CFO Share

JULY 14, 2022

Is your balance sheet littered with negative numbers and old, incorrect figures? 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.

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

PYMNTS

AUGUST 12, 2020

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. Finance administrators and project managers both benefit from automation of the accounts payable process.

Construction 69

Construction General Ledger (GL) Accounts Payable General Ledger 69

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

VCFO

AUGUST 9, 2023

6 Operating Performance Metrics for Professional Services Firms Professional services firms come in all shapes, sizes, and types – law, accounting, architecture, engineering, field services, janitorial, specialized consulting, and the list goes on. To capture Direct Labor, most firms need some sort of time-tracking system.

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General Ledger Benchmarking Leverage Budgeting 83

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

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.

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Nonprofit Invoicing General Ledger GAAP 98

The Finance Weekly

NOVEMBER 27, 2023

Accounts Receivable Turnover Ratio Your accounts receivable turnover ratio indicates how efficiently you collect cash from credit sales. Calculation: Net credit sales ÷ average accounts receivable = Accounts Receivable Turnover Ratio 5. Calculation: (total revenue – total expenses) ÷ total revenue = net profit margin 4.

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Budgeting General Ledger Concentration Benchmarking 52

PYMNTS

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. Efforts to modernize procurement and accounts payable are also opportunities for data integration with the ERP.

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Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

PYMNTS

DECEMBER 9, 2020

This has accelerated the need for spend management solutions and payment tools that enable businesses to review and approve transactions in real time, Caleb Jenkins , leader of client accounting services for tax and accounting firm RLJ Financial , said in a PYMNTS interview. so having a system or tool that makes it very simple to.

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General Ledger Budgeting B2B Accounting 62

CFO Thought Leader

SEPTEMBER 17, 2023

Having worked mostly for public companies, I‘ve been trained to not talk about any number that isn’t public information, but here at Carta, we are very transparent,” remarks Kevers, who adds that he is routinely surprised by how Carta employees respond to numbers.

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CFO General Ledger Finance Communication 52

PYMNTS

MARCH 7, 2019

Payroll solutions provider Inova Payroll has debuted an application programming interface (API) integration with M3 , an accounting and human capital management (HCM) platform developed for the hospitality industry. The companies also noted that the API integration will support enhanced data security for joint customers.

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General Ledger B2B Securities Sales 53

PYMNTS

FEBRUARY 25, 2020

B2B payments’ innovation trajectory continues to accelerate as more end-point solutions emerge to improve the vast number of friction points in the industry. They need the remittance data, whether it’s incoming or outgoing, to be able to sync up with their general ledger system.”. This is what businesses are asking for.

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B2B Accounts Payable General Ledger Finance 69

PYMNTS

MARCH 10, 2020

But this category of software has, in recent years, evolved within silos as technology providers tackle particular spend scenarios like accounts payable (AP) and employee expenses. Historically, said Airbase CEO Thejo Kote, finance and accounting teams have been forced to work around the friction of a fragmented spend ecosystem.

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Accounts Payable General Ledger Budgeting Reconciliations 58

https://trustedcfosolutions.com/feed/

JUNE 15, 2021

Intelligent General Ledger. ” – Kristen Jones, Accounting Supervisor. With IVE, you’ll gain continuous trust in the numbers, so you don’t have to wait for the close to get that trust. Transformation of your business so you can free yourself from operational tasks and focus on value-add actions.

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General Ledger CFO Financial Data Budgeting 57

CFO Talks

JANUARY 31, 2023

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. and join our community of accounting and finance executives. She is a Chartered Accountant and a CFO Club member. Go to www.cfoclub.co.za

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CFO Auditing Finance General Ledger 52

The Finance Weekly

MARCH 1, 2022

“Leaders in FP&A are the ones who are focusing on the windshield view and anticipating trends and issues across their business,” says , Tom Hood , CPA, CITP, CGMA, EVP Business Engagement & Growth, AICPA (Association of International Certified Professional Accountants). We accountants are great at reading off the numbers.

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Financial Planning and Analysis (FP&A) Finance Forecasting Budgeting 52

Bramasol

AUGUST 31, 2023

Over the past eight years, many episodes in this blog series have focused on revenue recognition and how SAP solutions such as Revenue Accounting and Reporting (RAR) have provided a robust foundation for compliance with ASC 606 and IFRS 15. This provides the basis for real-time matching of revenue and cost.

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SAP Accounting Reconciliations General Ledger 91

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?

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Nonprofit Accounting CFO Auditing 52

Planful

NOVEMBER 12, 2019

Financial planning is built around general ledgers, accounts, journal entries, cost centers, debits and credits. A VP of marketing might prefer to visualize conversion rates and lead trends in charts, whereas a VP of sales might need a combination of graphs and tables of numbers.

