

Open a bank account If you are going to start a company, it’s vital you segregate your personal expenses and assets from your company’s expenses and assets. Even though you may have formed an LLC, if you use your personal bank account, credit cards, etc., Get an accounting system There are several basic accounting systems.

General Ledger 52

General Ledger Strategic Planning CFO Accounting 52

CFO Plans

AUGUST 5, 2020

By Fizal Meera, Associate Controller – CFO Plans. Note: This article is meant for non-accounting business professionals with minimal or no accounting knowledge). Accounting principles. You may have heard of prepaid income or perhaps unearned income. Well, It’s all identical. There are several important reasons.

General Ledger 52

General Ledger Accounting Principles Invoicing CFO 52

CFO Simplified

APRIL 22, 2022

Upgrading simple accounting software to an ERP (Enterprise Resource Planning) system that is going to manage every aspect of the company from operations to accounting and finance, and sometimes even sales and customer relations is no small task. The post The Upgrade Challenge appeared first on CFO Simplified.

General Ledger 52

General Ledger Accounts Payable Manufacturing Planning 52

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. It is generally driven by the finance department or CFO of the enterprise. It is used to help management optimize performance and get the most from its investments.

Planning 40

Planning General Ledger Accounts Payable Budgeting 40

CFO Share

SEPTEMBER 23, 2023

Overcomplicating the General Ledger and Chart of Accounts. The Perils of Overcomplicating Your General Ledger Mistake: Creating a general ledger (GL) account for nearly every type of expense. GL accounts are easy to create but difficult to get rid of. Contact us for a free consultation.

General Ledger (GL) 52

General Ledger (GL) General Ledger Accounts Payable Communication 52

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