The Charity CFO

JUNE 7, 2023

Analyzing Financial Structure : By presenting the organization’s assets and liabilities, the statement assists in analyzing the financial structure, including the composition of assets (e.g., accounts payable, loans). Financial Reporting : Provides a comprehensive view of the organization’s expenses.

Nonprofit 52

Nonprofit Accounts Payable Budgeting Strategic Planning 52

CFO Plans

SEPTEMBER 3, 2021

By Casey Gillam, Sales Manager @ CFO Plans Inc. Realizing he did not want to spend his time worrying about the daily back-office tasks such as accounting, accounts payable, and payroll, Alex met with CFO Plans to see if they could offer a solution to his pain points.

CFO 68

CFO Accounts Payable Planning Finance 68

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. Don't hire the wrong accountant for your nonprofit! Get the free guide!

Nonprofit 98

Nonprofit Finance Auditing Accounts Payable 98

The Charity CFO

MARCH 27, 2024

Dext works with QuickBooks to sync any uploads from the app into QuickBooks Online, making it easy for your accounting team to access any receipts or documents through the QuickBooks platform. Bill Formerly Bill.com, Bill is a financial software that helps you manage your accounts receivable and accounts payable.

Nonprofit 40

Nonprofit Accounts Payable Compliance Invoicing 40

CFO Talks

MARCH 19, 2024

Change Management: The Modern CFO’s Blueprint The role of a Chief Financial Officer (CFO) goes way beyond just looking after the company’s money. Developing the Finance Agenda Once strategic priorities are identified, the CFO distills these insights into a clear, concise list of goals.

CFO 52

CFO Communication Finance Budgeting 52

The Charity CFO

FEBRUARY 4, 2022

Bookkeepers lay the foundation for the accounting processes that will follow. They organize the data and ensure accuracy so the accountant can create reliable and timely financial reports. At The Charity CFO, we handle the books and all of your accounting needs. Get the free guide!

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

The Charity CFO

APRIL 12, 2022

After all, their financial reports showed they had much more revenue than expenses. In an accrual accounting system, financial reports are complex documents. And not every number on your financial statements reflects cash changing hands. . Everything was looking not just good, but great. But why, exactly?

Nonprofit 105

Nonprofit CFO Accounting Accounts Payable 105

https://trustedcfosolutions.com/feed/

FEBRUARY 12, 2023

Think of a dashboard as an accounting hub: all essential information pertaining to business can be found here. Dashboards act as an effortless way to save several hours of time on financial reporting, and offer valuable insights into business performance.

Accounting 105

Accounting Accounts Payable Finance Financial Reporting 105

CFO Simplified

AUGUST 21, 2022

Here, we have Larry Chester , President of CFO Simplified, on camera to discuss why a bank might change advance rates as well as what to do if a bank tightens up your advance rates. Bank fatigue might mean that your bank feels like: Your financial reporting isn’t getting done on time. Your financial reporting is inconsistent.

Banking 98

Banking Concentration CFO Accounting 98

The Charity CFO

FEBRUARY 8, 2023

Simply stated, a decrease in accounts receivable means there was an increase in cash, so you add this value back in. If there was an increase in accounts payable, there is more cash that your organization owes, but the cash has not yet left. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

Nonprofit 52

Nonprofit CFO Accounts Payable Concentration 52

CFO Simplified

FEBRUARY 17, 2022

Bringing Value through CFO Insights. The business’ part-time CFO was providing financials that didn’t match the reports they received from their accountant. Financial Reporting. The company’s financial results varied wildly from month to month. Business – E-commerce computer retailer.

Accounting 52

Accounting Retail Profit and Loss Cash Flow Forecasting 52

The Charity CFO

OCTOBER 12, 2022

On the other hand, your liabilities are everything you owe to other people, like credit card balances, loans, mortgages, lines of credit, accounts payable, and more. At Charity CFO, we understand the complexity of nonprofit accounting. Learn to See Your Financial Reports Like Your Accountant Does!

Nonprofit 52

Nonprofit Accounts Payable CFO Accounting 52

The Charity CFO

APRIL 29, 2022

For more detail, refer to this article on permanent accounts.). Examine accounts receivable (A/R) aging summary for reasonableness. Examine accounts payable (A/P) aging summary for reasonableness. At The Charity CFO, we don’t perform audits, or audit-prep account cleanup for non-clients. Get the free guide!

Nonprofit 105

Nonprofit Auditing General Ledger Reconciliations 105

https://trustedcfosolutions.com/feed/

MAY 27, 2022

One of the best features of Sage Intacct’s franchise accounting software is that it supports almost any business structure, including fractional ownership and other complex operational structures. Drill down to entity source transactions, receivables, and payables to get complete details.

Accounting 108

Accounting General Ledger Accounts Payable Cash Management 108

CFO Simplified

APRIL 15, 2022

Bringing Value Through CFO Insights. Unfortunately, financial reporting had been inconsistent, so the owners wanted help putting together a set of financials that the bank would accept. Financial Reporting Inconsistencies. The post Dealing with Obsolete Inventory appeared first on CFO Simplified.

Profit and Loss 52

Profit and Loss Manufacturing General Ledger Accounts Payable 52

Michigan CFO

JUNE 14, 2022

For instance, the Texas state comptroller, popularly referred to as the Texas Comptroller of Public Accounts, serves as “Texas’ chief financial officer — tax collector, chief accountant, chief revenue estimator, and chief treasurer for all of state government, as well as administrator for several other programs” according to comptroller.texas.gov.

