The Charity CFO

FEBRUARY 25, 2022

If you’re brand new to nonprofit accounting, the Chart of Accounts might be the best place to start. Because even if you only have one bank account, bill, investment, or expense, you’ll need one. What is a Chart of Accounts? How to Organize a Nonprofit Chart of Accounts . Account Description.

Nonprofit 92

Nonprofit Accounting Accounts Payable GAAP 92

PYMNTS

NOVEMBER 23, 2020

The National Retail Federation (NRF) said it predicts retail sales across the U.S. billion in retail sales and an increase of 3.5 billion in retail sales and an increase of 3.5 Since last year eCommerce sales are up 36.7 will rise between 3.6 percent and 5.2 percent over what they were last year, a press release says.

Sales 100

Sales Retail eCommerce Numbers 100

CFO Share

APRIL 5, 2022

Think your business is too small to worry about sales taxes? South Dakota , small business sales tax has been an issue you cannot afford to ignore. With audits ramping up and penalties exceeding $100,000, understanding sales and use tax is essential. The cost of sales tax non-compliance. Think again. Ever since Wayfair v.

Sales 98

Sales Auditing Compliance Tax Planning 98

Musings on Markets

NOVEMBER 10, 2022

In this post, I will revisit Facebook's most recent earnings report, and argue that while it contained disappointing news on growth and profitability, the bad news was exaggerated by systematic inconsistencies in how accountants categorize expenses, skewing earnings and invested capital down in firms that don't fit the accounting prototype.

Accounting 97

Accounting Advertising Valuation Investments 97

CFO Talks

MARCH 18, 2025

By tracking the right numbers, businesses and individuals can make informed decisions, spot potential problems early, and set themselves up for long-term success. Its calculated as: (Revenue – Cost of Goods Sold) Revenue 100 A higher percentage means youre keeping more money from each sale. Can it pay its bills on time?

Numbers 52

Numbers Sales Investments Accounting 52

Global Finance

NOVEMBER 29, 2024

These are collection accounts specifically developed to collect various public taxes: The amount of the advance available is determined based on expected receipts, and enriched reporting data enables automatic reconciliation in public accounting systems. At the end of 2023, Belfius had more than 12,000 public sector clients.

Cash Management 98

Cash Management Treasury Reconciliations Banking 98

PYMNTS

NOVEMBER 24, 2020

Businesses and financial institutions (FIs) are constantly examining ways to make their customers’ accounts more secure, especially as more consumers go online to make purchases and transact during the ongoing COVID-19 pandemic. Embr Labs On Reducing Cart Abandonment, Boosting Sales Using Text Messaging.

Sales 108

Sales Leverage Securities Banking 108

Bramasol

MAY 23, 2024

Previous episodes in this Insights Series have explored the challenges created by new Digital Solutions Economy paradigms for billing, fulfillment, invoicing, revenue accounting, and compliance across a wide range of industries. Entitlement Management - Tracking and managing software licenses to ensure they are accounted for accurately.

Compliance 100

Compliance Accounting SAP Invoicing 100

CFO Talks

JUNE 8, 2025

Forecasts update as real numbers roll in. Everyone is working off the same numbers, and those numbers are current. Instead of locking numbers down once a year and hoping for the best, you steer the business monthly, weekly or even daily. You spend less time collecting numbers and more time directing decisions.

Budgeting 52

Budgeting CFO Forecasting Financial Systems 52

Bramasol

JULY 31, 2023

This new post provides a deeper look at how the leasing of medical equipment along with other bundled services or products presents particular challenges for meshing contracts and lessor accounting with DSE management and revenue recognition. According to Allied Market Research, "The global medical equipment rental market was valued at $56.0

Accounting 81

Accounting SAP GAAP IFRS 81

The Charity CFO

JANUARY 17, 2022

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. with this overview of nonprofit accounting basics. . What is nonprofit accounting? Investopedia defines accounting as “the process of recording financial transactions pertaining to a business.” .

Nonprofit 89

Nonprofit Accounting Profit and Loss Accounts Payable 89

Barry Ritholtz

APRIL 17, 2025

Your Lizard Brain : One of my favorite behavioral hacks is for you stock junkies: Manage your lizard brain via a Cowboy Account. Set up a mad-money account with less than 5% of your liquid capital. ” The cowboy account serves the same function. Every sale was a source of regret, as stocks kept going up, up, up.

