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Accelerating Financial Reporting, From Monthly Reports To Real-Time Analytics

PYMNTS

According to Kurt Rathmann, CEO and founder of SMB accounting firm ScaleFactor , the month-end close may be the traditional way of doing things, but it forces small business owners to examine data that, by the time a financial report is completed, is too old to be of much use. “The news is about 30 days old at best.”

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Tips for Success: The Role of Profitability Analysis and Improving Profit Margins

Centage

In conjunction with your other numbers, your gross profit margin can tell you if your products are profitable enough, if you need to increase sales or if your expenses, like sales costs, are too high. To get this number, subtract your expenses from your revenues to get your net profit.

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Nonprofit Leadership: Using Data for Better Decision-Making

The Charity CFO

In addition to identifying KPIs, you’ll need to establish benchmarks for success. After choosing KPIs and their benchmarks, you can start incorporating data insights into strategic planning. You can use data to help track the outcomes of your programs, such as participant numbers or revenue. Get the free guide!

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Why Financial Forecasting Is More Important Than Your Annual Budget

Centage

If your board asked you to run new numbers based on fresh assumptions, it took you days or weeks to create a new set of reports. But times have changed – which is why financial forecasting is more important than your annual budget. Finance at the Speed of Business. Watch Demo.

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All about the chart of accounts

Spreadym

It serves as a framework for organizing and classifying financial transactions, providing a standardized structure for recording and reporting financial information. In the chart of accounts, each account is assigned a unique code or number and is categorized into various groups or categories.

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Tips for Success: The Role of Profitability Analysis and Improving Profit Margins

Centage

In conjunction with your other numbers, your gross profit margin can tell you if your products are profitable enough, if you need to increase sales or if your expenses, like sales costs, are too high. To get this number, subtract your expenses from your revenues to get your net profit.

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Turning challenges into opportunities: being a financial controller in 2024

Future CFO

As the person responsible for preparing an organisation’s financial reports, which include balance sheets and income statements, the role of a finance controller is anything but ordinary. A controller is a pivotal role in the organisation which allows one to showcase both technical and soft skills,” Geronimo says. “Due