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Petty Cash The Right Way

CFO Simplified

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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Nonprofit Audit Checklist (+ Free PDF Download)

The Charity CFO

That means keeping your paperwork organized, staying current on your reconciliations, tracking restricted funds , and accurately recording all your expense and revenue transactions each month. Examine all bank reconciliations for outstanding transactions which could be erroneous. Step 2: The nonprofit audit checklist.

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Your Ultimate Finance Department Checklist

CFO Simplified

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.

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Best Practices to Perfect Your Month-End Close With Sage Intacct

https://trustedcfosolutions.com/feed/

Uses one set of financials and multi-dimensional reporting with an integrated General Ledger and real-time views of current and historical data. Accruals and reversals are automated, and entries are visible at all times, reducing the manual work needed for journal entries and reconciliations.

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Capitalising on the Fintech apps in APAC

Future CFO

Supriya Deka: The general features of financial applications include accounting, reporting & analytics, bank reconciliation, billing & invoicing, asset management, budgeting & forecasting, financial risk management, expense tracking, and payroll management.

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Finance functions aim for a touchless close

Future CFO

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.

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The Basics of Nonprofit Bookkeeping

The Charity CFO

Prepare bank reconciliations. 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. Manage payroll .