The Finance Weekly

DECEMBER 2, 2024

Problem 1: Using Old and Cumbersome Excel Models Many of us have developed a financial reporting process that uses workarounds for limitations in our ERP software and to ensure we can meet our deadlines without accidentally breaking something. These processes vary.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Data Analysis Financial Modeling 52

The Charity CFO

FEBRUARY 4, 2022

Create invoices for goods, services, and donations. Enter bills and vendor invoices. Let’s take a deeper look at the four key bookkeeping tasks: payroll, invoicing, expense allocation, and recording business transactions. . Invoicing . Even if your nonprofit isn’t selling anything, you’ll still need to process invoices.

Nonprofit 91

Nonprofit Invoicing General Ledger Accounting 91

CFO Talks

OCTOBER 3, 2024

Pressure from Management : Pay attention to any undue pressure from management to meet financial targets, which may lead to unethical adjustments or misreporting. Conflict of Interest Declarations : Require employees involved in procurement or contract management to disclose any potential conflicts of interest and enforce strict compliance.

Invoicing 98

Invoicing Auditing Benchmarking Reconciliations 98

CFO Talks

MARCH 4, 2025

Regulatory Risks Are there new laws, taxes, or compliance requirements that could impact your business? 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.

Budgeting 52

Budgeting Forecasting Invoicing Sales 52

Future CFO

AUGUST 1, 2023

FutureCFO spoke to Deka to dig deeper into the topic: Which features/capabilities in financial applications are most in demand by mid-size enterprises? However, the demand for features/capabilities of financial applications can differ based on their company size, maturity, and business needs and goals.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

PYMNTS

JULY 24, 2020

Under the terms of the deal, Paxos handles the back-office details needed to make the cryptocurrency brokerage operate on Revolut’s platform, including compliance with state and federal regulations, while enabling Revolut to handle the customer-facing aspects of the relationship. Last week, Revolut, which recently debuted in the U.S.

Startups 102

Startups Foreign Exchange Valuation Invoicing 102

PYMNTS

MARCH 4, 2020

It’s a result, explained Gillette, of the legacy ERP no longer being suited to address the full range of businesses’ diverse financial and process management needs. He pointed to financial reporting as one example of this shift.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

PYMNTS

DECEMBER 15, 2020

They listened to our requirements and delivered a product that exceeded our expectations in operating more efficiently while meeting our customers’ compliance needs,” Vrishaketu said. Tipalti customers can unlock as long as 30 to 45 days of cash flow with invoice payments through their credit cards via Plastiq.

Accounts Payable 75

Accounts Payable Compliance Advertising Invoicing 75

Trade Credit & Liquidity Management

MAY 8, 2025

They must ensure data accuracy across the systems that drive billing, collections, compliance, and reporting. Lacking the resources of a larger enterprise, SMBs can experience out-sized consequences from late invoices, missed payments, tax errors, and even fraud. Customer master data. Collections slow down. No bounced emails.

Finance 72

Finance Invoicing Auditing Cash Flow Forecasting 72

PYMNTS

FEBRUARY 18, 2020

Mastercard and SAP Concur, an invoice management company, will provide support for the card. Corporates can gain greater insights and control, while ensuring regulatory and tax compliance through this solution,” said Parag Rao, country head for payments business and marketing of HDFC Bank.

SAP 60

SAP Invoicing Compliance Budgeting 60

PYMNTS

SEPTEMBER 17, 2020

For finance professionals, this could be anything from the time-consuming workflow of printing and cutting paper checks to keeping piles of financial reports on the desk. Take the electronic invoice, for example. Organizations have long struggled with a "paper deluge."

Accounts Payable 63

Accounts Payable Compliance Invoicing Finance 63

PYMNTS

MAY 26, 2016

In an announcement on Wednesday (May 25), Tipalti revealed the rollout of an expanded AP platform that introduces new features for users, including invoice management, supplier onboarding, payment and reconciliation services. The new AP platform uses that information to provide real-time payment and financial reporting.

Accounts Payable 41

Accounts Payable Invoicing Reconciliations Compliance 41

CFO Plans

JULY 18, 2024

From property management to rent collection and tax compliance, the need for specialized accounting services is paramount. Here, we explore how expert real estate accounting services can optimize your property management, streamline rent collection, and ensure compliance with tax regulations for sustained financial success.

Accounting 52

Accounting Compliance CFO Restructuring 52

CFO Share

NOVEMBER 3, 2023

If you’re consistently spending hours on invoicing, payroll, or tax preparations, delegating these tasks can free up precious time. Errors in tax filings, payroll, or client invoices can lead to unhappy customers, dissatisfied employees, and significant financial and legal repercussions.