Investments 107

Investments Profit and Loss Math Accounting 107

PYMNTS

JANUARY 28, 2021

By the numbers, convenience stores are America’s gas stations. They account for 63.7 percent of all gasoline sold in the country, and 80 percent of them combine the food staples they’re well known for with the pumps for the business they’ve come to dominate. But the simplicity ends there.

Sales 124

Sales Communication Technology Securities 124

PYMNTS

SEPTEMBER 18, 2020

Another 62 percent of businesses and 78 percent of individual sellers in the study (which included more than 1,000 businesses and individuals generating up to $10 million in sales) reported that they use marketplaces to reach more customers.

Sales 141

Sales eCommerce Prioritization Invoicing 141

CFO Talks

NOVEMBER 25, 2024

Identifying and Overcoming Ethical Dilemmas in Business In the corporate world, numbers might drive decisions, but values define leadership. How to Handle It: Stand firm on ethical accounting practices and remind decision-makers of the long-term implications of financial misrepresentation.

Leadership 98

Leadership Auditing Profit and Loss Compliance 98

Global Finance

APRIL 6, 2025

They now have a 13% share of the US insurance marketup from 1% in 2012and account for 35% of new sales of US fixed and fixed-index annuities, the consultancy reports. Like a growing number of insurers, Generali is building out its own direct-lending platform. The US firm is focused on direct lending to mid-market companies.

Investments 112

Investments Restructuring Marketing Banking 112

The Finance Weekly

FEBRUARY 23, 2025

For example, if a company aims to expand online sales, FP&A teams analyze marketing costs and expected revenue to determine budget allocations. How to improve with data: Connect FP&A tools with accounting systems for automated, error-free data transfers. Every number tells a story, but only those who listen gain an advantage.

Financial Planning and Analysis (FP&A) 52

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

CFO Simplified

AUGUST 18, 2022

The cash gap is the number of days between when we spend money buying presents, and when I get paid next. Days’ Inventory, also known as Days’ Sales in Inventory (DSI), represents the number of days of inventory you have on the warehouse floor, available for sale. You can see why this is important to me! Days’ Payables.

Accounts Payable 105

Accounts Payable Invoicing Accounting Sales 105

CFO Talks

MARCH 25, 2025

The Real Cost of Dirty Data Lets say your monthly numbers are off because someone pulled figures from the wrong version of a spreadsheet. Or worse, the sales data in your dashboard doesnt match what your finance team has on record. You spend hours reconciling, re-checking, and trying to figure out which number to trust.

CFO 52

CFO Reconciliations Finance Auditing 52

CFO Talks

MAY 29, 2025

Businesses do not just want accurate numbers. Being responsive means designing finance workflows around the needs of the business, not just accounting cycles. Finance has to keep pace with operations, sales, procurement, and project teams. When sales performance dips, finance breaks down the contributing factors.

Finance 52

Finance CFO Compliance Forecasting 52

Barry Ritholtz

DECEMBER 11, 2023

retailers retracted its claim that “organized retail crime” accounted for nearly half of all inventory losses in 2021 after finding that incorrect data was used for its analysis.” I tracked the annual retail sales forecast as a twofold exercise: Avoid forecasts, as they are mostly wrong, and tend to lose investors’ money.

Retail 141

Retail Profit and Loss Forecasting Accounting 141

CFO Talks

APRIL 22, 2025

As a CFO, you arent here to hope the numbers work out. Moving from Static to Strategic Risk-adjusted forecasting is not just about stress testing your numbers. They pull in risk managers, ops teams, sales leaders, and procurement to build a rounded, interconnected view. Its about rewiring how finance interacts with risk.

Forecasting 52

Forecasting CFO Leadership Concentration 52

PYMNTS

APRIL 13, 2020

Tracking the shopping trend data since the COVID-19 outbreak began, home electronics sales as well as wellness and health products sales have increased by more than 50 percent; wine sales have exploded by 113 percent. All that commerce is now digital, which introduces both new opportunities and challenges.

Securities 129

Securities eCommerce Concentration Accounting 129

Global Finance

MAY 6, 2025

Using the Velocity platform, the banks accounts are tokenized and embedded into QR codes, enabling customers to make instant payments via mobile phones. Business accounts have also evolved, with customers able to generate tokenized account numbers that add precision to transaction reconciliations.

Cash Management 52

Cash Management Leverage Banking Reconciliations 52

PYMNTS

DECEMBER 7, 2020

Digital Black Friday sales this year hit $9 billion, a 22 percent increase from 2019 figures, according to recent Adobe research. But most people forget that we're still talking about small businesses with a limited number of resources.". Small Business, Big Challenges.

eCommerce 142

eCommerce Finance B2C B2B 142

CFO Talks

MARCH 4, 2025

This way, if sales dip, costs rise, or new opportunities appear, you can adjust your strategy instead of sticking to an outdated plan. The same goes for managing moneywithout tracking your numbers, things can go wrong fast. Financial dashboards Real-time insights on sales, expenses, and profits help you spot trends early.

