CFO Simplified

DECEMBER 26, 2021

Mid-sized businesses benefit the most from hiring a fractional CFO. At this level, there is enough complexity that CFO services can positively impact business decisions. We know, however, that hiring a full-time CFO can come with a hefty price tag. In these scenarios, bringing in a fractional CFO can benefit everyone.

Finance 52

Finance General Ledger CFO Auditing 52

The Charity CFO

APRIL 29, 2022

Examine the general ledger for expenses that should have been capitalized, income that should have been recorded as liabilities, or other unusual transactions. Every number agrees to the relevant account balance or general ledger transaction. Reconcile net assets (with and without donor restriction). Get the free guide!

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Nonprofit Auditing General Ledger Reconciliations 105

CFO Simplified

NOVEMBER 21, 2022

President of CFO Simplified, Larry Chester , explained in detail how to do petty cash the right way. Take those expenses and summarize them by the GL (general ledger) account that’s being used for those expenses. The post Petty Cash The Right Way appeared first on CFO Simplified. What is Petty Cash?

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General Ledger Reconciliations CFO Accounting 98

Michigan CFO

JUNE 14, 2022

Comptrollers report to the Chief Financial Officer (CFO). Financial controllers report to the CFO of their organizations. Some of their general responsibilities are highlighted below. Comptroller and Controller vs. CFO. A CFO is a higher-level executive that oversees the duties of both Controllers and Comptrollers.

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General Ledger CFO Budgeting Accounts Payable 40

https://trustedcfosolutions.com/feed/

DECEMBER 14, 2021

How do you dramatically improve reporting and gain visibility into your financial data while reducing your General Ledger accounts by more than 90%? In this one-hour webinar, you’ll learn about the benefits of a modern financial management system and its game-changing multi-entity, multi-dimensional, General Ledger?starting

Accounting 52

Accounting General Ledger Financial Systems Financial Data 52

The CFO College

AUGUST 31, 2021

The rolling cash forecast is one of many CFO-level skills we teach in our program. As an accounting professional, you need to set up many processes for efficient data tracking, including: Month-end tie-out system to close out balance sheets, reconcile general ledger accounts, with full tick marks.

Startups 81

Startups Accounting General Ledger Forecasting 81

Future CFO

SEPTEMBER 26, 2022

Finance has also invested heavily in technology to reduce time to close, with three technologies deployed by more than half of functions already: general ledger technology, a financial close solution, or workflow automation, Gartner said. 86% said they wanted a faster, real time close. 68% mentioned they want a cheaper close.

Finance 52

Finance General Ledger Reconciliations Auditing 52

The Charity CFO

FEBRUARY 4, 2022

Execute data entry to keep the general ledger current . At The Charity CFO, we handle the books and all of your accounting needs. Get this FREE guide to discover what you need to do to ensure you hire the right accountant, bookkeeper, or CFO the FIRST time. Organize and maintain receipts . Enter bills and vendor invoices.

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

https://trustedcfosolutions.com/feed/

MAY 27, 2022

Sage Intacct provides a sophisticated multi-dimensional general ledger. 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.

Accounting 108

Accounting General Ledger Accounts Payable Cash Management 108

CFO Talks

JANUARY 31, 2023

1X ‘Humanitarian at heart’ Welcome to the CFO Club Africa podcast, where we interview leading CFOs from Africa and beyond. CFO Club Africa is a division of the Chartered Institute of Business Accountants, the professional body for business accountants, financial managers and chief financial officers. Go to www.cfoclub.co.za

CFO 52

CFO Auditing Finance General Ledger 52

CFO Simplified

APRIL 15, 2022

Bringing Value Through CFO Insights. The general ledger layout is generic in nature. The post Keep Proprietary Processes Secret appeared first on CFO Simplified. Some of these ideas can be patented, but many cannot because they’re either an operational approach, or a unique blending of services.

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Manufacturing General Ledger Budgeting CFO 52

CFO Share

JULY 14, 2022

Too many general ledger (GL) accounts. Too many general ledger accounts. That can lead to “GL diarrhea”: too many ledgers, multi-page P&Ls, and unusable financial statements. Unusable financial statements come from one or many distinct sources. Incorrect costing or no costing.

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General Ledger (GL) General Ledger Profit and Loss Invoicing 52

https://trustedcfosolutions.com/feed/

MARCH 26, 2023

This involves matching the balances in your general ledger to the balances in your bank statements and other financial records. Make sure everything is accurate and there are no discrepancies. Reconcile accounts: Once you’ve reviewed all transactions, you’ll need to reconcile and account for all transactions.

