CFO Share

OCTOBER 13, 2023

Strategies to consider include: Run a profitable business or raise sufficient equity capital to support losses while growing Avoid excessive debt Optimize revenue (i.e. Operational Efficiency This factor measures the efficacy of a business in converting its investments into profits.

Cash Flow Forecasting 52

Cash Flow Forecasting Profit and Loss Forecasting Startups 52

CFO Share

MARCH 14, 2022

QOE reports go beyond the balance sheet and profit and loss statement – they challenge the underlying data through rigorous testing and management interviews to assess accuracy, and risk. What is the difference between a quality of earnings report and an audit? Reviews of account reconciliations, account aging, and composition.

Auditing 52

Auditing GAAP Accounting Principles Profit and Loss 52

CFO Share

SEPTEMBER 7, 2023

Monthly account reconciliations are commonly only performed on major GLs, like cash and credit cards. That’s not best practice and could create problems during an audit or due diligence. If you miss the 12/31 bonus deadline, you can pay a 401k profit share bonus after year-end and apply it to the prior year. Plan your schedules.

Profit and Loss 40

Profit and Loss Concentration Reconciliations Auditing 40

Spreadym

AUGUST 10, 2023

Audit Trail: A record of changes made to financial data and reports, ensuring transparency and accountability. Predefined Reports: QuickBooks provides a variety of predefined financial reports, such as profit and loss statements, balance sheets, cash flow statements, and more.

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) CFO Accounting Standards 52

The Charity CFO

JANUARY 19, 2023

Nonprofit organizations distinguish themselves from for-profit entities through their purpose and mission. Their mission is usually anchored on a cause or social purpose, not on the generation of profits. Another difference is in fund accounting.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52