Budgeting 52

Budgeting Forecasting Invoicing Sales 52

CFO Talks

NOVEMBER 27, 2024

Achieving this requires more than crunching numbers; it demands insight, context, and actionable recommendations. A trendline graph showing the gradual change in margins alongside a pie chart of cost contributors paints a clearer picture than numbers alone. If sales improve by 5%, what does that mean for year-end profits?

Cash Flow Forecasting 52

Cash Flow Forecasting Leadership CFO Forecasting 52

Musings on Markets

FEBRUARY 12, 2025

I am in the third week of the corporate finance class that I teach at NYU Stern, and my students have been lulled into a false sense of complacency about what's coming, since I have not used a single metric or number in my class yet. It is for that reason that I created my own version of an accounting class , that you can find on my webpage.

Hurdle Rate 74

Hurdle Rate Accounting Investments Economics 74

The Finance Weekly

DECEMBER 2, 2024

When you’re making small-talk with someone who isn’t in finance or accounting about how work is going, and they answer with “busy,” do you ever question how hard it really is? They have a five person accounting team who spend an unwieldy amount of time dumping data from NetSuite into Excel. All involving Excel data manipulation.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Data Analysis Financial Modeling 52

CFO Talks

MARCH 13, 2025

This means decisions can be made quickly, without waiting for accountants to prepare reports. Often, finance teams work separately from sales, operations, and HR, leading to inconsistent financial data. Empowering Non-Financial Managers In the past, financial data was only accessible to accountants and finance teams.

Financial Reporting 52

Financial Reporting IFRS Compliance Problem Solving 52

PYMNTS

AUGUST 17, 2020

The Commerce Department released July’s retail sales last week, showing an increase in seasonally adjusted retail spending – up 1.2 Analysts reported that physical retail sales, seasonally adjusted, were up 2.7 Analysts reported that physical retail sales, seasonally adjusted, were up 2.7 percent growth in June.

eCommerce 134

eCommerce Retail Sales Numbers 134

PYMNTS

DECEMBER 28, 2020

It could be argued that for the retail industry to pull off a 3 percent uptick for holiday sales this year was an astonishing feat. Overall spend: If the season were measured by traditional standards, from Thanksgiving through Christmas, overall sales would have bumped up by 2.4 The number was also higher than many expected.

eCommerce 104

eCommerce Retail Sales Numbers 104

CFO News Room

DECEMBER 14, 2022

The real retail sales indicator improved from a negative trend to a neutral trend. The expected single-family sales index dropped to 31 from 35 in the prior month, the current single-family sales index was down to 39 from 45 in October, and the traffic of prospective buyers index sank again, hitting 20 from 25 in the prior month.

Economics 130

Economics Sales Manufacturing Retail 130

CFO Thought Leader

OCTOBER 29, 2024

Once the board approved the plan, Gronen led efforts to align sales teams and streamline processes. Looking back, Gronen tells us his involvment with M&A began during his time at Alltel, where he contributed to a number of M&A transactions. Gronen: Yooz is an AP (accounts payable) automation and payments company.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) CFO Finance Profit and Loss 52

Collectiv

MAY 19, 2025

Yet for most business leadersespecially in finance, sales, and operationsthats exactly how it feels. Why Business Users Need This Business leaders know their numbers. For finance, it means less manual effort and more trusted numbers. Forecasting shouldnt require a PhD in Excel or a week of IT support.

Forecasting 52

Forecasting Planning Budgeting Auditing 52

CFO Talks

JANUARY 30, 2025

Below are the key takeaways from this insightful discussion: The Foundation of a Strategic Vision Roger shared that a successful strategic vision starts with identifying the “magic numbers” for a business. At CFO Centre, we talk about “magic numbers.” Rogers advice was to be pragmatic and proactive.

Communication 52

Communication CFO Valuation Construction 52

https://trustedcfosolutions.com/feed/

FEBRUARY 18, 2022

It used to be the domain of a relatively small number of wealthy families. Choosing the right accounting software is important. However, there are exceptional cloud accounting software programs that can take that complexity and make it simple. With the right accounting solution in place, you can “right-size” your staffing.

GAAP 116

GAAP IFRS Compliance Accounting 116