The Charity CFO

JANUARY 21, 2022

Both Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) 116/117 require at least a minimum level of fund reporting, so you’ll need it in order to pass an audit. And the more transparent your accounting system is, the more accountable you’ll be with the public and GAAP.

Nonprofit 93

Nonprofit Accounting GAAP Accounting Principles 93

The Charity CFO

OCTOBER 9, 2024

individual and corporation connections), history, donor intent, or soft credits Accounting software tracks financial transactions with strict adherence to GAAP Integrating two systems with fundamentally different data priorities can risk data inconsistencies, inaccuracies, and loss of information. Contact us today to learn more!

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

Boston Startup CFO

OCTOBER 13, 2015

Company founders and CEOs are rarely equipped to handle financing strategies, budgets and dealing with investors. Attributes of a Great CFO. I turned to a headhunter and over the next four months we canvassed many resumes and finally found an amazing CFO with the experiences we needed for our growing company. Do You Need a CFO?

CFO 52

CFO Tax Planning GAAP Accounting 52

Future CFO

DECEMBER 31, 2021

According to Gartner , finance leaders anticipate a greater percentage of their time will be spent in improving flexibility of budgeting & forecasting (58%), closely followed by developing digital skills (56%) and redefining employee value proposition in hybrid environments. CFOs are the logical candidate to lead the ESG initiative.

Leadership 98

Leadership Finance GAAP Forecasting 98

VCFO

NOVEMBER 1, 2023

Alternatively, if expenses are running over budget, are there line items that can be cut or deferred to pull overall expenses back in line with budget? Therefore, it is important that the planning is not done by the CEO and CFO in isolation, but that management is fully engaged.

Finance 88

Finance Strategic Planning Auditing CFO 88

BlueLight

MAY 1, 2020

Traditionally, the chief financial officer (CFO) is responsible for tracking the company’s past and present financial situation and ensuring on-time and accurate financial reporting. Today, the CFO is expected to inform strategic decisions that drive the success of the company. The CFO takes on the responsibility of FP&A.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) CFO Strategic Planning Startups 52

BlueLight

JULY 30, 2020

The financial implication of these decision is critical and the CFO is the executive helping the CEO navigate these decisions. Historically, the CFO role was focused on backward looking information: ensuring on-time and accurate financial reporting. Their titles include CEO, CTO, COO, CFO, and VP of Finance of venture-backed startups.

CFO 52

CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 52

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. Determine budgets and wages. At The Charity CFO, we handle the books and all of your accounting needs. Bookkeepers do not…. Get the free guide!

Nonprofit 85

Nonprofit Invoicing General Ledger Accounting 85

The CFO College

JUNE 3, 2021

Increase Your Value and Boost Your Services with Two CFO-Level Accounting Tools. Simply by implementing a few CFO-level skills and tactics (and learning how to prove our value to potential clients), you can position yourself as someone your clients instinctively turn to as they navigate the sometimes turbulent waters of running a business.

Accounting 52

Accounting CFO Auditing General Ledger 52

Centage

DECEMBER 21, 2023

Russell Taylor, Controller, Mountain View Hospital Centage saves our users hours (if not days) in budget and forecast creation, thanks in large part to our unique formula-free FP&A design. My first year here the budget was a chaotic collection of Excel spreadsheets that were emailed around, and lost version control with each hop.

Budgeting 52

Budgeting GAAP Forecasting CFO 52

The Charity CFO

JULY 12, 2024

Additionally, the cash-basis method can make accurate forecasting and budgeting difficult. The reality is somewhere in the middle, but the organization may be tempted to under budget for the first quarter and over budget for the second. Say a nonprofit hosts a large fundraising event in the second quarter. Get the free guide!

Nonprofit 52

Nonprofit Accounting Budgeting GAAP 52

The Charity CFO

FEBRUARY 2, 2022

Programming report: overview of functions, mission, and budget. If your organization falls into the $50,000-$200,000 range but must complete an annual audit for funding or GAAP purposes, it is wise to skip Form 990-EZ and head straight to the full form. . appeared first on The Charity CFO. Every single day. Get the free guide!

