article thumbnail

PodChats for FutureCFO: The continuing transformation of finance reporting

Future CFO

Technology has made financial reporting easy for everyone involved in the process, from the finance and accounts team preparing reports to the regulators, investors, and others who use those reports. That said, technology is only one aspect of the reporting process. in 2023 while Europe and the U.S.

Finance 98
article thumbnail

Nonprofit Audit Checklist (+ Free PDF Download)

The Charity CFO

Examine the general ledger for expenses that should have been capitalized, income that should have been recorded as liabilities, or other unusual transactions. And review the financial statement draft for the following: Totals are calculated correctly. Reconcile net assets (with and without donor restriction).

Nonprofit 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Comptroller vs. Controller: What Is the Difference?

Michigan CFO

For instance, the Texas state comptroller, popularly referred to as the Texas Comptroller of Public Accounts, serves as “Texas’ chief financial officer — tax collector, chief accountant, chief revenue estimator, and chief treasurer for all of state government, as well as administrator for several other programs” according to comptroller.texas.gov.

article thumbnail

The Basics of Nonprofit Bookkeeping

The Charity CFO

Execute data entry to keep the general ledger current . They organize the data and ensure accuracy so the accountant can create reliable and timely financial reports. At The Charity CFO, we handle the books and all of your accounting needs. Organize and maintain receipts . Enter bills and vendor invoices.

article thumbnail

Grow Your Restaurant Chain With The Right Accounting Solution

https://trustedcfosolutions.com/feed/

Each location, franchise, or entity can use its own chart of accounts, taxation rules, and financial reporting requirements while also providing the organization with a view of everything. Sage Intacct provides a sophisticated multi-dimensional general ledger.

article thumbnail

Keep Proprietary Processes Secret

CFO Simplified

Bringing Value Through CFO Insights. Financial Reporting and Accounting. The general ledger layout is generic in nature. Redesign the chart of accounts so that balance sheet and income statement accounts are properly classified and present a more standard financial report for both management and the lender.

article thumbnail

Dealing with Obsolete Inventory

CFO Simplified

Bringing Value Through CFO Insights. 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. Reconcile the general ledger balances from the start of the year.