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.

Leadership 98

Leadership Finance GAAP Forecasting 98

Centage

NOVEMBER 22, 2023

This quote, from the Controller at a multi-entity vineyard and winery in California , is representative of the pain points involved with rolling up multiple P&Ls: “I’d have a spreadsheet with 20 tabs , all of which were linked to a GAAP-based P&L on the first tab. In turn, I was able to upload those expenses into Centage.

Profit and Loss 52

Profit and Loss Budgeting GAAP Financial Reporting 52

The Finance Weekly

MARCH 25, 2024

They guide department heads, help with budgeting, and analyze financial data to steer the ship. Specifically, here are some key corporate matters the CFO is in charge of: Forecasting One key thing to note is that CFOs do more than just report the current situation.

CFO 97

CFO Finance Forecasting GAAP 97

Cube Software

MAY 11, 2023

Think of pro forma statements as a monetary crystal ball, a guiding financial forecast. The Securities and Exchange Commission (SEC) requires that discrepancies between pro forma and GAAP-compliant financial reports be explained when released to the public. Other use cases include budgeting and analyzing mergers and acquisitions.

GAAP 40

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

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! It’s all automated and GAAP compliant. No programming.

Financial Planning and Analysis (FP&A) 72

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

The Finance Weekly

DECEMBER 18, 2021

In addition to accounting processes, the CFO leads prospective financial activities that are part of the vision: forecasting, budgeting, mergers, and investments. For smaller companies on a budget or in the development stage, there is often a debate about which one should be hired: CFO, financial controller, or a combination of both?

CFO 52

CFO Budgeting GAAP Accounting Principles 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. Labor Costs You will have the ability to obtain services when you need them without worrying about flexibility, vacation days, or geographical location.

Nonprofit 52

Nonprofit Communication Auditing GAAP 52

Centage

JUNE 12, 2023

If you don’t develop your budget incorporating these taxes and/or fees, how are you going to make a valid comparison of your budget against your actuals? Visibility which allows you to integrate and normalize data from multiple sources, ensuring accuracy and increasing line of sight into current and future financial health.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Budgeting Manufacturing Forecasting 98

Future CFO

APRIL 18, 2022

DOWNLOAD NOW. The post IBM Cognos Controller: Financial close management managed by the office of finance appeared first on FutureCFO.

Finance 52

Finance IFRS GAAP Accounting Principles 52

Planful

JULY 27, 2016

Reducing Reliance on Spreadsheets for Budgeting, Planning, and Reporting. The key challenges in using spreadsheets and email for budgeting and planning: Too much manual work – the process takes too long. Lack of security sending budgeting spreadsheets via email. Not being compliant with US GAAP or IFRS. Lack of security.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Planning Value-Added Analysis Budgeting 40

BlueLight

MAY 1, 2020

The Controller is responsible for generating the three main financial statements and ensuring these statements comply with GAAP and other regulatory requirements. The FP&A function helps all groups within the company make better decisions by taking historical data, forecasting future performance, and running sensitivity analyses.

Financial Planning and Analysis (FP&A) 52

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

Boston Startup CFO

OCTOBER 13, 2015

Company founders and CEOs are rarely equipped to handle financing strategies, budgets and dealing with investors. We had been using my Excel forecasts for years, which were outdated and did not capture and reflect all aspects of the business. It’s a growing pain that many small businesses have. Look at Groupon!).

CFO 52

CFO Tax Planning GAAP Budgeting 52

Boston Startup CFO

OCTOBER 29, 2012

Depending on your needs, a consulting CFO may be able to help with financial projections, cash forecasts, operating budgets, financial plans, pricing, reporting, debt management, M&A, equity and debt negotiations and liquidations. Overall, CFOs help you with business planning, providing your business plan with essential rigor.

Startups 52

Startups Mergers and Acquisitions (M&A) CFO GAAP 52

BlueLight

JULY 30, 2020

Rather, our job is to provide a framework for the department managers to think about their own budget.” “It After hiring a finance leader, the accounting firm is usually retained to handle book keeping while the finance leader focuses on financial forecasting and strategic planning. This task falls to the finance leader.” “The

CFO 52

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

The CFO College

APRIL 8, 2021

You’ll really want to delve into the pain points of business owners (saving money, reducing tax burden, and increasing bottom line), tax opportunities and planning, and GAAP accounting and solutions. Skills and processes you might leverage to provide this include cash forecasting tools, deep dive analytics, and efficient startup models.

CFO 52

CFO Benchmarking Tax Planning Accounting 52

Onplan

DECEMBER 16, 2021

In the Candy Cane building, he checks in on his naughty or nice accounting team (they do great work but don’t follow GAAP principles, and naughty and nice are never in balance). It’s how you make sure you have the people and skills you need to meet your goals within your budget. By building these into his model, he’s covered.

Planning 52

Planning Budgeting Forecasting GAAP 52

Onplan

DECEMBER 16, 2021

In the Candy Cane building, he checks in on his naughty or nice accounting team (they do great work but don’t follow GAAP principles, and naughty and nice are never in balance). It’s how you make sure you have the people and skills you need to meet your goals within your budget. By building these into his model, he’s covered.

Planning 52

Planning Budgeting Forecasting GAAP 52

Planful

JANUARY 3, 2017

Benefits of ERP also include management reports, such as actual vs. budget variance reports by cost center and department. Iterative collecting, compiling, and managing of financial and operational budgets. Orchestrating and managing a rolling forecast process. Orchestrating and managing a rolling forecast process.

General Ledger 40

General Ledger Budgeting Forecasting Cash Flow Forecasting 40

Planful

SEPTEMBER 6, 2021

Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS)-compliant, so you can focus on what matters—telling your company’s financial story. “Budget meetings are now about the business, not about the integrity of information.”

Financial Reporting 40

Financial Reporting Valuation IFRS GAAP 40

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) CFO Accounting Standards 52

The CFO College

JUNE 3, 2021

Acquiring these advanced types of services, like setting up a permanent audit trail, rolling cash forecast, month-end reporting, and strategic planning, is the secret sauce your potential client needs to know how their money flows in and out of their company (and what their financial future will look like).

Accounting 52

Accounting CFO Auditing General Ledger 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 a financial modeling and forecasting tool built by financial planners and analysts. Budgeting and rolling forecasts, as well as what-if scenario planning.

Financial Planning and Analysis (FP&A) 52

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