Beacon CFO Plus

NOVEMBER 30, 2023

How to Divide Responsibilities and Prioritize Communication The relationship between a fractional or outsourced Chief Financial Officer (CFO) and your company’s public accounting firm should be collaborative, clear, and well-defined. This ensures your company’s financial and accounting needs are met effectively.

Accounting Firms 52

Accounting Firms CFO Accounting Prioritization 52

Bramasol

JULY 22, 2023

Previous posts in this blog series o n Environmental, Social and Governance (ESG) and carbon accounting have spotlighted carbon accounting as a trend to watch , looked at ESG impacts on M&A , and tracked the emergence of new ESG standards.

IFRS 89

IFRS Accounting SAP Compliance 89

CFO Leadership

OCTOBER 10, 2023

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. However, they still have a place in corporate finance and accounting.

Finance 95

Finance Accounting Auditing IFRS 95

The Charity CFO

DECEMBER 8, 2022

But in order to get the most out of these grants, you need to understand how to properly manage and account for them. The IRS has strict regulations on how to handle grants and charitable contributions, so it is essential that you understand the best practices when accounting for them. 8 Best Practices When Accounting For Grants.

Accounting 52

Accounting Nonprofit Auditing Compliance 52

VCFO

JULY 22, 2022

ASC 842 is a new accounting standard set forth by the Financial Accounting Standards Board (FASB). These impacts will include major changes to accounting practices and financial reporting, as well as increased scrutiny of contracts, service agreements, and all leases starting now and moving forward.

Accounting 78

Accounting Accounting Standards Economics Advertising 78

Bramasol

SEPTEMBER 29, 2023

Driven by sweeping changes such as digital transformation, globalization of markets, the subscription-based Digital Solutions Economy™ (DSE), carbon-accounting mandates, a rising emphasis on artificial intelligence, and other disruptive trends, the role of Chief Financial Officer (CFO) is undergoing radical transformation too.

IFRS 97

IFRS Technology SAP Compliance 97

CFO Leadership

OCTOBER 18, 2023

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. However, they still have a place in corporate finance and accounting.

Finance 52

Finance Accounting Auditing IFRS 52

The Charity CFO

APRIL 18, 2024

These challenges include financial issues, data security compliance, and talent retention problems. Financial Sustainability For nonprofits, financial sustainability means the financial security to cover expenses and advance your mission. Need Help Facing Nonprofit Accounting Challenges?

Nonprofit 52

Nonprofit Compliance CFO Leverage 52

CFO News Room

DECEMBER 16, 2022

Job security is always a concern when choosing a career, but some fields are more recession-proof than others. After all, people will always need financial services, whether investing their money , taking out loans, or managing their taxes. Chief Compliance Officer. Financial Examiner. Average salary: $114,832 per year.

Finance 130

Finance Budgeting Compliance Financial Analyst 130

E78 Partners

MARCH 23, 2023

Often, you find yourself wearing multiple hats – managing cash flow, budgets, compliance, and more. When your team is stretched thin, outsourcing your finance and accounting services can be an effective solution, allowing you to focus on core competencies and achieve long-term growth for your company.

Accounting 52

Accounting Finance Budgeting Securities 52

The Charity CFO

MARCH 31, 2023

They are actually useful tools to ensure that an organization is in compliance and can also be used to identify potential problems before they become too big. The IRS does not require nonprofit audits in most cases, however, they may periodically request an audit (examination) or a compliance check.

Nonprofit 98

Nonprofit Auditing Compliance CFO 98

PYMNTS

JULY 2, 2018

Financial Reporting Council’s Financial Reporting Lab has released a new report on the potential applications of blockchain in the corporate accounting space. According to reports, the group is taking a cautious approach to the technology.

Financial Reporting 40

Financial Reporting Corporate Finance B2B Finance 40

PYMNTS

JANUARY 30, 2020

New lease accounting standards are in effect for publicly traded companies in the U.S. after the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) introduced changes to the way businesses account for their outstanding leases. ” Lease Misunderstandings.

