CFO Simplified

DECEMBER 26, 2021

They review bank and credit card monthly reconciliations to assure accuracy and they review general ledger postings for the month—identifying any anomalies that might have crept in and writing up adjusting journal entries for bookkeepers to enter. It’s important to note that accountants do not communicate with the IRS on your behalf.

Finance 52

Finance General Ledger CFO Auditing 52

E78 Partners

SEPTEMBER 21, 2023

Implement Robust Documentation Procedures Maintaining organized records is paramount for any organization, necessitating a systematic approach to filing and ensuring easy access to crucial documents like financial statements, general ledgers, bank statements, and invoices.

Auditing 52

Auditing General Ledger Reconciliations Accounting Standards 52

The Charity CFO

OCTOBER 9, 2024

For example, some key features of accounting software include: Maintaining the general ledger Creating financial statements Accounts payable/receivable management The Incompatibility of Fundraising and Accounting Data The core functions of fundraising and accounting software play the main role in why you can’t integrate them.

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

CFO Thought Leader

SEPTEMBER 17, 2023

Read More “That experience has since helped me by allowing me in many cases to rationalize things by saying, ‘Well, this is not as bad as what I dealt with there,’” comments Kevers, who these days, as CFO of Carta, appears to be focused as much on internal communications as he is on external PR.

CFO 52

CFO General Ledger Finance Communication 52

Spreadym

JULY 10, 2023

Subsidiary Ledgers and Reconciliations: Subsidiary ledgers, such as accounts receivable and accounts payable, are reconciled to the general ledger to ensure consistency and accuracy. These tools enhance collaboration, communication, and accountability among team members.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 52

Future CFO

SEPTEMBER 21, 2020

Think for a moment about how beneficial it would be to work off a single general ledger from anywhere, at any time and in real-time. Leadership: Accountants must be able to properly communicate their findings and agendas to the rest of the organisation and take ownership over initiatives.

Accounting 52

Accounting Technology Mergers and Acquisitions (M&A) Leadership 52

The Finance Weekly

MARCH 1, 2022

At this stage of maturity, the FP&A function or team is frequently a component of other financial entities such as accounting, treasury, or the finance function in general, with roles and responsibilities that are not clearly defined and processes that lack formal description. We accountants are great at reading off the numbers.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Forecasting Budgeting 52

The Charity CFO

APRIL 25, 2024

We didn’t have anything automated, which led to a lot of communication and not understanding where things stood,” Brandi explained. “I I knew we needed a different process if we wanted to stay organized.”

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

Onplan

NOVEMBER 30, 2022

Instead of reaching out to your marketing, sales, and other departments for data inputs, and spreading your communication across various channels and sources, you can reach instant and total alignment. The data presentation can be overly complex, which can hinder communication and reporting between departments. Key features.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Planning 52

CFO Share

SEPTEMBER 23, 2023

Overcomplicating the General Ledger and Chart of Accounts. Relying on admin email for financial communications. The Perils of Overcomplicating Your General Ledger Mistake: Creating a general ledger (GL) account for nearly every type of expense. Making one person responsible for all bookkeeping.

General Ledger (GL) 52

General Ledger (GL) General Ledger Accounts Payable Communication 52