VCFO

OCTOBER 10, 2023

monthly, annual) performance, much more is needed for effective strategic planning – proactive planning that looks beyond what the business will do in the short term to where you want it to be in five years, ten years, or a similar timeframe. While the Income Statement does provide a view of historical (e.g.,

Strategic Planning 83

Strategic Planning Cash Flow Forecasting Profit and Loss CFO 83

CFO Simplified

DECEMBER 12, 2021

The terms “finance” and “accounting” are often used interchangeably. There are, however, very real differences between finance and accounting. While many business owners look for a CFO to bolster their existing accounting team, here at CFO Simplified, we consider that a CFO would be categorized squarely in the finance category.

Accounting 52

Accounting Finance Cash Flow Forecasting CFO 52

The Charity CFO

NOVEMBER 10, 2022

What should you look for when evaluating nonprofit accounting services? Yes, they might have a board member or volunteer who takes care of the finances, but they often lack specific expertise in nonprofit accounting. Benefits of Nonprofit Accounting Services. Nonprofit organizations exist to further a mission or goal.

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

Boston Startup CFO

APRIL 3, 2023

Financial accounting: A topic that can easily disorient even the most driven entrepreneurs. Fortunately, we present you with a compass – a diagram that demystifies the functions of financial accounting. In this tier, a double-entry accounting system is employed to ensure the accurate recording of all transactions.

Accounting 52

Accounting Accounting Principles GAAP Compliance 52

Centage

AUGUST 15, 2022

In the current economic climate, proper financial planning and management are more essential than ever before. With that in mind, many businesses are turning to budgeting and planning drivers as a way of obtaining more accurate information. Managers can then run scenarios with the drivers to improve long-term strategic planning.

Budgeting 105

Budgeting Planning Forecasting GAAP 105

CFO Simplified

APRIL 19, 2023

In 2023, retaining top talent and planning for succession are critical for business leaders to avoid disrupting the growth of their organizations. An effective succession plan must be linked to the organization’s strategic plan, mission, and vision. Who is responsible for succession planning?

Planning 52

Planning Leadership Communication Nonprofit 52

The Finance Weekly

AUGUST 27, 2023

Planful and Datarails are two of the leading FP&A solutions in 2023. Planful is an FP&A solution that was built for large companies and enterprises. Planful has a great AI feature called Planful Predict and it is a big selling point in 2023.

Financial Planning and Analysis (FP&A) 52

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

PYMNTS

AUGUST 3, 2020

BBVA USA is collaborating with Google to offer consumers a digital bank account through Google Pay. When we launched our new five-year strategic plan in January, we said that two key pillars were to ? insured digital account will be built on BBVA’s infrastructure and powered by Google Pay. BBVA is one of six U.S.

Accounting 88

Accounting Banking Strategic Planning Finance 88

CFO Thought Leader

JANUARY 27, 2024

This episode of Planning Aces sheds light on the critical role financial leadership and strategic planning plays in guiding companies through turbulent times and the importance of balancing short-term opportunities with long-term strategic planning. Konold managed this surge and the subsequent market normalization.

Strategic Planning 52

Strategic Planning Leadership CFO Planning 52

Spreadym

JUNE 27, 2023

What is Financial Planning and Analysis or FP&A? FP&A is a process used by organizations to develop and manage their financial plans and make informed decisions based on financial analysis. What is Financial Planning and Analysis? Why Financial Planning and Analysis (FP&A) is important?

Financial Planning and Analysis (FP&A) 52

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

Spreadym

MARCH 12, 2023

Categorization is important because it helps company define items for planning and budgeting more easily. Most of companies for their strategic planning or long-term budgeting don’t need very detailed structure of the assortment of goods. It’s rather then enough to aggregate it on more general level.

Budgeting 52

Budgeting Technology Planning Strategic Planning 52

CFO Simplified

JULY 22, 2022

Arrange for a meeting to discuss your plans and your concerns, and tell them the kind of help you need. Contact each of your open accounts. Planning will pay off handsomely. BUSINESS PLAN. The pandemic changed plans for nearly every business. The pandemic changed plans for nearly every business.