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General Ledger Accounting Invoicing Financial Data 62

VCFO

MAY 19, 2023

This includes documentation of the R&D activities involved as well as information from one’s general ledger expenses, R&D results, payroll reports, and other relevant project documents. Cases In Point As fractional CFO s, we support a diverse array of companies.

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General Ledger Startups CFO Finance 71

https://trustedcfosolutions.com/feed/

JULY 28, 2022

It features a role-based dashboard, a multi-dimensional general ledger that enables restaurants to streamline their chart of accounts and get richer information faster, giving you visibility across and into multiple entities, locations, and brands at the touch of a button.

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Accounting General Ledger Sales CFO 113

https://trustedcfosolutions.com/feed/

JUNE 15, 2021

As the CFO, there’s always some shiny new toy being pitched by the, wait for it – CRO, CTO, CMO & PM. If you’re like other CFOs, you probably want a good dashboard to monitor KPIs & a tool that lets you visualize data across the firm. Intelligent General Ledger. Does the world need another acronym?

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General Ledger CFO Financial Data Budgeting 57

https://trustedcfosolutions.com/feed/

APRIL 5, 2023

Uses one set of financials and multi-dimensional reporting with an integrated General Ledger and real-time views of current and historical data. Streamlines invoicing and payment processes help you get paid faster and reduce the time it takes to close out the month.

General Ledger 62

General Ledger Reconciliations Accounting Standards Auditing 62

CFO Simplified

APRIL 15, 2022

Bringing Value Through CFO Insights. Reconcile the general ledger balances from the start of the year. The post Dealing with Obsolete Inventory appeared first on CFO Simplified. A particular problem that often rears its ugly head is the issue of obsolete inventory. Recommendations. Will the situation look better?

Profit and Loss 52

Profit and Loss Manufacturing General Ledger Accounts Payable 52

Future CFO

AUGUST 1, 2023

Financial and accounting processes include managing the general ledger, accounts receivable & payable, billing and invoicing, reporting & analytics, bank reconciliation, budgeting & forecasting, etc.

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Invoicing General Ledger Reconciliations Budgeting 98

CFO Talks

FEBRUARY 20, 2024

Farhaan Moolla: Innovative Leadership: The Journey of a modern and dynamic CFO Written by: Staff writer In this podcast Farhaan Moolla, a seasoned CFO with a notable career in financial leadership and strategic planning, shared his journey, beginning with his entrepreneurial family background. Farhaan : Mornin g, Nicola a s !

CFO 52

CFO Leadership Accounting Finance 52

BlueLight

JULY 16, 2020

These businesses ranged from seed stage companies where the CEO was the finance leader to growth stage companies with an in-house CFO. I caught up with Sandeep Shroff, Co-Founder and CEO of myStartUpCFO , an accounting firm that provides on-demand full-stack CFO services for startups. Startups often leave bookkeeping tasks with us.

Startups 52

Startups CFO Reconciliations General Ledger 52

Future CFO

AUGUST 2, 2021

Compiling disparate operational data and relating them to the general ledger is key to unlocking the value of xP&A. Multinationals have the highest overall xP&A score, while organisations based in APAC and North America (US and Canada) tied.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) General Ledger Forecasting Corporate Finance 40

PYMNTS

FEBRUARY 13, 2019

“If you approach a controller or CFO, and talk about integrating an accounting solution with the rest of the business, you have to be sure that data is secured and properly managed,” he said. “You won’t just crack open your general ledger to a CRM database guy.”

Finance 75

Finance General Ledger Math Accounts Payable 75

The SaaS CFO

APRIL 5, 2018

The post Sample Chart of Accounts in SaaS appeared first on The SaaS CFO. Not a “fun” topic per se, but you need to understand the concept behind your chart of accounts and implement the correct structure if you […].

Accounting 80

Accounting CFO General Ledger 80

The CFO College

JUNE 3, 2021

Increase Your Value and Boost Your Services with Two CFO-Level Accounting Tools. Simply by implementing a few CFO-level skills and tactics (and learning how to prove our value to potential clients), you can position yourself as someone your clients instinctively turn to as they navigate the sometimes turbulent waters of running a business.

