The Charity CFO

APRIL 1, 2025

Its not just about clean books or audit prep. This section focuses on: Approval workflows and disbursement controls Monthly reconciliations and reporting cycles Digital document retention Audit readiness and compliance planning These practices are essential to creating a trustworthy, funder-ready organization.

Nonprofit 89

Nonprofit CFO Leadership Cash Flow Forecasting 89

Future CFO

FEBRUARY 14, 2025

Platforms like Hitachi iQ enable advanced financial modelling and anomaly detection, while automation has reduced the burden of reconciliation and regulatory reporting, allowing teams to focus on strategic decision-making." Regular skills audits can help finance leaders understand where gaps exist," he says.

Cash Flow Forecasting 78

Cash Flow Forecasting Compliance Leverage Reconciliations 78

PYMNTS

MARCH 11, 2020

The reconciliation process is traditionally viewed in the context of financial transactions: Does the value of a company payment match with what the company was billed, and what the company had purchased? Yet the reality is that the reconciliation process is rarely ever straightforward. Beyond Data Matching. Payment Rail Confusion.

Reconciliations 56

Reconciliations Corporate Finance Finance Invoicing 56

PYMNTS

MARCH 10, 2020

Accountant close management software company FloQast has upgraded FloQast AutoRec, the company’s AI-powered solution to account reconciliation, according to a release. . For the unmatched transactions that are left, FloQast helps those get resolved through a standardized Excel account reconciliation, and it has a full audit trail.

Reconciliations 54

Reconciliations Auditing Accounting Leverage 54

The Charity CFO

MAY 12, 2025

The absolute baseline of a nonprofit accounting team should include: An Accounting Associate or Bookkeeper Responsible for accurate, timely transaction entry, reconciliations, and supporting documentation. Theyre the people who spot errors in a sea of numbers and ensure the books are airtight and audit-ready.

Nonprofit 98

Nonprofit Accounting Leadership Reconciliations 98

Future CFO

APRIL 9, 2025

RightRev says financial leaders regularly struggle with non-standard contracts, audit risks, process inefficiencies, and a lack of automation, all of which create friction in properly recognising revenue. Their jobs become more time-consuming due to the manual reconciliation and workarounds necessary to address data discrepancies.

IFRS 52

IFRS Auditing Forecasting Compliance 52

CFO Talks

JUNE 20, 2025

It is known for results, deadlines, reconciliations, and that long, uphill push towards year-end. Every improved margin, every clean audit, every accurate forecast is a chance to reset the narrative—from “we’re in trouble” to “we’re getting there.” What Counts as a Small Win? They reduce uncertainty.

Finance 52

Finance Auditing CFO Reconciliations 52

E78 Partners

JANUARY 5, 2024

Audits are an essential part of ensuring that a company’s financial statements are accurate and compliant with accounting standards. Proper preparation is critical in navigating the post-acquisition audit process smoothly, minimizing disruptions, and providing timely, accurate information to stakeholders.

Auditing 59

Auditing Valuation Concentration Reconciliations 59

The Finance Weekly

NOVEMBER 3, 2021

Account reconciliation is the matching and validating of balances in the general ledger (GL) to internal and external sources or other independent calculations to accurately close month-ends and year-ends. Defining Account Reconciliation The basic steps involved in reconciliation transactions include the following: 1.

Reconciliations 52

Reconciliations Accounting General Ledger (GL) Finance 52

E78 Partners

NOVEMBER 19, 2024

Audit season presents a set of unique challenges for private equity-backed companies, particularly those that must balance the expectations of investors with the demands of compliance. Ensure that impairment analyses are completed according to audit priorities, with asset groupings and forecast data that align with GAAP standards.

Auditing 52

Auditing GAAP Restructuring Compliance 52

E78 Partners

NOVEMBER 19, 2024

Audit season presents a set of unique challenges for private equity-backed companies, particularly those that must balance the expectations of investors with the demands of compliance. Ensure that impairment analyses are completed according to audit priorities, with asset groupings and forecast data that align with GAAP standards.

Auditing 52

Auditing GAAP Restructuring Compliance 52

https://trustedcfosolutions.com/feed/

MARCH 22, 2023

This includes the segregation of duties, approval workflows, and regular audits. Reconciliations — Reconciliations involve comparing your accounts payable ledger to your vendor statements and ensuring they match. With Sage Intacct, you define the invoice workflows and approval thresholds, so nothing falls through the cracks.

