CFO Simplified

JANUARY 2, 2022

If employees sense that the Accounts Payable (AP) team is harried and barely scraping by, it can be tempting to test the waters on an expense report. Reliance Upon Outside Audits . It can be tempting to rely upon an annual audit to catch fraud. Are you worried about your business’s data security going forward into 2022?

CFO 52

CFO Auditing Accounts Payable Securities 52

CFO Share

MARCH 2, 2023

Accounts payable is the most common source of fraud in a small business. Both internal accountants and external hackers target weak AP processes to steal money since it is the business process most vulnerable to fraud. What are some of the common fraud attempts in accounts payable?

Invoicing 52

Invoicing Accounts Payable Auditing Education 52

The Charity CFO

MAY 31, 2022

But if you bring zero experience in accounting or financial management to your organization, that’s okay. In this article, we’ll walk you through the elements of nonprofit finance that every executive director, CFO, and accountant should know. In most cases, these include an annual audit and federal tax return.

Nonprofit 98

Nonprofit Finance Auditing Accounts Payable 98

Future CFO

DECEMBER 5, 2022

While it is common to find a chief finance officer (CFO) helming a large or multinational organisation, the costs associated with having one in-house can be a hurdle for smaller organisations. According to payscale , the average base salary of a CFO in Hong Kong is HK$1,351,820 per year. Hiring a CFO when money is the problem.

CFO 98

CFO Profit and Loss Cash Flow Forecasting Leadership 98

PYMNTS

SEPTEMBER 24, 2020

Accounts payable (AP) teams are now taking a fresh look at the potential of tools such as virtual cards to ease their transaction frictions. The September CFO Guide To Digitizing B2B Payments explores how corporate buyers are streamlining their B2B transactions with digital payments and supplier onboarding tools.

Construction 107

Construction Accounts Payable B2B Pharmaceutical 107

CFO Simplified

DECEMBER 26, 2021

From overworked staff accountants to controllers running month-end closes, a poorly structured finance, and accounting department can put strains on your business’ growth. Here’s a guide to set your accounting and finance department up for success as your business grows. Roles and Responsibilities.

Finance 52

Finance General Ledger CFO Auditing 52

https://trustedcfosolutions.com/feed/

MARCH 1, 2023

By automating your accounts payable processes, you’ll save hundreds of hours and thousands of dollars from data retrieval and manual work, all while making the process more streamlined. This allows you to reduce the amount of manual data entry and create an audit trail for your asset data.

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Accounts Payable Auditing CFO Invoicing 62

The Charity CFO

APRIL 1, 2024

Elements of a Strong Nonprofit Accounting Tech Stack How do you build a strong nonprofit accounting tech stack? At The Charity CFO, we’ve found four tech tools that have worked for several of our clients to improve their accounting systems. Get the free guide!

Nonprofit 52

Nonprofit Accounting CFO Accounts Payable 52

BlueLight

JULY 30, 2020

The financial implication of these decision is critical and the CFO is the executive helping the CEO navigate these decisions. Historically, the CFO role was focused on backward looking information: ensuring on-time and accurate financial reporting. The CFO suite doesn’t want to be the “department of No.” It evolves with stage.

CFO 52

CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 52

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

https://trustedcfosolutions.com/feed/

JULY 19, 2022

Scalability is crucial, and Sage Intacct puts you in a great position to drive growth by automating the complete range of primary and complex accounting processes so you can focus on analyzing your real-time business performance. Sage Intacct has completed SSAE 18 SOC 1 Type II, SOC 2 Type II, and ISO27001 audits.

Accounts Payable 113

Accounts Payable Auditing Compliance Accounting 113

PYMNTS

SEPTEMBER 29, 2020

As a provider of back-office financial technology, it's vital to speak with chief finance officer (CFO) and finance executive end-users about what they need and which friction points are giving them the most pain. 1, they want to accelerate the transformation of how work gets done," Gupta told PYMNTS in an interview.

Cash Flow Forecasting 59

Cash Flow Forecasting Accounts Payable Invoicing Corporate Finance 59

PYMNTS

JANUARY 17, 2018

Israch said he’s observed increased adoption and momentum for AP (accounts payable) automation and cross-border needs — and not just at his own company. Across the board, he said, CFOs and executives are realizing that they can’t keep up just by throwing more bodies at the problem.

Accounts Payable 40

Accounts Payable Auditing B2B CFO 40

The Charity CFO

FEBRUARY 4, 2022

Most organizations will also need to track payments they are owed (accounts receivable), bills that they haven’t paid (accounts payable). . At The Charity CFO, we handle the books and all of your accounting needs. The #1 accounting mistake that nonprofits make is hiring the wrong people to help them.

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Nonprofit Invoicing General Ledger GAAP 98

PYMNTS

AUGUST 18, 2017

Israch said the advantage to these new offerings is it encompasses one holistic system for all parties to manage finances throughout the payment life cycle, as well as helping to manage fraud and audit risks. and overseas.”.

Accounts Payable 46

Accounts Payable Invoicing Compliance Auditing 46

Boston Startup CFO

APRIL 3, 2023

In this tier, a double-entry accounting system is employed to ensure the accurate recording of all transactions. Additionally, it is necessary to maintain accounts payable and accounts receivable, guaranteeing that all transactions are precise and current.

