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Richard Buckley joins vcfo Austin as Consulting CFO

VCFO

vcfo Austin welcomes Richard Buckley, Consulting CFO, to serve all Austin and Central Texas area clients. He provides exceptional leadership, communication, and mentoring skills, proven effective across multiple business platforms and company cultures. Starting in 2008, he went to work in private equity and consulting.

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Strategic Finance Focus at Year-End

VCFO

Assessing Accounting For entities preparing GAAP compliant financial statements, adoption of Revenue Recognition Standard (ASC 606) and Lease Accounting Standard (ASC 842) is now mandatory. Therefore, it is important that the planning is not done by the CEO and CFO in isolation, but that management is fully engaged.

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7 Keys to Nonprofit Financial Management

The Charity CFO

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). This also extends beyond the organization.

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Nonprofit Accounting Services: The Right Solution

The Charity CFO

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. A certified accountant with experience in nonprofits will help you: Maintain a detailed GAAP-compliant chart of accounts. How often do they communicate with clients?

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Outsourced bookkeeping for a nonprofit

The Charity CFO

Make sure that you find a partner in your service provider and ensure that your access and communication channels are clearly defined. Communication Challenges As part of your diligence in selecting the right provider, you’ll need to consider what your communication preferences are, for both you and your staff.

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Nonprofit Accounting Basics for Founders, Board Members & Executives

The Charity CFO

So you can understand what’s happening in your business and communicate effectively with your board members, donors, and financial team. 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.

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Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals.

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