Cash Flow Forecasting 96

Cash Flow Forecasting Strategic Planning CFO Planning 96

CFO Simplified

FEBRUARY 17, 2022

The business’ part-time CFO was providing financials that didn’t match the reports they received from their accountant. Develop a cash-flow forecast so that the company could understand cash availability and plan on payments to their vendors and the primary lender. Change to accrual basis accounting. Ownership – Two partners.

Accounting 52

Accounting Retail Profit and Loss Cash Flow Forecasting 52

VCFO

NOVEMBER 18, 2021

Merger & Acquisition Integration Plans. What is a Merger & Acquisition Integration Plan? Before the transaction documents are executed, having a post-merger M&A Integration Plan in place is imperative to define the steps, activities, and responsibilities of all parties. Key Elements of an Integration Plan.

Mergers and Acquisitions (M&A) 54

Mergers and Acquisitions (M&A) Planning Strategic Planning Corporate Finance 54

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. A Lease or Not a Lease?

Accounting 78

Accounting Accounting Standards Economics Advertising 78

PYMNTS

MARCH 11, 2020

With a continuation of its global expansion, small business accounting software maker FreshBooks has rolled out in the United Kingdom. The firm is also rolling out a new set of functions geared toward Biritsh business needs, Accounting Today reported. per news in December.

Accounting 52

Accounting Nonprofit Strategic Planning Compliance 52

Focus CFO

DECEMBER 6, 2021

Some business owners downplay the complexity of Financial Planning and Analysis (FP&A) and mistakenly task their accounting team with this crucial function, or hope their CPA firm can be of help. This is the first step in improving FP&A and will continue to inform strategic decision- making throughout the company’s lifecycle.

Financial Planning and Analysis (FP&A) 92

Financial Planning and Analysis (FP&A) Strategic Planning CFO Communication 92

PYMNTS

DECEMBER 18, 2019

The accounting software solutions offered by Sage Intacct are flexible and cloud-native, offering advanced functionality and automation. This year marked the third straight year Sage Intacct account software has earned the highest score. Silicon Valley’s Sage Intacct is bringing its cloud-based financial management system to the U.K.

Accounting 52

Accounting Nonprofit Strategic Planning Cash Management 52

CFO Talks

JUNE 13, 2023

This initiative has attracted prominent CFO associations, including South Africa’s leading African CFO Association, CFO Club, represented by the Chartered Institute for Business Accountants (formerly SAIBA). Several key initiatives were discussed and will shape the alliance’s future activities.

CFO 97

CFO Strategic Planning Finance Communication 97

CFO Simplified

AUGUST 22, 2022

By this time, you are well on the road to executing your strategic plan for this year. This strategic plan includes evaluating your client relationships: Do they fit into your business model? For example, instead of allowing you to borrow on 80% of your accounts receivable (AR), they are now only giving you 60%.

Banking 98

Banking Strategic Planning CFO Treasury 98

PYMNTS

FEBRUARY 20, 2019

One of the most popular targets for innovators is the accounting space, where business processes touch on various aspects of an overall company, from accounts receivable and payable to cash forecasting and financial strategy development. This has introduced a new dynamic for the small business accountant.

Accounting 76

Accounting Cash Flow Forecasting Startups Forecasting 76

VCFO

MARCH 2, 2023

Some may think that makes financial management and strategic planning in a professional services firm simpler. This approach often manifests itself through mental exercises of “we did X in revenue this year and want to do Y% more next year,” but lacks sufficient thought and planning as to how that’s going to happen.

Strategic Planning 64

Strategic Planning CFO Budgeting Planning 64

Focus CFO

JUNE 16, 2023

John is a highly accomplished executive boasting considerable experience in strategic planning, treasury management, accounting, financial analysis, and business development. John Azlant has joined the FocusCFO team in Northeast Ohio.

Strategic Planning 52

Strategic Planning Financial Analysis Treasury Leadership 52

CFO Talks

OCTOBER 25, 2023

The journey from a Chartered Accountant (CA) to a Chief Financial Officer (CFO) is a transformative one, requiring a shift from technical expertise to strategic leadership. Key competencies include staff planning, project management, and corporate finance.

CFO 52

CFO Leadership Risk Management Strategic Planning 52

CFO Simplified

FEBRUARY 6, 2022

A study conducted by the Financial Planning Association shows that within five years of retirement, 60% of advisors do not have a proper succession plan in place. For that 60%, it’s not too late to start planning now. . Plan Years Ahead (not months) . How to Start Planning to Exit Your Business.