Accounting 52

Accounting Accounting Principles GAAP Compliance 52

PYMNTS

SEPTEMBER 28, 2020

Corporate buyers that fail to adhere to these regulatory requirements could face audits, fines and tax withholdings. Companies may be eager to ditch paper checks and other manual methods from their B2B payment flows, as 24 percent of accounts payable (AP) professionals say that such processes worsen vendor relationships.

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Accounts Payable B2B Invoicing Auditing 66

CFO Talks

DECEMBER 26, 2021

Today’s podcast is sponsored by Draftworx, which provides automated drafting and working paper financial software to more than 8000 accounting and auditing firms and corporations. CFO Talks is a brand of the South African Institute of Business Accountants. Johannes, welcome and it’s good to have you on CFO Talks.

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CFO Construction Finance Education 68

The Charity CFO

APRIL 5, 2022

Accrual accounts exist to track your accrual transactions and their balances, according to the type of transaction. Common accrual accounts include: . Accounts receivable. Accounts payable. Notes payable. What is the Cash Accounting Method? Which accounting method is more effective?

Nonprofit 98

Nonprofit Accounting GAAP Auditing 98

CFO Share

APRIL 11, 2024

Busy small business owners unable to keep up with their books often consider outsourced CFO services as a cost-effective solution. Counter-intuitively, an outsourced bookkeeping service reduces the risk of fraud by adding more oversight and best-practices to your accounting processes.

Securities 52

Securities CFO Education Auditing 52

The Charity CFO

APRIL 25, 2024

About The Charity CFO The Charity CFO is an accounting firm specializing in serving nonprofits through outsourced accounting and fractional CFO services. We know what a nonprofit goes through each day, and we utilize technology to simplify our clients’ accounting processes. Let’s meet these organizations.

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

The Charity CFO

JANUARY 17, 2022

The #1 accounting mistake that nonprofits make is hiring the wrong people to help them. Get this FREE guide to discover what you need to do to ensure you hire the right accountant, bookkeeper, or CFO the FIRST time. But it also includes accounts payable (unpaid bills), credit card bills, outstanding payroll, and more.

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

The Charity CFO

MAY 18, 2022

If your nonprofit requires an audit, the board should engage directly with the audit firm. Finally, the board should be aware of significant compliance requirements the nonprofit is subject to and ensure a system of accountability is in place. Review annual audit . Compliance. It’s very common. Get the free guide!

Nonprofit 105

Nonprofit Auditing Compliance Budgeting 105

Centage

SEPTEMBER 6, 2022

As a business owner or chief financial officer (CFO), spreadsheets may be an important part of your financial forecasting, planning, and budgeting processes. Excel does not have audit trail capabilities, so it is difficult to prevent fraud as numbers, and other financial data can easily be changed by any user.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

Beacon CFO Plus

JUNE 16, 2023

For example, common controls like external audits of financial statements and a formal code of conduct were in place at only 53 percent of small businesses (compared to 90 percent of larger organizations). A forward-thinking virtual CFO can help guide your business in the right direction and provide protection against fraud and other risks.

Accounts Payable 52

Accounts Payable CFO Auditing Risk Management 52

PYMNTS

NOVEMBER 4, 2020

I'd be willing to be that any controller or CFO that doesn't have an automated auditing process is worried about it.". The company announced its formal launch last month as a technology provider designed to automate the invoice auditing process to combat fraud and errors for accounts payable personnel.

Invoicing 90

Invoicing Auditing B2B Accounts Payable 90

Centage

SEPTEMBER 6, 2022

As a business owner or chief financial officer (CFO), spreadsheets may be an important part of your financial forecasting, planning, and budgeting processes. Excel does not have audit trail capabilities, so it is difficult to prevent fraud as numbers, and other financial data can easily be changed by any user.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

The Charity CFO

MARCH 2, 2022

Isabel is the Onboarding Specialist at The Charity CFO. You used to audit nonprofit organizations back in the day, similar to me, but while I was the CFO of a nonprofit, you were my auditor. Um, so that we can ensure we get through audits and then just kind of balancing all of those things together. Why are they off?

Nonprofit 98

Nonprofit Auditing Reconciliations Accounting 98

Planful

SEPTEMBER 10, 2015

ERP includes a general ledger which summarizes all of the details from other modules like purchasing, accounts payable, and accounts receivable. It is generally driven by the finance department or CFO of the enterprise. A good EPM solution will also make the financial auditing process much simpler and faster.

Planning 40

Planning General Ledger Accounts Payable Budgeting 40

CFO Talks

DECEMBER 26, 2021

South African-born Daniel Raubenheimer is a passionate MBA graduate with cross-functional experience in tech, FMCG and manufacturing, he’s now CFO at Silon in Atlanta, USA, a leading producer of technical compounds and polyester staple fibres. CFO Talks is a brand of the South African Institute of Business Accountants.

Manufacturing 75

Manufacturing CFO IFRS Budgeting 75

PYMNTS

AUGUST 13, 2020

This can lead to disputes that end in costly audits or soured relationships between companies and creatives. Major media companies often use sophisticated tools to crunch these numbers, but the process’s murkiness still frequently confuses talent, Klaris said.

Entertainment 57

Entertainment Invoicing Currencies Auditing 57

The Finance Weekly

JULY 31, 2023

As a seasoned finance leader in telecommunications, retail, technology, and legal sectors, Glenn envisions transforming the role of Chief Financial Officer (CFO) from being a historical reporter to a strategic forward-thinker. His expertise spans financial analysis , budgeting, business partnering, financial storytelling, excel, and audit.

Corporate Finance 52

Corporate Finance Finance Leverage Accounts Payable 52