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Planning General Ledger Forecasting Finance 40

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. Either way, you might be struggling to get consistent work or charge the higher fees that you’ve been wanting.

Accounting 52

Accounting CFO Auditing General Ledger 52

CFO Simplified

NOVEMBER 28, 2022

It’s just a bunch of numbers, right? This information is critical for a number of reasons that we’ll explore in this article. 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. .

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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.

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

Embark With Us

JANUARY 19, 2022

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. Like creating value in any number of initiatives you could be undertaking instead.

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Accounting Finance Data Analysis General Ledger 98

Centage

JULY 25, 2023

Businesses across numerous industries use Microsoft Excel spreadsheets to accomplish a wide range of tasks, including bookkeeping, accounting, and project management. For many business owners, automated software outperforms conventional Excel spreadsheets for several accounting tasks, especially for emerging and growing businesses.

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Budgeting Financial Planning and Analysis (FP&A) General Ledger Forecasting 98

CFO Talks

FEBRUARY 20, 2024

Farhaan discusses the critical aspects of his role, emphasising the shift from traditional accounting to strategic and operational involvement across business sectors. Farhan holds a BCom and a number of postgraduate diplomas in accounting from the University of Johannesburg. Farhaan: We speak of CFOs as traditional accountants.

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CFO Leadership Accounting Finance 52

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

PYMNTS

JANUARY 26, 2018

Corporate accounting software is now a continually evolving space, but progress doesn’t occur in a vacuum: External forces and trends, from changing regulations to increased adoption of FinTech by the enterprise, force businesses to adjust how they record and report financial data. Open Banking initiatives in the EU, U.K.,

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General Ledger Benchmarking Reconciliations Accounts Payable 47

CFO Simplified

NOVEMBER 6, 2023

Register with the IRS — get an EIN — an Employer Identification Number You get an EIN from the IRS, after answering a few questions on the IRS’ website. 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. Do you need to run payroll?

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General Ledger Strategic Planning CFO Accounting 52

Centage

SEPTEMBER 14, 2021

Accounting has evolved quite a bit since the early days of double-entry systems and general ledgers. Today’s business budgeting and financial planning solutions must provide business insight in real time and let budget owners and planners collaborate with confidence in numbers. Change is here. Risk is real.

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Budgeting General Ledger Data Analysis Financial Data 96

Centage

JANUARY 18, 2022

Users can define the formulas and flow as they please, which means they can inadvertently violate your business logic and/or established accounting standards. A modern FP&A solution with pre-programmed business logic and accounting rules prevents users from making such mistakes. How can we plan for an uncertain economy?

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Budgeting Forecasting Financial Planning and Analysis (FP&A) General Ledger 111

Planful

FEBRUARY 16, 2017

At medium to large companies, you could be looking at many different spreadsheets with data sourced from various financial applications, and you have no idea how accurate those numbers are or whether you’ve got the latest version. Year-end close shouldn’t strike fear into your heart, though.

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Numbers General Ledger (GL) General Ledger Financial Reporting 40

Centage

JANUARY 9, 2024

Users can define the formulas and flow as they please, which means they can inadvertently violate your business logic and/or established accounting standards. FP&A software with pre-programmed business logic and accounting rules prevents users from making such mistakes. How valuable is my budget for managing the business next year?

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Budgeting Forecasting General Ledger Finance 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 challenges are even greater when a company totally changes the way it is operating.

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General Ledger Accounts Payable Manufacturing Planning 52

FPA Insider

JANUARY 7, 2020

Data ranges from financial data, employee headcount, client, accounts, products, client assets in custody, investment performance, etc. Today there is significantly greater data in a greater number of places, which makes maintaining accuracy a ton of work. The Challenge. What to Do? Centralizing solutions are the answer.

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General Ledger Leadership Financial Data Planning 52

Centage

OCTOBER 3, 2022

Excel is an easy-to-use platform for inputting numbers and getting results with simple formulas. These can become apparent as your business grows and your accounting needs get more involved. You need to account for these possible outcomes in advance to ensure your business plans appropriately.

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Forecasting Budgeting Data Analysis Financial Modeling 98

Centage

OCTOBER 3, 2022

Excel is an easy-to-use platform for inputting numbers and getting results with simple formulas. These can become apparent as your business grows and your accounting needs get more involved. You need to account for these possible outcomes in advance to ensure your business plans appropriately. Risk of Errors.

Forecasting 52

Forecasting Budgeting Data Analysis Financial Modeling 52

Planful

OCTOBER 20, 2015

When you begin the process of closing, you start by exporting trial balance data out of the general ledgers or ERP software and collect the data into spreadsheets that have to be reviewed and processed manually. However, as the number of people who work with these spreadsheets grows, more and more errors are introduced into the data.

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General Ledger Accounting Standards Auditing Currencies 40