CFO Simplified

AUGUST 14, 2022

Watch Larry Chester, President of CFO Simplified and financial savant explain how to build back a good relationship with your bank so you can be bankable again in the video below. . You don’t want to be showing a large profit one month and a large loss the next month—even if over a period of time that balances itself out.

Banking

The Charity CFO

MARCH 24, 2022

Fraud losses in the charitable industry destroy an organization’s reputation, future financing opportunities, and capacity to carry out its mission. The USDA relaxed the rules for those who can participate in the programs, allowing for-profit restaurants to join and allowing meals to be packaged and consumed off-site. .

Nonprofit

The Charity CFO

JANUARY 17, 2022

The basic accounting principles for nonprofit organizations are the same as accounting for for-profit companies. . Get this FREE guide to discover what you need to do to ensure you hire the right accountant, bookkeeper, or CFO the FIRST time. You would show a large “gain” in September and large “losses” in October and November.

Nonprofit

CFO Simplified

JANUARY 10, 2022

Look at these scenarios, and see if any sound familiar to you: An internet sales company showed financial reports with huge profits for three straight months, and then suddenly, huge losses during the next few. A services-based company sent out annual invoices in January and February. It’s that simple.

Profit and Loss

Creative CFP

NOVEMBER 2, 2020

The cash flow statement is the final piece of the puzzle when it comes to the monthly management reports that we prepare here at Creative CFO. The cash flow statement in context The profit and loss statement, discussed in an earlier blog, provides information on the revenue and expenses over a certain period of time.

Profit and Loss

CFO Simplified

MARCH 11, 2024

But what’s missing is the “home care” that’s needed to make sure that their firm is running efficiently and profitably. And we also see the opposite, where a CFO has the title of CFO/Office Manager, and is even relegated to ordering office supplies. Not exactly productive for someone making well over $175,000 annually.

Profit and Loss

CFO Simplified

APRIL 15, 2022

Bringing Value Through CFO Insights. The bank reported a loss of confidence in management as a result of the inconsistent financial reporting. Ensure the sales register matches the individual invoices. Business owners are always concerned about company profits. Inventory is a tool to achieve profitability.

Profit and Loss

CFO Share

MAY 19, 2022

Is your company profitable but wasting money on high debt payments? CFO consulting services can evaluate your specific debt situation, but here is a brief description of different types of debt and their suitability for refinancing. These discounts are usually between 1-3% of the total invoice amount.

Profit and Loss

E78 Partners

NOVEMBER 18, 2024

Potential pitfalls include: Cash Flow Issues: A sudden leadership change can disrupt the normal flow of operations, leading to delays in invoicing and payment processing. Loss of Stakeholder Confidence: Investors and clients may become wary during leadership changes, which can cause fluctuations in stock prices or contract renewals.

Leadership

E78 Partners

NOVEMBER 18, 2024

Potential pitfalls include: Cash Flow Issues: A sudden leadership change can disrupt the normal flow of operations, leading to delays in invoicing and payment processing. Loss of Stakeholder Confidence: Investors and clients may become wary during leadership changes, which can cause fluctuations in stock prices or contract renewals.

Leadership

Future CFO

JUNE 28, 2022

In this situation businesses struggle to find additional sales, a measure that could help to offset their losses and thus avoid putting liquidity under pressure and a company’s entire future at risk, Atradius observed. Another country suffering was Indonesia, with a reported 40% increase in write-offs.

B2B

PYMNTS

MARCH 7, 2016

Much has been made about the use of technology between businesses paying other businesses and the way software can boost sales in the field and invoice management. Though it may garner less press, there’s another niche within Software-as-a-Service that has potential for flexible technology and one that belongs to the chief financial officer.

GAAP

CFO Share

OCTOBER 14, 2021

Continuously shrinking cash despite profitable financial reporting. Negotiations do not always recover 100% of the losses, so you will need to write off a portion of the fraud as losses. In general, these are the most common controls missing for fraud detection and prevention: No 3-way match on AP invoices.

Profit and Loss

CFO Share

JULY 14, 2022

Do your profits and cash flows make no sense? The leading causes include: Poor monthly bookkeeping processes, including invoicing, billing, coding, and accruals. Routine transaction processing such as invoicing, bill entry, and coding are the foundation for more sophisticated accounting accruals. Incorrect costing or no costing.

General Ledger (GL)

VCFO

MARCH 17, 2023

That’s because inventory is a key driver of several profit & loss (P&L) statement components, from revenue all the way down to net profit. Understanding involves ensuring clarity surrounding items like invoicing, discount practices, logistics, and more.

Manufacturing

KG Virtual CFO

JANUARY 10, 2022

Additionally, it allows you to send invoices and pay bills, track your day to day expenses and profit/loss, and it helps you prepare for tax seasons. QuickBooks is a software program that assists business owners in tracking their business expenses, bank account, income, and tax records.

Profit and Loss

Future CFO

DECEMBER 21, 2023

Declining profitability: For example, are your sales lower or your cost of goods sold higher? Poor interest coverage ratio: This shows operating profits may not be able to cover interest expenses. Are they taking longer to settle invoices or make deliveries? Weakened balance sheet. Operating margins: Are they becoming thinner?

Profit and Loss

CFO Share

MARCH 16, 2021

As a turnaround CFO , I have seen too many good small businesses collapse under the weight of unmanageable debt. When pursuing such a strategy, work with a fractional CFO and build a budget to ensure you can increase revenue to pay off your debt. Profitable operating income, but net losses driven by interest expense.

Restructuring

CFO Share

AUGUST 14, 2023

You do not need to be a CFO to gain valuable insight from this report. Is cash from operations generated by one-time occurrences, such as a large invoice payment, or by systemic processes, such as overall business growth? Is the company returning cash to stakeholders or is it receiving outside investment to fuel growth and/or losses?

Profit and Loss

PYMNTS

MAY 15, 2017

Just over a third, the report found, said they are familiar with how invoice financing works. According to Close Brothers, nearly two-thirds of small businesses said they have endured cash flow problems as a result of late invoice payments, for instance. percent — surpassing analyst estimates.

Finance

CFO Share

JULY 20, 2021

Is your small business not making as much profit as you expect? Are you earning profits but always falling short on cash? But recently, business has not been as profitable as normal despite steady sales. Or maybe the P&L shows a profit, but cash keeps dwindling. Filing an insurance claim for fraud losses.

Accounting

CFO Simplified

SEPTEMBER 11, 2023

By comparison, it’s much like your Profit and Loss statement. The post Cash Cash Cash Cash appeared first on CFO Simplified. The Statement of Cash Flows is a historical document that tells you how much you spent in a past period and where that money came from. It tells you what happened in the past period.

Cash Flow Forecasting

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