CFO Share

OCTOBER 13, 2023

Strategies to consider include: Run a profitable business or raise sufficient equity capital to support losses while growing Avoid excessive debt Optimize revenue (i.e. Operational Efficiency This factor measures the efficacy of a business in converting its investments into profits.

Cash Flow Forecasting 52

Cash Flow Forecasting Profit and Loss Forecasting Startups 52

CFO Share

MARCH 14, 2022

QOE reports go beyond the balance sheet and profit and loss statement – they challenge the underlying data through rigorous testing and management interviews to assess accuracy, and risk. Reviews of account reconciliations, account aging, and composition. Book an appointment with a CFO today.

Auditing 52

Auditing GAAP Accounting Principles Profit and Loss 52

CFO Share

SEPTEMBER 7, 2023

Monthly account reconciliations are commonly only performed on major GLs, like cash and credit cards. If you miss the 12/31 bonus deadline, you can pay a 401k profit share bonus after year-end and apply it to the prior year. Books are due to income tax preparer around February. Plan your schedules.

Profit and Loss 40

Profit and Loss Concentration Reconciliations Auditing 40

CFO Share

JULY 14, 2022

Do your profits and cash flows make no sense? Most small businesses do not know the ins and outs of cost accounting, meaning they leave costs down in operating expenses (or have no costs at all, so gross profit = sales.) Accurate costing is key to a useable profit and loss statement. Unsophisticated GL structures.

General Ledger (GL) 52

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

Planful

JANUARY 11, 2022

Without AI, employees are burdened with hours of monotonous tasks like reporting and data reconciliation. Research from the Wharton School of the University of Pennsylvania suggests that, since AI can lead companies to become more profitable, companies can then hire more employees. 1 – Let AI do the heavy lifting.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Reconciliations 40

Future CFO

SEPTEMBER 14, 2020

accounting, reconciliation, the closing of books, etc). Amid the COVID-19 crisis, businesses face an ever-growing collection of threats that, if not appropriately acted upon, can irreparably damage the financial outlook of a given company and lead to job losses as a result. This will become increasingly important in the coming years.

Accounting 40

Accounting Leadership Finance Profit and Loss 40

The Charity CFO

JANUARY 19, 2023

Nonprofit organizations distinguish themselves from for-profit entities through their purpose and mission. Their mission is usually anchored on a cause or social purpose, not on the generation of profits. NPOs must adhere to these accounting policies to remain compliant with the law and maintain their tax-exempt status.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52