The Charity CFO

MARCH 23, 2023

Nonprofit accounting financial statements may seem like a chore. Nonprofits use financial statements to comply with IRS regulations, build trust with donors, and plan for the future. You may think that nonprofit financial statements are the same as those at for-profit companies, but this is not the case.

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Nonprofit Accounting CFO Budgeting 52

CFO Share

NOVEMBER 21, 2023

In the world of business finance, the terms “Cost of Sales” (COS) and “Cost of Goods Sold” (COGS) are often confused. Though they may sound similar, understanding their distinct meanings is beneficial for any business owner or manager. What is Cost of Sales? Is cost of goods sold a debit or credit?

Sales 52

Sales Cost Management Auditing Budgeting 52

The Charity CFO

JUNE 7, 2023

Analyzing Financial Structure : By presenting the organization’s assets and liabilities, the statement assists in analyzing the financial structure, including the composition of assets (e.g., accounts payable, loans). Financial Reporting : Provides a comprehensive view of the organization’s expenses.

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Nonprofit Accounts Payable Budgeting Strategic Planning 52

The Finance Weekly

NOVEMBER 27, 2023

In managing a small business, it's important not to rely solely on your intuition. Key Performance Indicators (KPIs) play a crucial role, especially in , financial reporting. To assess your company's financial well-being, it's better to be objective rather than subjective. Why KPIs are Important to your Business?

Budgeting 52

Budgeting General Ledger Concentration Benchmarking 52

CFO Share

JUNE 21, 2021

There are many symptoms of fraud which can be easily confused with general business challenges like poor cost management. Keep in mind neither financial statement audits nor tax accounting are not designed to detect all forms of embezzlement. A bookkeeper or accountant who . Can you tell the difference?

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Auditing Risk Management Accounting Manufacturing 52