PYMNTS

JANUARY 26, 2018

Corporate accounting software is now a continually evolving space, but progress doesn’t occur in a vacuum: External forces and trends, from changing regulations to increased adoption of FinTech by the enterprise, force businesses to adjust how they record and report financial data.

General Ledger

Boston Startup CFO

APRIL 12, 2024

Through meticulous analysis of your historical financial data and current business operations, we will develop accurate and reliable cash flow projections, enabling you to make informed decisions, anticipate potential cash shortfalls, and implement effective strategies to maintain optimal liquidity and financial stability for your business.

Planning

Spreadym

SEPTEMBER 19, 2023

They serve as a benchmark against which actual performance is measured, and any deviations from the budget may require approval or justification. Driver-Based Budgeting: Identify key drivers or variables that significantly impact your business's financial performance, such as sales volume, customer acquisition, or production output.

Forecasting

The Finance Weekly

NOVEMBER 27, 2023

This measure aids in predicting future profits and establishing profitability goals and benchmarks. Accounts Receivable Turnover Ratio Your accounts receivable turnover ratio indicates how efficiently you collect cash from credit sales. Calculation: Net credit sales ÷ average accounts receivable = Accounts Receivable Turnover Ratio 5.

Budgeting

Spreadym

AUGUST 17, 2023

A financial reporting dashboard is a visual representation of financial data and key performance indicators (KPIs) presented in a consolidated and easily digestible format. This allows for a personalized view of the financial data. Organize the dashboard into sections or tabs for different financial areas (e.g.,

Financial Reporting

CFO Talks

SEPTEMBER 18, 2024

Regularly review your working capital metrics and establish benchmarks to ensure improvement. Set targets for your days sales outstanding (DSO) and days inventory outstanding (DIO) to better manage your cash cycle. Payables Management: Delay payments without damaging supplier relationships.

Auditing

Spreadym

JUNE 27, 2023

Budgeting involves allocating resources and setting financial targets for various departments or business units within the organization. Financial Analysis: FP&A professionals conduct in-depth analysis of financial data to assess the organization's performance and identify areas for improvement.

Financial Planning and Analysis (FP&A)

Collectiv

JUNE 13, 2023

Using Power BI for nonprofit data enables you to visualize financial data, customize reports for different audiences, and distribute them automatically. Connect Initiatives to Impact 75% of donors want to see data about a nonprofit’s impact before donating.

Nonprofit

Spreadym

JUNE 13, 2023

Recording Transactions: When a financial transaction occurs, such as a sale, purchase, or expense, it is recorded in the appropriate account within the chart of accounts. Financial Reporting: The chart of accounts serves as the basis for generating financial statements and reports.

Accounting

Spreadym

JUNE 8, 2023

A plan typically covers a longer time horizon, such as three to five years, and encompasses various aspects of the business, including sales, marketing, operations, and human resources. Budgeting and Financial Controls: Create a budget that aligns with the financial goals and strategies.

Forecasting

CFO News Room

DECEMBER 26, 2022

10 Key Performance Indicators For Financial Advisory Firms To Compare With Industry Benchmarking Studies – Industry benchmarking studies can be a valuable tool for advisory firm owners to make better business decisions. Sales & Marketing.

Planning

Barry Ritholtz

MAY 21, 2024

Yeah, so I think when, when you look at, I mean, one of the things that we’ve started looking at is just like kind of non-financial data. So, you know, not fundamental data. So yeah, I could tell you’re like, you’re like, we, is the jury still out on that or how are you playing with non-financial data?

Finance

PYMNTS

DECEMBER 30, 2016

The benchmark Dow is, of course, within striking distance of the 20,000-point level. At the latter, HEI Hotels got hit and inadvertently gave up credit card and other financial data. Sham accounts, sham payments, sham activities — all in the name of meeting sales-driven quotas. Bank Stocks. bourses to record levels?

Benchmarking