Auditing, Budgeting and Strategic Planning

Budget Tracking for Nonprofits

The Charity CFO

FEBRUARY 27, 2024

Budget tracking is the process of monitoring your nonprofit’s income and expenses to ensure they stay within your planned budget. Effective budget tracking is essential to financial transparency, efficient resource allocation, and strategic planning for your nonprofit.

Nonprofit

Nonprofit Budgeting Profit and Loss CFO

From Controller to CFO: What Changes?

CFO Talks

MARCH 20, 2024

It’s about making plans for the company’s financial future and finding ways to make the business better. Example: When it’s time for an audit, the Controller is hands-on, working directly with the auditors, showing them the books, and explaining the details. Budgeting: The Controller gathers info and puts the budget together.

CFO

CFO Accounts Payable Financial Analysis Auditing

12 Best Paying Jobs in Finance in 2023

CFO News Room

DECEMBER 16, 2022

The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management. This includes preparing financial statements, maintaining ledgers, and overseeing budgeting. Budget Analyst. Investment Banker.

Finance

Finance Budgeting Compliance Financial Analyst

Webinars

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

MORE WEBINARS

Lee Ann James Joins vcfo Houston Team

VCFO

FEBRUARY 15, 2023

She is highly effective at executing finance function strategically, establishing financial and risk controls, and overseeing capital structure. Lee Ann’s depth and breadth of expertise includes board reporting, audit preparation, business plan development, market research and analysis, risk management, and capital requirements.

Auditing

Auditing CFO Risk Management Budgeting

Nonprofit Accounting Services: The Right Solution

The Charity CFO

NOVEMBER 10, 2022

As a result, the organization might not adhere to Generally Accepted Accounting Principles (GAAP), which can trip them up come tax time or during an audit. This mitigates penalties, late filings, audits, and fraud (all too common in the nonprofit sector). Prepare for and manage an annual audit. Boosts donor confidence.

Nonprofit

Nonprofit Accounting Auditing GAAP

Job Description For Nonprofit Finance Director

The Charity CFO

NOVEMBER 23, 2022

They create and maintain financial records, prepare financial reports, and oversee the organization’s budget. This background helps them provide oversight for and manage all forecasts, budgets, and investments for the organization. Strategic Thinking. They are responsible for the financial health of the organization.

Nonprofit

Nonprofit Finance Strategic Planning Budgeting

Where Can FP&A Career Path Take You?

Fpanda Club

SEPTEMBER 2, 2021

The list of typical FP&A activities usually includes planning, budgeting, forecasting, analysis, management reporting and performance management. Planning relates to determining the company’s short-term (1-year) and long-term (3-5 years) objectives. This process usually occurs once a year and lasts several months.

Financial Planning and Analysis (FP&A)

Financial Planning and Analysis (FP&A) Corporate Finance Communication Budgeting

Financial Accounting Hierarchy - By JP Puchulu

Boston Startup CFO

APRIL 3, 2023

Additionally, you open yourself up to compliance and audit issues, and you’ll potentially decrease your chances of securing funding and financing. Robust contingency plans and proactive risk management strategies help organizations navigate unforeseen disruptions and maintain operational resilience.

Accounting

Accounting Accounting Principles GAAP Compliance

Finance vs. Accounting

CFO Simplified

DECEMBER 12, 2021

Growth planning . Budgeting and forecasting. Preparation for annual audits. Finance is strategic, accounting is tactical. A team member in the finance department addresses how a business manages their money, from: Investing and borrowing. Cash flow forecasting. Guiding corporate strategy. Fraud detection and prevention.

Accounting

Accounting Finance Cash Flow Forecasting CFO

Beyond the Basics: 7 Key Focus Areas for New CFOs

CFO Talks

MARCH 14, 2024

They play a crucial role in strategic planning, risk management, and driving innovation, extending their influence far beyond the finance department. This might involve setting aside a portion of the budget specifically for new projects or technologies, even if they carry a higher risk profile.

Prioritization

Prioritization CFO Leverage Risk Management

Best Practices from the CFO Suite

BlueLight

JULY 30, 2020

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.” Security and Audit ?—?NetSuite Their value is in strategic planning.

CFO

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

Keep Proprietary Processes Secret

CFO Simplified

APRIL 15, 2022

The non-standard reporting creates minor issues with annual bank audits. The company has never created a budget for planning purposes. Prepare a budget for the coming year for each company. Recommendation.

Manufacturing

Manufacturing General Ledger Budgeting CFO

Elevating tomorrow’s finance leaders today

Future CFO

AUGUST 30, 2021

According to Payscale.com , skills such as leadership, and financial reporting and strategic planning, won’t elevate your take-home pay much. These days, strong computer skills, as are advanced knowledge of accounting, budgeting, and finances. What makes for a sought-after chief finance professional (CFO)?

Financial Planning and Analysis (FP&A)

Financial Planning and Analysis (FP&A) Finance CFO Problem Solving

3 areas to focus on as a SaaS finance leader

Onplan

DECEMBER 16, 2021

The FP&A function is responsible for many vital, big picture tasks that can help a company make the right decision, including: Financial statement forecasting Analyzing churn, retention, and bookings Pointing out risks, opportunities, and key business drivers to influence decision-making Cash forecasts Guiding the annual budgeting process.

