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This FP&A Factor will Cost US Businesses $7,800,000,000 in 2022

The Finance Weekly

Breaking down the Math. When this is multiplied by many skilled employees, and even more so around budgeting season, the amount of work hours lost can easily reach into the hundreds for an individual company. The scope of manual work is also quite large and covers categories such as budgets, month-end closes, and forecasts.

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When is it Time for a Small Business CFO?

Michigan CFO

You can improve your financial position for your small business with a CFO that fits your budget. They will handle budget planning and forecasting, develop strategies for growth, and ensure accurate financial records are maintained. Or maybe you just rely on your bank account balance to do the math for you.

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Two CFO-Level Accounting Tools to Add Value to Your Accounting Services

The CFO College

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).

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Transcript: Cliff Asness

Barry Ritholtz

Everything was the same except, Chicago had in its budget to give me money for airfare to go visit. RITHOLTZ: Right, ASNESS: Compared to any forecast or trailing version of inflation and doing that consistently through time, bonds were about tied with giving you the least they’ve ever given you. But imagine you have a forecast.

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Transcript: Gary Cohn

Barry Ritholtz

You’re doing a lot of math in your head on the Fly. I’m doing, I’m doing an awful lot of math in my head on the fly. There’s ways around that during reconciliation for budget bills and things like that. I mean, it’s impossible to forecast this sort of thing.

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