Accounts Payable 108

Accounts Payable Accounting Invoicing Reconciliations 108

CFO Talks

APRIL 15, 2025

Reconciliations get done. Teams that are accountable tend to deliver faster closes, more accurate forecasts, and fewer audit findings. Automated workflows, audit trails, and shared dashboards all create transparency. Its easy to think this is already happening. Reports get submitted. They also attract and retain stronger talent.

Accounting 52

Accounting Forecasting Auditing Compliance 52

E78 Partners

SEPTEMBER 21, 2023

Audits, while essential for maintaining the integrity and trustworthiness of an organization’s financial reporting, can be a daunting task. This is not just because of the intricacies and specificities required by the auditing standards but also due to the numerous challenges faced by organizations in the run-up to an audit.

Auditing 52

Auditing General Ledger Reconciliations Accounting Standards 52

CFO Talks

APRIL 10, 2025

If you’re managing a fraud investigation internally, maintain a timeline and audit trail. Are reconciliations documented with sign-offs? They understand that fraud risk isnt a threat to be buried in an audit report. Log who accessed what, when, and why. And remember: the first 24 hours are critical.

Leadership 52

Leadership Auditing CFO Reconciliations 52

PYMNTS

JANUARY 22, 2019

Accounting, consultancy and technology firm Crowe is rolling out a new solution designed for hospitals to automate daily bank reconciliation processes and manage cash flow, the company said in a recent announcement. Hospitals can often struggle to manually reconcile cash flow coming from multiple sources.

Cash Management 73

Cash Management General Ledger Reconciliations Healthcare 73

Future CFO

JUNE 24, 2024

For accountants, Gen AI can help in the reconciliation and in-depth risk assessment with its capability to execute tasks, understand context and patterns and suggest optimal strategies. This will be an ongoing challenge with AI as there should always be a means to review and audit the system and results.

Auditing 111

Auditing Financial Analysis Forecasting Reconciliations 111

E78 Partners

JUNE 26, 2025

automates time-consuming tasks like invoice reconciliation, MACD processing, dispute tracking, and chargeback reporting. Designed to be intuitive and actionable, CAP A.I. Smart Automation, Strategic Outcomes The power of CAP A.I. lies in how it blends technology with expert insight. Automated Processes That Lighten the Load CAP A.I.

Finance 52

Finance Invoicing Reconciliations Prioritization 52

CFO Talks

MARCH 25, 2025

Think of automated exception reports, audit trails, or simple dashboards that flag mismatches between systems. Heres what this looks like in the real world: Month-end close that runs smoothly because reconciliations are automated and flagged issues are dealt with daily, not at the eleventh hour. Detective Controls: Spot issues early.

CFO 52

CFO Reconciliations Finance Auditing 52

Bramasol

AUGUST 31, 2023

Streamlined Reconciliation - The revenue recognition process is fully integrated into the Universal Journal. In addition, this internal reconciliation process can feed into other external enterprise level reconciliation processes, such as Blackline, if appropriate.

SAP 94

SAP Accounting Reconciliations General Ledger 94

PYMNTS

SEPTEMBER 16, 2020

And anomaly detection and streamlined bank reconciliation will be available. One of the most exciting features within Acumatica Advanced Expense Management is its ability to detect corporate card use activities and remind the user to capture images of physical receipts for auditing and compliance purposes," she said, according to the release.

Reconciliations 76

Reconciliations Auditing Compliance Banking 76

CFO Talks

OCTOBER 3, 2024

Regular Reconciliations : Perform surprise cash counts and inventory checks and reconcile sales and deposit records frequently. Actionable Preventive Steps: Establish Strong Governance : Set up an independent audit committee to oversee financial reporting and ensure that internal audits are performed regularly.

Invoicing 98

Invoicing Auditing Benchmarking Reconciliations 98

PYMNTS

AUGUST 16, 2020

the newest update to its software, to help companies with faster account reconciliation, artificial intelligence, systems integration and more, a press release says. All of it will aid companies in reducing time spent on task management and audit preparation, which will help eliminate the risk of making mistakes in that area.