Financial Planning and Analysis (FP&A)

Financial Planning and Analysis (FP&A) Finance CFO Forecasting

3 areas to focus on as a SaaS finance leader

Onplan

DECEMBER 16, 2021

The FP&A function is responsible for many vital, big picture tasks that can help a company make the right decision, including: Financial statement forecasting Analyzing churn, retention, and bookings Pointing out risks, opportunities, and key business drivers to influence decision-making Cash forecasts Guiding the annual budgeting process.

Financial Planning and Analysis (FP&A)

Financial Planning and Analysis (FP&A) Finance CFO Forecasting

Why Excel Spreadsheets Are Not Meant for Business Budgeting

Centage

JULY 25, 2023

Though some businesses rely on Excel for budgeting and financial management needs, the software has some notable disadvantages that may make it a less-than-optimal solution for your business. If a member of your team accidentally enters inaccurate data, this could throw off your company’s entire budget.

Budgeting

Budgeting Financial Planning and Analysis (FP&A) General Ledger Forecasting

Engaging an Outsourced CFO – Ten Things to Consider

VCFO

MARCH 31, 2022

Document in writing the expectations and budget for delivery. Ensure there is clarity on the nature of the relationship (contractor versus employee) so you do not find yourself responsible for employment taxes in a later audit. Write it Down. Ask them what type of insurance they provide.

CFO

CFO Communication Auditing Budgeting

Strategic Finance Focus at Year-End

VCFO

NOVEMBER 1, 2023

Alternatively, if expenses are running over budget, are there line items that can be cut or deferred to pull overall expenses back in line with budget? Tax Planning is Beneficial and Essential A wise person once said that failing to plan is planning to fail. audited or reviewed financial statements).

Finance

Finance Strategic Planning Auditing CFO

The 5 Best Corporate Performance Management Software

Spreadym

SEPTEMBER 27, 2023

Spreadym offers a wide range of analysis tools, like plan vs. actual analysis, financial consolidation, budgeting, forecasting and a variety of stored versions of a document. Oracle Hyperion Planning: Oracle's CPM software is known for its robust financial planning and budgeting capabilities.

SAP

SAP Budgeting Forecasting Auditing

The 3 Jobs Your Startup Should Outsource

Boston Startup CFO

OCTOBER 29, 2012

Depending on your needs, a consulting CFO may be able to help with financial projections, cash forecasts, operating budgets, financial plans, pricing, reporting, debt management, M&A, equity and debt negotiations and liquidations. Overall, CFOs help you with business planning, providing your business plan with essential rigor.

Startups

Startups Mergers and Acquisitions (M&A) CFO GAAP

How to put finance business partnering puzzle together?

Fpanda Club

FEBRUARY 5, 2024

Moreover, over 30% of finance leaders still do not have a seat at the table during strategic planning discussions. Monthly closing, reporting, compliance and support in audit are among the most frequent responsibilities mentioned in the descriptions. Literally almost everything but finance business partnering.

Finance

Finance Analyzing Data Benchmarking Communication

Two CFO-Level Accounting Tools to Add Value to Your Accounting Services

The CFO College

JUNE 3, 2021

Acquiring these advanced types of services, like setting up a permanent audit trail, rolling cash forecast, month-end reporting, and strategic planning, is the secret sauce your potential client needs to know how their money flows in and out of their company (and what their financial future will look like).

Accounting

Accounting CFO Auditing General Ledger

216: Farhaan Moolla: Innovative Leadership: The Journey of a modern and dynamic CFO

CFO Talks

FEBRUARY 20, 2024

Farhaan Moolla: Innovative Leadership: The Journey of a modern and dynamic CFO Written by: Staff writer In this podcast Farhaan Moolla, a seasoned CFO with a notable career in financial leadership and strategic planning, shared his journey, beginning with his entrepreneurial family background. And as I said, he’s a qualified CA.

CFO

CFO Leadership Accounting Finance

Corporate Finance Brief

Budget Tracking for Nonprofits

From Controller to CFO: What Changes?

Webinars

Trending Sources

12 Best Paying Jobs in Finance in 2023

Webinars

Lee Ann James Joins vcfo Houston Team

Nonprofit Accounting Services: The Right Solution

Job Description For Nonprofit Finance Director

Where Can FP&A Career Path Take You?

Financial Accounting Hierarchy - By JP Puchulu

Finance vs. Accounting

Beyond the Basics: 7 Key Focus Areas for New CFOs

Best Practices from the CFO Suite

Keep Proprietary Processes Secret

Elevating tomorrow’s finance leaders today

3 areas to focus on as a SaaS finance leader

3 areas to focus on as a SaaS finance leader

Why Excel Spreadsheets Are Not Meant for Business Budgeting

Engaging an Outsourced CFO – Ten Things to Consider

Strategic Finance Focus at Year-End

The 5 Best Corporate Performance Management Software

The 3 Jobs Your Startup Should Outsource

How to put finance business partnering puzzle together?

Two CFO-Level Accounting Tools to Add Value to Your Accounting Services

216: Farhaan Moolla: Innovative Leadership: The Journey of a modern and dynamic CFO

Stay Connected