Accounting 52

Accounting CFO Auditing General Ledger 52

CFO Simplified

NOVEMBER 28, 2022

The President of CFO Simplified, Larry Chester , shares the importance of inventory value reports with us. . If you’re a manufacturer or a wholesale distributor, you should be comparing the value in that inventory value report to one line on your general ledger, and that’s the value of inventory. . Final Thoughts.

General Ledger 98

General Ledger CFO Accounts Payable Reconciliations 98

https://trustedcfosolutions.com/feed/

APRIL 14, 2022

With a multi-dimensional general ledger, Sage Intacct enables restaurants to streamline their chart of accounts and get richer, deeper detailed information faster than ever before – all at the push of a button. We have your next CFO. . Don’t lose any more time or money.

Accounting 117

Accounting General Ledger Accounts Payable Budgeting 117

https://trustedcfosolutions.com/feed/

NOVEMBER 30, 2022

From sales (Salesforce/Hubspot), to A/P (Bill.com/Routable) to A/R (Harvest), this ecosystem provides for the continuous flow of data to the general ledger. Quantitative and qualitative data should be able to flow seamlessly into the accounting system through a robust ecosystem of vendors. The Right Software is Smart Software.

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General Ledger Compliance Finance Forecasting 108

CFO Plans

AUGUST 5, 2020

By Fizal Meera, Associate Controller – CFO Plans. There are multiple software plugins available for general ledger systems (and most ERP systems have it embedded) to handle deferred revenue properly. Note: This article is meant for non-accounting business professionals with minimal or no accounting knowledge).

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General Ledger Accounting Principles Invoicing CFO 52

CFO Simplified

NOVEMBER 6, 2023

Does it have a general ledger with numbered accounts? The post Roadmap to Starting a Business appeared first on CFO Simplified. QuickBooks and Xero are probably the most popular programs for start-ups, and the monthly fees are very low. But make sure that it does what you need. Do you need to manage inventory and shipments?

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General Ledger Strategic Planning CFO Accounting 52

Bramasol

NOVEMBER 13, 2023

For example, at Bramasol we made a decision over a decade ago to focus on SAP finance solutions for the office of the CFO, with a specific emphasis on the new revenue recognition compliance requirements in ASC 606 and IFRS 15.

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SAP General Ledger IFRS Compliance 79

Embark With Us

JANUARY 19, 2022

But take a step further than a tool's sweet spot and a CFO is asking for trouble. Put another way, our Finance Transformation team has been extraordinarily successful using Alteryx for a while now, and we want to share the knowledge with our brethren working under the office of the CFO. Or spreadsheets and budgeting.

Accounting 98

Accounting Finance Data Analysis General Ledger 98

CFO Simplified

APRIL 22, 2022

General Ledger Dimensions – ERP systems allow true slicing and dicing of information gathered. The post The Upgrade Challenge appeared first on CFO Simplified. Build an operational plan based on the new paradigm created by the ERP. But if it’s done right, the benefits outweigh the time and energy spent.

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General Ledger Accounts Payable Manufacturing Planning 52

Planful

JUNE 22, 2017

Assets, Liabilities, Equity, Revenue, and Expense accounts) from multiple general ledger systems, and mapping it to a centralized chart of accounts. Here are the key accounting consolidation steps in the finance consolidation process : Collecting trial balance data (e.g., GAAP or International Financial Reporting Standards (IFRS).

Accounting 40

Accounting General Ledger IFRS GAAP 40

Future CFO

SEPTEMBER 21, 2020

Think for a moment about how beneficial it would be to work off a single general ledger from anywhere, at any time and in real-time. Developing information for investor relations presentations by the CFO. It frees up time in the day to work with clients in a more effectively. Assessing the strategic risks of the organisation.

Accounting 52

Accounting Technology Mergers and Acquisitions (M&A) Leadership 52

Planful

SEPTEMBER 10, 2015

ERP includes a general ledger which summarizes all of the details from other modules like purchasing, accounts payable, and accounts receivable. It is generally driven by the finance department or CFO of the enterprise. It is used to help management optimize performance and get the most from its investments.

Planning 40

Planning General Ledger Accounts Payable Budgeting 40

CFO Share

SEPTEMBER 23, 2023

Overcomplicating the General Ledger and Chart of Accounts. The Perils of Overcomplicating Your General Ledger Mistake: Creating a general ledger (GL) account for nearly every type of expense. The top three most common bookkeeping mistakes to avoid: 1. Relying on admin email for financial communications.

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General Ledger (GL) General Ledger Accounts Payable Communication 52