Nonprofit 88

Nonprofit Profit and Loss Accounting Auditing 88

The Charity CFO

JANUARY 5, 2023

When creating your fiscal policy, ensure that it complies with the Generally Accepted Accounting Principles (GAAP). A Nonprofit Budget. A nonprofit budget is a planning document that helps predict expenses, allocate resources, and monitor ongoing operations throughout the year. Bring GAAP compliance. Interdependence.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

Boston Startup CFO

OCTOBER 29, 2012

CFO: If your company has closed a seed round of funding or is earning more than $250K per year, you need a CFO to handle your financial strategy and run your accounting team. Even if you’re not yet funded or earning significant revenue, you may still be in need of CFO services.

Startups 52

Startups Mergers and Acquisitions (M&A) GAAP Accounting Principles 52

Future CFO

APRIL 18, 2022

It also helps finance teams deliver financial results, create informative financial and management reports, and provide the chief financial officer (CFO) with an enterprise view of key financial ratios and metrics. It enables finance teams to automate and accelerate the financial close with minimal IT support. DOWNLOAD NOW.

Finance 52

Finance IFRS GAAP Accounting Principles 52

The Charity CFO

APRIL 13, 2023

This is why at The Charity CFO , we strive to provide relevant resources and support to ensure that your organization runs smoothly and efficiently. Accounting Standards In the United States, all organizations must adhere to the Generally Accepted Accounting Principles (GAAP). Taxes Yes, taxes.

Nonprofit 52

Nonprofit Accounting Standards Compliance Budgeting 52

The Charity CFO

AUGUST 15, 2023

Myth #3: Nonprofit Accounting (GAAP) and the IRS Rules are the Same Another common misconception is that GAAP and IRS rules are the same when it comes to nonprofits, however, they are not. Budgeting and Planning Budgeting and planning are two essential aspects of a nonprofit accounting system.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

The Charity CFO

NOVEMBER 10, 2022

As a result, the organization might not adhere to Generally Accepted Accounting Principles (GAAP), which can trip them up come tax time or during an audit. This requires deliberate financial planning, budgeting, and bookkeeping that may be impossible for someone without experience in the nonprofit sector to understand.

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

Spreadym

AUGUST 10, 2023

Report Generation: The ability to create a wide range of financial reports, such as income statements, balance sheets, cash flow statements, budget vs. actual reports, and more. Affordability: QuickBooks offers different pricing tiers, including options for small businesses with tighter budgets.

Financial Reporting 52

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

The Charity CFO

MAY 11, 2023

When utilizing outsourced accounting services, you only pay for the services you need and you may have access to more premium software than you could purchase on your in-house budget. If you’ve decided the outsourced bookkeeping is right for your organization, get in contact with us and see how Charity CFO can help !

Nonprofit 52

Nonprofit Communication Accounting GAAP 52

Boston Startup CFO

APRIL 3, 2023

Familiarity with Generally Accepted Accounting Principles (GAAP) is essential. Incorporating actual vs. budget reporting allows you to closely monitor financial performance, comparing real-time results against initial projections.

Accounting 52

Accounting Accounting Principles GAAP Startups 52

The CFO College

APRIL 8, 2021

At CFO Bookkeeper, we use “VIP” to refer to “Valuable Expert, Instructor, Participant.” Valuable Expert : Becoming a valuable expert can mean expanding your accounting and tax knowledge in your niche, or adding CFO-level services, tools, and skills to serve clients in any industry.

CFO 52

CFO Accounting Benchmarking Tax Planning 52

Onplan

NOVEMBER 30, 2022

Finance professionals and teams today have numerous solutions available to help them plan, budget, forecast, and analyze financial information. OnPlan is an all-in-one FP&A solution that streamlines financial forecasting, budgeting, and workflow management by connecting existing spreadsheets to a robust analytics hub. Key features.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Planning 52

CFO Talks

OCTOBER 1, 2024

This Interview conducted by Leana van der Merwe CBA(SA), CA(SA), a Technical Specialist at the Chartered Institute for Business Accountants (CIBA) and editor of CFO Club, with Dr. Daan Steenkamp, the CEO of Codera Analytics. IFRS, US GAAP). I’d like to shift the focus slightly to our CFO Club members.

Leverage 52

Leverage Investments Economics Accounting 52

CFO Dive

JUNE 16, 2025

Skip to main content Dont miss tomorrows CFO industry news Let CFO Dives free newsletter keep you informed, straight from your inbox. Most importantly, CBAM puts a price on carbon, making it a clear part of the CFO’s mandate. To manage this new financial liability, there are six steps that every CFO should take to prepare.

CFO 253

CFO SAP Compliance Auditing 253