CFO Dive

JULY 24, 2025

By Jim Tyson • June 17, 2025 Latest in Strategy & Operations FASB advances GAAP codification refresh By Maura Webber Sadovi What to know about the $7.25

CFO

CFO Share

AUGUST 5, 2021

The difference between cost of goods sold and ordinary business expenses is well defined in Generally Accepted Accounting Principles (GAAP) but routinely ignored by small business bookkeeping services. Even worse, an IRS income tax return does not follow the same rules as GAAP. Income taxes attributable to the sale of inventory (e.g.

Forecasting

The Charity CFO

JANUARY 17, 2022

However, it can also be cash from sales of products, courses, or subscriptions. Sales of products or services. Accrual accounting is required by Generally Accepted Accounting Principles (GAAP), which means that you’ll need accrual-based reports to complete a nonprofit audit. Grant funds. Management and general expenses.

Nonprofit

VCFO

NOVEMBER 1, 2023

A review of revenue will often involve examining sales performance. By nature, most salespeople will do exactly what they are incentivized to do (which is why a well-designed sales compensation plan is so important). Year-end sales or special offers to past customers for that product might do the trick.

Finance

Bramasol

JULY 26, 2024

Bundling Subscriptions with Equipment Sales or Leasing: We are a lessor of equipment that also offers subscriptions for usage and consumables. GAAP, IFRS) for various countries and ensuring accuracy in financial reporting can add significant complexity and time to the close process.

SAP

The Charity CFO

JANUARY 31, 2022

But, since auditable nonprofit financial statements, we’ll talk about accrual accounting practices in this article. To comply with Generally Accepted Accounting Principles (GAAP), you must separate your revenue into at least 2 categories: Restricted Revenue shows funds with donor-placed restrictions on how or when you can spend the money.

Nonprofit

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. Many nonprofits have earned revenue streams, like membership subscriptions, tuition fees, course enrollments, or sales at company stores.

Nonprofit

PYMNTS

DECEMBER 10, 2016

The internal audit had two major and disturbing reveals. Employees at Lending Club were discovered to have allowed this sale, even though they knew the sale did not meet the terms of what the investors expected. In that instance, it is not clear if Laplanche had direct knowledge of the sale or compliance violations.

GAAP

CFO Share

MARCH 14, 2022

Sellers order a Quality of Earnings report before soliciting buyers to uncover any problems that might disrupt the sale. In either case, the additional perspective enables you to remedy any pitfalls ahead of the sale. What is the difference between a quality of earnings report and an audit? Buy-Side Quality of Earning Report.

Auditing

Cube Software

MAY 11, 2023

The answers—based on different sources of data like market research or historical sales information—guide internal decision-making to promote regular, sustainable growth as well as create contingency plans for worst-case or best-case scenarios. While GAAP statements are required for public companies, pro forma financials are not.

GAAP

Cube Software

MAY 10, 2023

The income statement includes all revenues from sales and services, minus all costs associated with providing those goods or services—such as cost of goods sold (COGS), depreciation and amortization, salaries, taxes, etc. An income statement, also called a Profit and Loss statement (or P&L) records revenue and expenses over time.

GAAP

BlueLight

JULY 30, 2020

It can process the data of sales, customer relations, marketing, and human resources. 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. Application Access? —?NetSuite

CFO

The CFO College

FEBRUARY 19, 2021

By leading your initial phone calls and meetings, you also avoid a drawn-out sales cycle. Do you report sales tax? It also has the potential to earn you the respect of the business owners, as they could see you from the outset as an esteemed partner and resource, not as an employee. You set the stage for an expedited answer.

Communication

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. You’ll also want to grow your niche knowledge, if you practice within one. Become an Active Part of a Network of Experts.

CFO

Onplan

NOVEMBER 30, 2022

This includes integrations with systems like Salesforce, QuickBooks, NetSuite, Xero, and Sage so you can analyze and use all your data—including, HR, sales, and CRM—in one place. In addition to offering financial and sales planning solutions, Workday Adaptive also caters to workforce and operational planning needs.

Financial Planning and Analysis (FP&A)

Bramasol

APRIL 7, 2025

Delivering Consumer Services: Customer Data Centralization: With SAP cloud-based ERP, telcos can integrate customer data across all touchpoints (sales, service, billing), enabling a 360-degree view of each customer. IFRS or GAAP) becomes easier, and financial data can be tracked and reported in real-time.

SAP