Accounting 40

Accounting Accounting Standards Compliance Securities 40

The Charity CFO

MARCH 27, 2024

QuickBooks is a popular accounting software used by businesses and individuals nationwide. And you might be wondering if you can use QuickBooks for your nonprofit accounting. For-profit businesses often don’t have to follow the strict accounting rules of an exempt organization. Nonprofits also need to record expense receipts.

Nonprofit 40

Nonprofit Accounts Payable Compliance Invoicing 40

Future CFO

AUGUST 1, 2023

The rise in digital transformation (DX) initiatives and the adoption of mobile technologies have also contributed to the demand for cloud-based financial applications in Asia/Pacific. Companies are increasingly seeking secure and compliant solutions to manage their financial data.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

CFO Simplified

MARCH 7, 2024

Most businesses will be required to file an initial BOI Report. Willful failure to comply with these new reporting requirements can result in fines up to $10,000 and up to two years in prison. There are several exemptions to these new reporting requirements, including an exemption for operating businesses (i.e.,

Tax Planning 59

Tax Planning Compliance Restructuring Treasury 59

VCFO

JUNE 29, 2023

Underscoring this was her ahead-of-the-curve understanding that mission-centered organizations must have strong finance and compliance-related practices and expertise in place to be able to provide services in line with their mission. A CFO will evaluate financial performance, and bring attention to potential issues.

Nonprofit 69

Nonprofit Finance CFO Compliance 69

CFO Simplified

MARCH 7, 2024

Most businesses will be required to file an initial BOI Report. Willful failure to comply with these new reporting requirements can result in fines up to $10,000 and up to two years in prison. There are several exemptions to these new reporting requirements, including an exemption for operating businesses (i.e.,

Tax Planning 52

Tax Planning Compliance Restructuring Treasury 52

PYMNTS

JANUARY 9, 2019

One way this shift has materialized is in how small businesses seek and hire financial professionals to join their companies. In a 2017 report from job hunting site Indeed , researchers found that “small business accountant” was nowhere to be found in the top-10 job positions sought after by most small business employers.

Accounting 71

Accounting Corporate Finance Accounting Firms Auditing 71

The Charity CFO

JULY 17, 2023

Understand How to Gauge if Your Accountant is Doing a Good Job Unfortunately, too many nonprofits allow their accountants to take care of business with little oversight. Keep in touch with your accountant and ensure you’re asking questions about what they’re doing and why. However, a few matter more than most.

Nonprofit 52

Nonprofit Benchmarking Auditing Compliance 52

CFO Leadership

OCTOBER 10, 2023

Future-forward finance and accounting organizations were quick to embrace robotic process automation (RPA) years ago to manage mundane, repetitive back-office tasks like data entry and routine financial reporting. What data governance, privacy and security procedures do we have in place or need?

Financial Planning and Analysis (FP&A) 115

Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

VCFO

FEBRUARY 15, 2023

Other strengths include P&L management, accounting remediation, systems integration, performance management, mergers and acquisitions, and carve-outs. In 2012, she took on the role of controller/accounting manager for Garlock Pipe Technology, where she managed the accounting department and successfully implemented Oracle 13i.

Auditing 52

Auditing CFO Risk Management Budgeting 52

CFO Share

MARCH 15, 2024

Invoicing and Collections: Every invoice sent and every payment followed up on means securing what your business rightfully earns. Payroll: Beyond paying your team, payroll bookkeeping is about regulatory compliance, making sure every dollar aligns with legal requirements. What Methods Improve Cash Flow?

Invoicing 52

Invoicing Cash Management Compliance Finance 52

Spreadym

APRIL 27, 2023

Financial reporting: These tools generate financial reports, including income statements, balance sheets, and cash flow statements. It can be important that FA&P software can generate financial reports by several standards. APIs allow data to be shared between systems and automate tasks.

Financial Analysis 52

Financial Analysis Tax Planning Budgeting Forecasting 52

The Charity CFO

FEBRUARY 8, 2024

Reasons Your Nonprofit May Need an Audit Regulatory Compliance One of the most common reasons for a nonprofit audit is to comply with state or federal regulations. Your accountant will follow the necessary steps to obtain a reasonable basis for showing limited assurance. Do You Struggle to Make Sense of Your Financial Statements?

