Remove Communication Remove Financial Reporting Remove Invoicing
article thumbnail

From Jo’burg to Jakarta: The CFO’s Passport to Global Control

CFO Talks

Before setting up shop, understand: Which financial reporting standards apply (e.g. Set up a robust communication and reporting cadence. Ensure local teams know when, what, and how to report. Regulatory Environment Every country has its own legal and tax framework. IFRS, local GAAP)?

article thumbnail

Future-proofing the finance infrastructure

Future CFO

Harmonising financial reporting and compliance Finding the balance between financial reporting and compliance across multiple jurisdictions, while trying to comply to global standards such US GAAP and IFRS with local tax regimes and regulatory requirements without overburdening local teams can be such a huge task for many organisations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Leading Through Uncertainty: Smart Ways to Manage Money in Tough Times 

CFO Talks

Quick Tip: Set up automated financial reports to track income, expenses, and cash flow monthly. Process Automation Using tech to handle invoices, payroll, and reports can save money and reduce errors. Thats how employees and investors feel when financial updates are kept secret or too complex.

article thumbnail

Guardrails for Growth: How CFOs Can Master Internal Control Policies 

CFO Talks

They keep a business on track, protecting assets, ensuring accurate financial reporting, and promoting efficient operations. For instance, if the same person approves invoices and processes payments, thats a red flag. Create a step-by-step flowchart for each key process.

article thumbnail

Identifying Types of Fraud in Organisations

CFO Talks

Actionable Preventive Steps: Establish Strong Governance : Set up an independent audit committee to oversee financial reporting and ensure that internal audits are performed regularly. Unfamiliar Vendors : Be wary of invoices from vendors that don’t appear in your approved vendor list or who are not fully vetted.

article thumbnail

6 Nonprofit Bookkeeping Tips to Save You Time & Money

The Charity CFO

But you need accurate and timely bookkeeping to get the financial reports you need to run your programs, report to your grantmakers, and keep your operation on track. Scan Your Receipts and Invoices . Gone are the days of manually recording every receipt and invoice.

article thumbnail

Accountability in Finance Teams, Methods and Benefits

CFO Talks

Whether it’s handling invoices, managing payroll, or preparing financial reports, no one should be left guessing about their tasks. This ongoing communication ensures no one drifts off course and keeps the team aligned with the overall goals. Each person on the team should have clear responsibilities.