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The Key Differences Between a Controller and a CFO in Small Businesses

CFO Share

When building your back office, you may consider whether you need a financial controller or a CFO. The skills and responsibilities of these roles overlap, and to make matters more confusing, an underqualified CFO (yes, there are plenty out there) will perform similar to or worse than an excellent controller.

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Multi-Location Restaurants And Franchises – The Best Cloud Accounting Solution

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These filters will give you insight into how each food and beverage category is behaving compared to budget or a prior period. You can also set spending limits to ensure your costs stay within budget. . We have your next CFO. . You can create custom filters to get granular data into your COGS. Are our costs too high?

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Advanced Bookkeeping Techniques for Growing Businesses

CFO Share

This practice reduces clutter in your general ledger and minimizes the risk of errors. Strategically assess your software stack and determine which details belong in the general ledger and which should be managed by other systems. This is where a fractional CFO can be invaluable.

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Transforming budgeting through automation

Future CFO

Automation and data integration undeniably pose a huge potential in transforming budgeting among organisations. In a guide published by Vena Solutions , they enumerated several pointers as to how technological advancements can bring change to the budgeting process and the value of an organisation's budget entirely.

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The Difference between a Bookkeeper, an Accountant, and a CFO

The Charity CFO

Common nonprofit bookkeeping tasks include: Recording donations Entering accounts payable and receivable Organizing and reviewing bank statements Maintaining the general ledger These everyday financial duties help bookkeepers provide a clear and up-to-date picture of the nonprofit’s financial status.

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How to Calculate Your Profitability: A Case Study

CFO Simplified

This CFO Simplified client watched profitability slowly disappear—until they incurred a $125,000 loss. Manufacturing variances were caused by a variety of factors, but the summary general ledger (GL) postings didn’t provide an answer. . A CFO can help ensure your business’ profitability is at its best. The Problem.

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Sage Intacct Accounting Dimensions: What is It and How Can It Improve My Business?

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To get specific, we’ll cover the following topics: A History of the General Ledger. General Ledger’s History. Below are five of the most important: You can budget dimensions. Dimensions are available in general ledger transactions and operational transactions.