Accounting 67

Accounting Reconciliations Auditing Financial Reporting 67

Centage

SEPTEMBER 6, 2022

Excel does not have audit trail capabilities, so it is difficult to prevent fraud as numbers, and other financial data can easily be changed by any user. Without separation of duties or an audit that can track who has had access to the data, fraud can occur.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

PYMNTS

MARCH 6, 2019

One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management. The audit trail provides transparency, and smart contracts, tied as they are to permissions, help reduce the risk that cash might “accidentally” be sent to the wrong party.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

https://trustedcfosolutions.com/feed/

AUGUST 12, 2022

separate the duties of importing bank transactions from bank reconciliations or establish smart rules to reject input from users who don’t have permission to perform specific tasks. For example, an administrator can.

Compliance 109

Compliance Reconciliations Securities Auditing 109

Trade Credit & Liquidity Management

MAY 29, 2025

This enhanced data quality facilitates easier and more accurate reconciliation of payments with invoices, reducing manual intervention and errors. This collaboration helps avoid discrepancies and audit risks.

Invoicing 52

Invoicing Compliance Cash Flow Forecasting Currencies 52

PYMNTS

JUNE 16, 2020

Optical character recognition] and document management for invoices without both a supplier portal and an integrated, auditable approval process is just another point of potential failure,” Amit said. Manual Reconciliation, Begone. Businesses must establish touchless interactions with suppliers and banks.

Reconciliations 67

Reconciliations Invoicing Accounts Payable Auditing 67

PYMNTS

NOVEMBER 1, 2020

End-of-month expense reports, which the release called "dreaded," can be done away with as paper processes aren't used and reconciliation is always happening as a 24/7 process. And, the release noted, costs can be cut due to automated processing and auditing, which can boost efficiency.

Reconciliations 67

Reconciliations Auditing B2B Economics 67

CFO Talks

SEPTEMBER 5, 2024

Implementing robust security measures, such as encryption, access controls, and regular audits, is essential to protect sensitive financial information. This not only improves efficiency but also empowers your team to focus on more strategic tasks. Automating Processes Automation is a powerful tool in modern FIS design.

IFRS 98

IFRS GAAP Compliance Reconciliations 98

Bramasol

APRIL 15, 2024

Interactive queries, such as identifying potential challenges with upcoming audits Proactive modeling and evaluations, such as impacts of pricing increases or discounts segregated by channels, geographies, etc.

SAP 94

SAP Financial Planning and Analysis (FP&A) Compliance Reconciliations 94

The Charity CFO

MARCH 2, 2022

You used to audit nonprofit organizations back in the day, similar to me, but while I was the CFO of a nonprofit, you were my auditor. Um, so that we can ensure we get through audits and then just kind of balancing all of those things together. And comparing things to the audit is always the first step that I take.

Nonprofit 89

Nonprofit Auditing Reconciliations Accounting 89

PYMNTS

NOVEMBER 20, 2020

While expanding internationally is the easy part, the challenge often comes in the back-office financials like invoicing , cross-border payments, accounting and reconciliation. Come auditing and tax time, maintaining compliance with all of the varying local regulations across different geographies adds an extra layer of complexity.

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Foreign Exchange Reconciliations Currencies 61

The Charity CFO

JANUARY 19, 2023

The goal is to create an accurate and comprehensive record of all transactions that can be used for both internal and external reporting, including audits and tax returns. Internal controls are a set of written policies, processes, procedures, and systems of authorization, reconciliation, documentation, security, and separation of duties.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

CFO Strategic Partners

JANUARY 18, 2023

Here’s how we provide value to CPA firms and their clients: Experienced CFO and controller-level support during the CPA firms’ audits and reviews Ability to cover interim absences and turnover, or additional support on a project basis Assist clients with getting their books, reconciliations and schedules audit-ready Relieves CPA firms of work their (..)

CFO 52

CFO Auditing Nonprofit Reconciliations 52

https://trustedcfosolutions.com/feed/

APRIL 5, 2023

Allows user-defined workflows to improve efficiency, compliance, and transparency, providing consistent audit trail visibility. Accruals and reversals are automated, and entries are visible at all times, reducing the manual work needed for journal entries and reconciliations. Customize Your Chart of Accounts With Dimensions.

General Ledger 62

General Ledger Reconciliations Accounting Standards Accounting 62

PYMNTS

OCTOBER 15, 2018

Others, like AppZen , are still exploring the use of artificial intelligence (AI) for features like real-time audits. Teampay , meanwhile, recently unveiled a suite of new features aiming to allow companies to view and monitor employee spend from a single platform. Deadlines are a huge issue in video production,” he said. “If

Reconciliations 58

Reconciliations Entertainment Auditing Finance 58