The Charity CFO

FEBRUARY 27, 2024

At The Charity CFO, we like to do the latter because we feel it leaves you with a more realistic budget base. Review Prior Year Activity To review your prior year’s activity, you’ll use a “Profit and Loss Detail” report or something similar. Do You Struggle to Make Sense of Your Financial Statements?

Nonprofit 52

Nonprofit Budgeting Profit and Loss CFO 52

CFO Share

AUGUST 14, 2023

You do not need to be a CFO to gain valuable insight from this report. By asking yourself basic questions and checking the report, the data will inform you of critical business changes and improve your decisions. Is the company returning cash to stakeholders or is it receiving outside investment to fuel growth and/or losses?

Profit and Loss 40

Profit and Loss Prioritization Finance Investments 40

The Charity CFO

AUGUST 15, 2023

Myth #1: Nonprofit Accounting is Completely Different from For-Profit Accounting One reason accountants seeking a new role may steer clear of a nonprofit accounting position is that they assume the methods are completely different. In the for-profit world, revenue is typically only recorded when earned or cash has been collected.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

Jedox Finance

AUGUST 10, 2022

It is possible for an organization to have significant earnings and profit in a given quarter but, due to a delay in payment, still be in a negative cash flow position. The income statement is concerned with four key elements: revenue, expenses, gains, and losses. A negative cash flow occurs when outflows are higher than inflows.

Forecasting 52

Forecasting Profit and Loss CFO Finance 52

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

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

Future CFO

JULY 13, 2020

“With the sales being affected with advertisers not placing the ads, we are mulling over scenarios where we adapt a revenue-share or profit-share basis to be able to fund new programmes. Because programming licenses are very high, and we may not meet some profitability scenarios that we have. Umeer Zahoor.

Planning 52

Planning Finance Manufacturing Advertising 52