The Charity CFO

JANUARY 13, 2022

Prepare financial statements per Generally Accepted Accounting Principles (GAAP). Submit to an annual audit. For the purposes of GAAP, donations of goods and services are valid revenue. Typically, they’d use their standard hourly rate and the total number of volunteer hours spent on your organization. .

Nonprofit 98

Nonprofit Accounting GAAP Accounting Principles 98

The Charity CFO

MAY 2, 2022

The IRS has different reporting requirements than GAAP, so the balance sheet section of your 990 may not match your audited financial statements. Beyond the numbers, Part III is the perfect place for you to showcase your story. How do you spend your money?

Nonprofit 105

Nonprofit GAAP CFO Accounting 105

CFO News Room

NOVEMBER 2, 2022

It should also be noted that, at least for state-registered advisers, financial statements must typically be prepared in accordance with GAAP. RIA Fee Itemization And Surprise Custody Audits. if a related person of the adviser engages in one of the enumerated activities).

Compliance 130

Compliance GAAP Investments Advertising 130

The Charity CFO

FEBRUARY 4, 2022

Nonprofits must maintain thorough and accurate financial records to comply with both Generally Accepted Accounting Principles ( GAAP ) and maintain their tax-exempt status with the IRS. With our nonprofit bookkeeping and accounting services, we’ll ensure your books are always audit-ready. Recording & Allocating Expenses.

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

Planful

JANUARY 19, 2016

Half of the time the numbers were unreadable, so we had to confirm them via phone. Then we would key the numbers into a spreadsheet and perform the currency translations there. (I It’s More Than Just Rolling-Up Numbers. Ensuring adequate audit trails for internal and external auditors. Yes, remember Fax machines ?)

IFRS 40

IFRS GAAP Reconciliations Auditing 40

Planful

JULY 27, 2016

Not being compliant with US GAAP or IFRS. Lack of controls and audit trails. Time-consuming and costly audit process. The good news here is that cloud-based solutions have been available for a number of years, and many now offer the same capabilities as on-premises solutions. Improve audit trails, reduce audit costs.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Planning Value-Added Analysis Budgeting 40

Planful

AUGUST 1, 2017

You’re preparing for an IPO or external audit, which requires having rock-solid financial statements. Consolidating financial results might sound easy on the surface, but it’s more than just adding up numbers. Multi-GAAP reporting (i.e., US GAAP, Canadian GAAP, IFRS, etc.). Intercompany reconciliations.

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 40

Planful

JUNE 22, 2017

GAAP or International Financial Reporting Standards (IFRS). Financial Consolidation is More Than Just Adding Up Numbers. To those who aren’t familiar, financial consolidation might sound like simply adding up numbers from a group of companies—but it’s more than this. Reporting results to internal and external stakeholders.

Accounting 40

Accounting General Ledger IFRS GAAP 40

PYMNTS

DECEMBER 10, 2016

And while any number of investors stood at the ready to throw literal piles of cash at the next big thing in consumer credit, there were some nagging doubters that wondered if Lending Club might be luckier than it was strategically brilliant. “It The internal audit had two major and disturbing reveals.

GAAP 73

GAAP Compliance Valuation Auditing 73

Planful

SEPTEMBER 5, 2019

Think about your current reporting process and start counting the number of ways you could improve upon it. Planful gives you a robust library of report templates to build the foundation of GAAP and IFRS-compliant balance sheets, income statements, statements of cash flow, and other financial and statutory reports. Edwards Deming.

Financial Reporting 40

Financial Reporting IFRS GAAP Auditing 40

The CFO College

FEBRUARY 19, 2021

Consider multiple variables including forward revenues, number of entities, number of employees, number of verticals, and complexity of work, and then set your price high enough to ensure you make a good return on your efforts and can hire help in the future if the need arises. Don’t charge hourly for your services.

Communication 52

Communication CFO GAAP Accounting 52

Boston Startup CFO

OCTOBER 13, 2015

The accounting manager recommended that we audit our books, which seemed like a good idea, especially since we had been having conversations about getting acquired. They do not sit in their office only crunching numbers; they should have a feel for where those numbers come from. Do You Need a CFO?

CFO 52

CFO Tax Planning GAAP Budgeting 52

The CFO College

APRIL 8, 2021

You’ll really want to delve into the pain points of business owners (saving money, reducing tax burden, and increasing bottom line), tax opportunities and planning, and GAAP accounting and solutions. For us numbers people, one of the hardest things can be getting out in front of a CEO and talking yourself up enough to land a new client.

CFO 52

CFO Benchmarking Accounting Tax Planning 52

BlueLight

JULY 30, 2020

Pre Series B, it’s a part-time role to simply track past financial numbers. Security and Audit ?—?NetSuite NetSuite role-based permission can be very granular and includes audit trails illustrating who made field level changes including before and after data element changes. Edited for readability. Application Access? —?NetSuite

CFO 52

CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 52

Onplan

NOVEMBER 30, 2022

Despite its extensive number of integrations, Adaptive has seen users complain that ERP integrations tend to break and require a long time and multiple support interventions to repair. Automated reporting also enforces compliance with GAAP and IFRS standards. It also offers convenient multi-currency management.

Financial Planning and Analysis (FP&A) 52

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