The Charity CFO

DECEMBER 27, 2023

As a small nonprofit, it can be difficult to determine what benefits mean the most to your employees, especially if you’re working within a strict budget. However, small nonprofits may not have access to the same resources as for-profit businesses or large nonprofits. Many employers offer a group health plan and an HSA for employees.

Nonprofit 52

Nonprofit Budgeting Profit and Loss Transportation 52

CFO Simplified

APRIL 15, 2022

Unfortunately, financial reporting had been inconsistent, so the owners wanted help putting together a set of financials that the bank would accept. Financial Reporting Inconsistencies. In addition, the projections and budgets for the last few years bore no resemblance to the actual results. Recommendations.

Profit and Loss 52

Profit and Loss Manufacturing General Ledger Accounts Payable 52

The Finance Weekly

MARCH 25, 2024

They also pitch in on major financial moves like mergers and fundraising. They double-check financial reports for accuracy and offer advice to the company leaders and the board. They guide department heads, help with budgeting, and analyze financial data to steer the ship.

CFO 97

CFO Finance Forecasting GAAP 97

Centage

NOVEMBER 22, 2021

Building and managing an effective budget and plan can be daunting no matter what industry, but financial planning for nonprofits can be particularly difficult. Benefits of Budgeting Software for Nonprofits Improved Efficiencies – Retire the spreadsheet already! No programming. No formulas. No links and logic to maintain.

Financial Planning and Analysis (FP&A) 72

Financial Planning and Analysis (FP&A) Nonprofit Planning Finance 72

The Charity CFO

SEPTEMBER 14, 2022

As a result, Congress implemented the UBIT in 1950 to eliminate the unfair advantage tax exemption gave to nonprofits competing against for-profit entities in the same sector. For example, the UBIT prevents an entity such as a church from using its exempt status to open a store purely for profit with no charitable purpose.

Nonprofit 98

Nonprofit Profit and Loss Education CFO 98

CFO Simplified

SEPTEMBER 11, 2023

I think that the Statement of Cash Flows is the disrespected stepsister of financial reporting, much like Cinderella. So, let’s look to see how this Cinderella report can help you plan for and understand your use of cash. By comparison, it’s much like your Profit and Loss statement.

Cash Flow Forecasting 52

Cash Flow Forecasting Forecasting Profit and Loss Financial Reporting 52

The Charity CFO

JANUARY 26, 2023

Start With the Fundamentals of Nonprofit Tax Filing Non-profit organizations operate in many areas of society, including education, healthcare, sports, and social services. Proper revenue recognition is a core accounting principle that ensures proper financial reporting, ensuring that you remain compliant and maintain donor confidence.

Nonprofit 52

Nonprofit Accounting Principles Profit and Loss Auditing 52

Adam Kae

SEPTEMBER 24, 2020

Here's a Brief List of (Some) CFO Tasks: Financial Reporting. You should be producing regular reports of your finances. These include Cash Flow Statements, Profit/Loss Statements, and Balance Sheets. It's one thing to have QuickBooks run a report. Budget Management.

Healthcare 52

Healthcare CFO Profit and Loss Forecasting 52

Collectiv

NOVEMBER 16, 2021

The most valuable indicators of the financial health and position of an organization are the metrics that are tracked in financial statements—Balance Sheets, Profit and Loss Statements, Cash Flow Statements, Account Receivables, and more. Ready to learn a better way to visualize and present financial reporting?

Financial Reporting 75

Financial Reporting Profit and Loss Budgeting Analyzing Data 75

Spreadym

AUGUST 10, 2023

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have. What is financial reporting software?

Financial Reporting 52

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

Planful

JANUARY 11, 2022

Now is the time for CFOs at organizations of all sizes to lean on AI to plan, budget, and forecast with greater accuracy, speed, and confidence. Research from the Wharton School of the University of Pennsylvania suggests that, since AI can lead companies to become more profitable, companies can then hire more employees.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Reconciliations 40

Cube Software

MAY 11, 2023

Pro forma financial statements and GAAP It's important to note that, since pro forma statements are based on hypothetical or projected data, they are not compliant with generally accepted accounting principles—GAAP statements must be based on actual financial results. How long would your business be able to continue operating?

GAAP 40

GAAP Financial Planning and Analysis (FP&A) Profit and Loss Accounting Principles 40

Centage

DECEMBER 12, 2023

When it comes to analyzing a company’s financial health, one of the most important documents to look at is the consolidated profit and loss statement (often called a P&L, P and L, or P&L statement). What is a consolidated P&L statement? A consolidated income statement is essentially a consolidated P&L.

Profit and Loss 52

Profit and Loss Budgeting Forecasting Compliance 52

The Charity CFO

JANUARY 17, 2022

And then, there are a series of reports and financial statements you’ll use to communicate the financial reality of your organization to potential donors, the IRS, watchdog agencies, and other stakeholders. The basic accounting principles for nonprofit organizations are the same as accounting for for-profit companies. .

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

CFO Simplified

APRIL 15, 2022

Knowing the actual cost of production is critical to setting accurate pricing and therefore profitability for any manufacturing company. Getting to the real numbers are the key to profitability. Significant Findings, Recommendations and Course of Action: Monthly Reporting Package. How are your costs being confirmed and posted?

Profit and Loss 52

Profit and Loss Manufacturing CFO Accounts Payable 52