Planning 52

Planning CFO Leadership Communication 52

CFO Thought Leader

APRIL 7, 2024

This episode our Planning Aces emphasize the importance of leveraging one’s breadth of experience, stepping beyond traditional FP&A roles, and focusing on execution to bring significant value to organizations.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) CFO Profit and Loss Leadership 52

Future CFO

NOVEMBER 8, 2023

For companies starting out in the business, some resort to hiring fractional chief financial officers to share their expertise in finance, strategic planning, and other CFO-related activities. Business owners have to be invested in their annual plans or they rarely work. Remember, it's your plan, not their plan.

CFO 52

CFO Strategic Planning Forecasting Planning 52

Planful

OCTOBER 4, 2021

Peter Mahoney, Founder and CEO of Plannuh, joined me on the Being Planful podcast to dive into the often fraught relationship between Marketing and Finance. The company helps marketers easily create and manage plans, budgets, and expenses, which then helps marketing goals mesh with broader business goals. To What End? To what end?

Finance 40

Finance Planning Marketing Strategic Planning 40

The Charity CFO

JANUARY 12, 2024

Financial forecasting is a term you’ll hear thrown around in the business world quite often—but in the world of nonprofits, it can be difficult (and even downright impossible) to plan your organization’s finances with any degree of certainty. Think of a fiscal budget like your organization’s financial game plan for the year.

Nonprofit 52

Nonprofit Forecasting Budgeting Strategic Planning 52

Centage

OCTOBER 23, 2023

Or that accounting has planned $5,000 for a new printer? What are the plans for the organization? This may seem like more of a strategic planning question than a budgeting process one, but the two are intertwined. Is the board going to care that you’ve allocated 20% of IT’s budget for training?

Budgeting 52

Budgeting Strategic Planning Forecasting Planning 52

The Charity CFO

JUNE 10, 2022

Here are some quick ways to ensure that your organization has the financial support it needs to carry out its mission: Recruit board members with financial and accounting expertise. And if you can find qualified candidates with nonprofit finance or accounting experience, even better. Don't hire the wrong accountant for your nonprofit!

Nonprofit 52

Nonprofit Finance Strategic Planning Cash Flow Forecasting 52

Future CFO

JANUARY 21, 2024

It also encourages SMEs to develop and retain top talent through continuous learning and development opportunities, the accountancy body added. In this rapidly evolving landscape, the role of accountants, especially those in small and medium-sized practices (SMPs) can be pivotal, ACCA pointed out.

Economics 52

Economics Compliance Strategic Planning Cost Management 52

Spreadym

NOVEMBER 8, 2023

Collaborative budgeting is an approach to financial planning and management that involves the active participation of multiple individuals or teams within an organization. Empowerment: Employees and managers at different levels are empowered to take ownership of their budgets and are more accountable for their financial performance.

Budgeting 59

Budgeting Communication Strategic Planning Analyzing Data 59

The Charity CFO

NOVEMBER 23, 2022

They handle all payroll and accounting functions and manage investments and fundraising efforts. A Bachelor’s Degree In Accounting, Finance, Or A Related Field Is Required. A bachelor’s degree will give the candidate a strong foundation in accounting and finance principles, which is essential for the role.

Nonprofit 52

Nonprofit Finance Strategic Planning Budgeting 52

Future CFO

DECEMBER 14, 2023

The integration of artificial intelligence in an organisation's finance function and accounting services has been proven to be a necessary evolution in the way chief financial officers manage and strategise for growth and efficiency. Strategic and operational harmony. Automating routine financial tasks.

CFO 52

CFO Problem Solving Strategic Planning Forecasting 52

The Charity CFO

JUNE 7, 2023

This information is crucial for financial planning, budgeting, and identifying potential areas of revenue growth. Strategic Uses Financial Planning : Provides insights into the financial health of the organization. accounts payable, loans). cash, investments, receivables) and liabilities (e.g.,

Nonprofit 52

Nonprofit Accounts Payable Budgeting Strategic Planning 52

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. Strategize: Spend your energy on planning for growth and improving the business.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52