General Ledger 40

General Ledger CFO Budgeting Accounts Payable 40

Future CFO

AUGUST 1, 2023

This highlights the demand for financial risk management and expense tracking capabilities in financial applications to identify current risks, prioritise profitability, eliminate the paper trail, and reduce administrative effort. This can be time-consuming and lead to errors when handled manually.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

CFO Share

NOVEMBER 3, 2023

As a business grows, so do its financial intricacies. It’s common for many small business owners and finance directors to handle accounts receivable, accounts payable, and other financial tasks themselves in the early days. However, as the business scales, this can become overwhelming.

Invoicing 52

Invoicing Accounts Payable Compliance Financial Analysis 52

PYMNTS

JUNE 21, 2019

new reports from The New Yorker this week dove into how the current CFO of the National Rival Association (NRA) allegedly embezzled funds from his last company, employee benefits consulting firm the Wyatt Company. The report claimed that Phillips ultimately embezzled at least $1 million from the company. In the U.S.,

Accounts Payable 43

Accounts Payable CFO Accounting B2B 43

The Finance Weekly

OCTOBER 13, 2021

Compliance: Abide by laws regarding environmental regulations, financial reporting, etc. In this way, the FC can provide high-detail, granulated financial analysis that can be used by the CFO for broader financial planning. Strategic: Quality of various strategies helping companies reach short and long term goals.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Leverage Communication Strategic Planning 52

The Charity CFO

JANUARY 17, 2022

Your core financial reports, which we’ll look at below, exist to answer this one simple question– how much value has your organization created ? Don't hire the wrong accountant for your nonprofit! The #1 accounting mistake that nonprofits make is hiring the wrong people to help them. Unpaid bills (accounts payable).

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

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

CFO Share

MARCH 23, 2021

Your variable costs, inventory levels, accounts receivable, accounts payable, and many other balance sheet items will likely change as revenue fluctuates. By using formulas to tie these accounts to revenue, they will be responsive to changing business conditions. Create all three financial statements.

Forecasting 52

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

Planful

JANUARY 11, 2022

With cloud-based financial data and nearly unlimited processing power, multiple and complex scenarios can be generated instantly. Luckily, Specialized had implemented Planful for worldwide financial reporting and workforce planning four years earlier. 5 – Open the door for increased diversity.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Reconciliations 40

The Charity CFO

FEBRUARY 25, 2022

For example, you don’t need separate accounts for different types of office supplies (pens, paper, markers). Your financial reports will be organized according to the accounts in your Chart of Accounts. So it will be much easier to make sense of them if you list accounts in a logical order.

Nonprofit 98

Nonprofit Accounting Accounts Payable GAAP 98

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 Simplified

APRIL 8, 2022

Bring Value through CFO Insights. This person learns all the ins and outs of the accounting system and everything else about the business. The office manager controlled the company’s financial operations. She did payroll, accounts payable, invoicing and cash receipts. Financial Reporting.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Reconciliations Forecasting 52

CFO Simplified

APRIL 15, 2022

Bring Value through CFO Insights. Initial Contact – The business owner had used a part-time CFO for many years, but they recently moved on to a full-time position elsewhere. Current financial staff consisted of an accounts payable clerk, an accounts receivable clerk, and an accounting manager.

Profit and Loss 52

Profit and Loss Manufacturing CFO Accounts Payable 52

CFO Simplified

NOVEMBER 28, 2022

The President of CFO Simplified, Larry Chester , shares the importance of inventory value reports with us. . What is the Inventory Value Report? An inventory value report is a financial report that lists the value of a company’s inventory at a specific point in time.

General Ledger 98

General Ledger CFO Accounts Payable Reconciliations 98

The Charity CFO

MAY 18, 2022

Developing key financial policies for endowments , investments , capitalization, operating reserves, internal controls, etc. Reviewing financial statements in detail each month (financial reports reviewed at the finance committee level are generally more detailed than the reports going to the board level.

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. So, why are so many companies relying on them to handle their financial needs? As organizations expand, they will need to rely on more complex reporting functions.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

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. So, why are so many companies relying on them to handle their financial needs? As organizations expand, they will need to rely on more complex reporting functions.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

CFO Simplified

APRIL 22, 2022

The financial reports were no better than with the old software. And, on top of that, even though the balance sheet totals matched the totals in their old system, the numbers didn’t match the subsidiary reports that supported it. The post The Upgrade Challenge appeared first on CFO Simplified.

General Ledger 52

General Ledger Accounts Payable Manufacturing Planning 52

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. And it can perform some actual vs. budget reporting, so it does overlap EPM software in some areas of financial planning and decision making.

Planning 40

Planning General Ledger Accounts Payable Budgeting 40

The Charity CFO

MARCH 2, 2022

Isabel is the Onboarding Specialist at The Charity CFO. She focuses on helping new clients feel more confident about their financial records by re-engineering financial systems and minimizing opportunities for errors. I don’t know if my accounting is bad. I don’t know if my financial reports are inaccurate.

Nonprofit 98

Nonprofit Auditing Reconciliations Accounting 98

https://trustedcfosolutions.com/feed/

FEBRUARY 13, 2023

Without the accurate oversight of revenue, accounts payable, inventory, and billing, a business could go from burgeoning to bust. A controller acts as one of these key players, routinely analyzing and monitoring a company’s financial standing.

Accounts Payable 111

Accounts Payable CFO Accounting Budgeting 111