CFO Share

JUNE 18, 2024

A well-organized COA should include: Revenue broken out by product, service, or channel; costing aligned with revenue categories, proper costing versus expense categories, separate accounts for different business departments, and the use of classes or locations as appropriate. Purchasing – validates accounts payable invoices.

General Ledger 105

General Ledger CFO Accounts Payable Financial Data 105

The Charity CFO

MAY 31, 2022

Even on nonprofit financial committees, some members may be skilled in accounting, others in banking, and others in investing or financial analysis. But if you bring zero experience in accounting or financial management to your organization, that’s okay. Don't hire the wrong accountant for your nonprofit!

Nonprofit 83

Nonprofit Finance Auditing Accounts Payable 83

CFO Talks

MARCH 20, 2024

Key Differences in Everyday Tasks: Reporting: The Controller prepares financial reports; the CFO reviews these reports and uses them to make decisions or plan strategies. Financial Analysis: The CFO decides what financial analysis to do to improve the business and shares these insights with other department heads.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

The Charity CFO

JUNE 7, 2023

This information is crucial for financial planning, budgeting, and identifying potential areas of revenue growth. It enables financial analysis to identify cost-saving opportunities, manage expenses, and ensure efficient resource allocation. accounts payable, loans).

Nonprofit 52

Nonprofit Accounts Payable Budgeting Financial Analysis 52

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

Spreadym

JULY 10, 2023

These entries correct errors, allocate costs, or reclassify transactions to the appropriate accounts. Subsidiary Ledgers and Reconciliations: Subsidiary ledgers, such as accounts receivable and accounts payable, are reconciled to the general ledger to ensure consistency and accuracy.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 52

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