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

PYMNTS

MAY 4, 2016

Telematics integrations, which can link a vehicle into the Internet of Things, combined with financial data funneling in from fleet cards and driver spend reports, means fleet managers often face more than they can easily handle to do their jobs, while keeping an eye on the bottom line. Rather, their data must communicate, she said.

Profit and Loss

Spreadym

AUGUST 8, 2023

Net Income or Net Loss: Calculated by subtracting total expenses from total revenues, this figure indicates the anticipated profitability or loss for the budget period. Operating budgets are essential for guiding financial decisions and ensuring that an organization operates within its means.

Budgeting

The Finance Weekly

MAY 25, 2022

The plan answers how the business will stack up in terms of operational and financial objectives farther down the line- whether it be quarterly, yearly, or in 5 years from now. Finance leaders and executives build teams and make decisions based on the financial data and the goals that result from it.

Forecasting

Bramasol

DECEMBER 13, 2021

However, as DSE moves into the next phase, it will be increasingly important for companies to refine and optimize their end-to-end DSE processes in order to maintain profitability and competitiveness. S/4HANA represents a unique opportunity for undertaking truly transformational changes and improvements across the entire enterprise.

SAP

The Finance Weekly

MAY 29, 2024

Understanding their financial status and performance is key for business growth. A study revealed that inefficiencies in the traditional FP&A role, like manual preparation of P&Ls, balance sheets, and cash flows, lead to an annual economic loss of $6.1 This lack of automatic communication between features can be frustrating.

Financial Planning and Analysis (FP&A)

Planful

JANUARY 11, 2022

As technology crunches the growing volumes of data, soft skills like critical thinking, problem-solving, and communication will become crucial for Finance to succeed. #1 Without AI, employees are burdened with hours of monotonous tasks like reporting and data reconciliation. 1 – Move your data to the cloud.

Financial Planning and Analysis (FP&A)

CFO News Room

DECEMBER 26, 2022

He previously worked at a financial planning firm in Bethesda, Maryland, and as a journalist covering the banking and insurance industries. Outside of work, he serves as a volunteer financial planner and class instructor for non-profits in the Northern Virginia area. in client meetings ) and written communication (e.g.,

Planning

CFO Talks

SEPTEMBER 13, 2024

An accountant primarily focuses on the figures—recording transactions, preparing financial statements, and ensuring that the books are balanced. They work closely with the day-to-day financial data, from the original books of entry to trial balances and financial reporting. Nicolaas van Wyk: I couldn’t agree more.

Finance