Auditing 52

Auditing Nonprofit Compliance CFO 52

https://trustedcfosolutions.com/feed/

FEBRUARY 9, 2023

Streamlining the audit process with Sage Intacct will make the process much smoother and save time for your finance team by: Automating data collection specific to the audit, offering better financial insights. Maintaining compliance with industry and government regulations. Looking to learn more?

Auditing 57

Auditing CFO Compliance Accounting 57

CFO News Room

NOVEMBER 2, 2022

In the United States, Registered Investment Advisers (RIAs) are required to register in one of 2 ways: with the Federal government (namely the SEC) or with one (or more) state securities regulatory agencies. Compliance policies and procedures manual. Financial-records-disclosure authorization form. Author: Chris Stanley.

Compliance 130

Compliance GAAP Investments Advertising 130

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. It’s about making plans for the company’s financial future and finding ways to make the business better. The CFO, however, looks at the bigger picture.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

PYMNTS

JANUARY 22, 2021

Consumer demand for real-time payments direct to bank accounts and mobile wallets continues to surge.”. Now more than ever, consumers have a vital need to access fast, simple and secure ways to move money across borders to support their friends and family overseas," said Nicky Alexander , head of Visa Direct, Europe. "We

Compliance 107

Compliance Startups Financial Reporting Banking 107

The Charity CFO

MAY 11, 2023

When utilizing outsourced accounting services, you only pay for the services you need and you may have access to more premium software than you could purchase on your in-house budget. Outsourced bookkeeping can provide peace of mind knowing experts are on top of the accounting so your staff can focus on what matters most.

Nonprofit 52

Nonprofit Communication Auditing GAAP 52

The Charity CFO

OCTOBER 4, 2022

They also develop and implement operational procedures and systems and manage budgets and financial reports. Implement Budgets and Oversee Financial Strategy. That doesn’t mean that the operations manager needs to be an accountant. Ensure Compliance and Organization. Supervise Human Resources .

Nonprofit 98

Nonprofit Budgeting Compliance CFO 98

The Charity CFO

MAY 30, 2023

Ensuring that your nonprofit payroll services are up to the task of withholding payroll taxes, complying with grant regulations, and ensuring compliance and transparency can be a huge lift. Missing Payroll Deadlines This can have significant consequences, such as delayed payments to employees or non-compliance with tax regulations.

Nonprofit 52

Nonprofit Compliance Benchmarking CFO 52

PYMNTS

SEPTEMBER 17, 2020

Whether that's a lack of security if a piece of paper falls into the wrong hands, or simply the pain of having to manually store a document or capture its data, paper is far from the most efficient way to do business. That's particularly true for finance teams like accounts payable , accounting or payroll.

Accounts Payable 63

Accounts Payable Compliance Invoicing Finance 63

The Finance Weekly

JULY 28, 2022

Verra, a Nasdaq listed mobility software firm (Nasdaq: VRRM), cited in a , securities filing from April that the report was audited in house by Vena, which breaks the SOC compliance rules: “You'll see in our 10-K, which we expect to file tomorrow, that we had a material weakness associated with a third-party application called Vena.

Auditing 52

Auditing Compliance Budgeting Securities 52

The Charity CFO

JANUARY 12, 2024

While it isn’t impossible to secure funding through one or more of these routes, it’s certainly difficult. Nonprofits Require Extensive Legal and Accounting Compliance Nonprofits are subject to several layers of federal and state laws and financial reporting standards. Get the free guide!

Nonprofit 52

Nonprofit CFO Healthcare Education 52

The Finance Weekly

OCTOBER 15, 2023

But, there are important things to think about, like data security, ethics, rules, and biases. Boosting Productivity , AI tools automate repetitive financial tasks, making financial reporting and analysis faster and more efficient. Generative AI can help in saving costs, making better decisions, and developing skills.

Financial Data 52

Financial Data Securities Finance Compliance 52

The Finance Weekly

OCTOBER 31, 2021

Many of the same financial issues that profit-seeking enterprises face, such as increasing revenue, managing audits, and dealing with compliance, encounter non-profit organizations (NPOs). At the very least, you must have transparent financial reporting. 4 Steps NPOs can do to improve their financial planning.

Planning 52

Planning Auditing Nonprofit Accounts Payable 52