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When Should You Hire a Part-Time Bookkeeper?

CFO Share

If you’re consistently spending hours on invoicing, payroll, or tax preparations, delegating these tasks can free up precious time. A bookkeeper will manage the day-to-day financial tasks, allowing you to engage in higher-level financial analysis and business strategy. How Do I Know When To Hire a Bookkeeper?

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Talent retention in Southeast Asia: Accountants as valuable assets

Future CFO

With the recent changes in Malaysia’s accounting procedures and regulations, such as service tax and e-invoicing, Yong believes that accountants should stay updated with the latest changes and be prepared to implement these in their company to ensure a seamless run.

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The evolution of accounting

Future CFO

Modern accounting software integrates seamlessly with diverse financial systems, automating tasks such as data entry, bank reconciliation, and invoice processing. Real-time Data Insights The advent of cloud-based accounting solutions has turned real-time financial data availability into a reality for businesses of all sizes.

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5 Ways to Mitigate the Accountant Shortage

CFO Leadership

Lessen the workload with technology Many accountants spend a large portion of their time doing basic, repetitive tasks rather than more strategic financial analysis. With the right technology in place, companies can lessen the accounting staffing needed, without sacrificing accuracy or compliance.

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From Controller to CFO: What Changes?

CFO Talks

Financial Analysis: The CFO decides what financial analysis to do to improve the business and shares these insights with other department heads. Accounting Responsibilities: Both the CFO and Controller collaborate on overseeing the annual audit, ensuring thoroughness and compliance.

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Tips for cash management for a nonprofit organization

The Charity CFO

In a previous article, we discussed the benefits, risks, and compliance requirements of outsourcing bookkeeping for nonprofit organizations. Not only does it fulfill compliance requirements, but it also plays a crucial role in achieving the organization’s mission.

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Finance vs. Accounting

CFO Simplified

In publicly traded companies, the CFO is also responsible for the company’s compliance with Securities and Exchange Commission (SEC) rules and regulations. Accounting teams are responsible for: Invoicing. Recording and paying accounts payable invoices. Invoicing and collections. What is Accounting? . Reconciling accounts.