Remove Accounts Payable Remove Budgeting Remove Cash Management Remove Strategic Planning
article thumbnail

From Necessary Evil to Mission Fuel: The Strategic Role of Nonprofit Financial Statements

The Charity CFO

This information is crucial for financial planning, budgeting, and identifying potential areas of revenue growth. cash, investments, receivables) and liabilities (e.g., accounts payable, loans). This analysis supports decision-making regarding debt management, investment strategies, and asset allocation.

article thumbnail

Financial Accounting Hierarchy - By JP Puchulu

Boston Startup CFO

In this tier, a double-entry accounting system is employed to ensure the accurate recording of all transactions. This includes managing invoices, receipts, and payments, as well as reconciling bank statements. A disorganized bookkeeping system causes the rest of the financial accounting hierarchy to be unsound.

article thumbnail

Best Practices from the CFO Suite

BlueLight

Post Series B, it becomes a full-time job to support strategic planning. Building strategic goals with the CEO and Board of Directors, then making sure the functional organizations get the information they need to execute on the strategy.” At the early stages, it is cash flow management. Edited for readability.

CFO 52