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What is Account Reconciliation?

The Finance Weekly

Sure, it may not be the most glamorous part of finance, but it’s undeniably one of the most important. The idea is to compare two sets of records—your internal records (like your company’s general ledger) and external ones (like bank statements or vendor invoices). This creates an audit trail and ensures transparency.

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1047: Balancing Risk and Opportunity in a Changing Finance Landscape | John Gronen, CFO, Yooz

CFO Thought Leader

At the time, Gronen was vice president of finance, responsible for assessing acquisitions and analyzing their outcomes. The company operated two businesses: one generating about $30 million in EBITDA, while the other incurred annual losses of roughly $10 million. Gronen: Yooz is an AP (accounts payable) automation and payments company.

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Nonprofit Audit Checklist (+ Free PDF Download)

The Charity CFO

Many nonprofit organizations both large and small need to undergo a financial statement audit every year. Preparing for a nonprofit audit can be overwhelming and anxiety-filled, especially if it’s your first audit or you don’t have a strong and experienced financial team. What is a financial statement audit?

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PodChats for FutureCFO: The continuing transformation of finance reporting

Future CFO

Technology has made financial reporting easy for everyone involved in the process, from the finance and accounts team preparing reports to the regulators, investors, and others who use those reports. Click on the PodChat player to get Gan's perspective on the continuing transformation of finance reporting.

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Crowe Launches Cash Management Solution For Hospitals

PYMNTS

Crowe is addressing this friction with the rollout of its Crowe Automated Reconciliation for Healthcare tool, providing hospitals a three-way match solution between their general ledgers, patient accounting systems and banking providers.

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Your Ultimate Finance Department Checklist

CFO Simplified

Your Ultimate Finance Department Checklist (By Business Size). It’s easy to grow without noticing that your finance and accounting department is stretched far too thin. Here’s a guide to set your accounting and finance department up for success as your business grows. Accounting and Finance Department Review and Checklist.

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The Key Differences Between a Controller and a CFO in Small Businesses

CFO Share

They collaborate with executives, investors, and the finance team to manage risk, choose investments, and collaborate on strategic decisions. Fundraising CFOs play a crucial role in raising capital through equity or debt financing. They regularly audit processes to maintain the integrity of financial operations.