Invoicing 52

Invoicing Accounts Payable Compliance Financial Analysis 52

CFO Plans

SEPTEMBER 24, 2024

Integration with other business tools ensures financial management remains seamless and efficient, allowing startups to focus on growth without getting bogged down by administrative tasks. Real-Time Financial Reporting for Agile Decision-Making Real-time financial reporting is one of the most significant advantages of virtual CFO services.

Startups 52

Startups CFO Financial Analysis Risk Management 52

PYMNTS

MARCH 19, 2020

By expanding accounting platforms’ functionality, software can help to remedy this challenge, said Rana, while data integration across other platforms like payroll, AP and AR are essential to financial transparency. Rana said this connectivity is key for financial reporting and tax filing. ” A Waterfall Effect. .

Accounting 62

Accounting Invoicing Accounts Payable Financial Data 62

CFO Plans

SEPTEMBER 24, 2024

According to the Small Business Administration, 20% of small businesses fail within their first year, often due to poor financial management. Effective tax planning and accounting are not just about compliance; they are about unlocking opportunities for growth and stability. Get cost-effective financial solutions for your business.

Tax Planning 52

Tax Planning Accounting Planning Budgeting 52

CFO Share

MARCH 15, 2024

Invoicing and Collections: Every invoice sent and every payment followed up on means securing what your business rightfully earns. Payroll: Beyond paying your team, payroll bookkeeping is about regulatory compliance, making sure every dollar aligns with legal requirements. Make it a routine.

Invoicing 52

Invoicing Cash Management Compliance Accounting 52

CFO Plans

MAY 16, 2024

This capability provides CFOs with up-to-the-minute insights into their company’s financial health, fostering more informed decision-making and quicker responses to market changes. Learn About Integration Benefits Security and Compliance in SaaS Accounting Solutions Security is a paramount concern for any financial manager.

Accounting 52

Accounting Compliance Financial Data Manufacturing 52

PYMNTS

JULY 5, 2018

Banks and regulators joined together to begin testing a new KYC-compliance solution developed on R3 ‘s Corda blockchain platform. ” The idea, R3 added, is to enable banks to maintain KYC compliance without having to individually maintain and update KYC records. Testing Continues. This week, the U.K.

Invoicing 47

Invoicing Finance Compliance Banking 47

The Charity CFO

AUGUST 23, 2024

Download the Article For nonprofits, audits are more than just a regulatory requirement–they’re a tool for safeguarding the organization’s mission and financial health. An audit helps improve an organization’s financial transparency, builds donor trust, and ensures compliance with regulations. Final Review and Preparation 1.

Nonprofit 52

Nonprofit Auditing Compliance CFO 52

CFO Plans

JULY 25, 2024

From online bookkeeping solutions to comprehensive financial consulting for businesses, these platforms offer a plethora of functionalities that simplify complex tasks. Enhanced Tax Preparation and Planning Tools Tax preparation and planning are critical components of any business’s financial strategy.

Manufacturing 52

Manufacturing Accounting CFO Startups 52

The Charity CFO

MAY 19, 2023

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. Do You Struggle to Make Sense of Your Financial Statements?

Cash Management 52

Cash Management Nonprofit Compliance Budgeting 52

Future CFO

JANUARY 22, 2024

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.

Accounting 52

Accounting Reconciliations Financial Analysis Financial Data 52

The Charity CFO

JULY 12, 2024

For example, a nonprofit provides a paid service to a community member and issues an invoice. The revenue from the service is recorded now, even though the invoice hasn’t yet been paid. Transparent financial reporting can also improve donor relations. Do You Struggle to Make Sense of Your Financial Statements?

Nonprofit 52

Nonprofit Accounting Budgeting GAAP 52

PYMNTS

OCTOBER 22, 2019

Accounts payable technology company AvidXchange is targeting the healthcare industry with payments and invoicing offerings. The technologies can support the industry’s HIPAA compliance and other regulatory requirements with elevated financial reporting and auditing capabilities.

Healthcare 40

Healthcare Accounts Payable Invoicing Auditing 40

E78 Partners

SEPTEMBER 21, 2023

Audits, while essential for maintaining the integrity and trustworthiness of an organization’s financial reporting, can be a daunting task. Furthermore, in an era of intricate financial landscapes, preparing for compliance with complex accounting standards becomes non-negotiable.

Auditing 52

Auditing General Ledger Reconciliations Accounting Standards 52

The Finance Weekly

APRIL 13, 2024

This includes tracking past financial activities, ensuring compliance and reporting, as well as forecasting future financial scenarios for better budgeting. Its user-friendly interface, coupled with robust features, assists in streamlining financial management and transaction data.

Financial Planning and Analysis (FP&A) 52

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

The Charity CFO

MARCH 28, 2024

An effective accounting system helps you stay in compliance with tax and legal regulations–helping you maintain your exempt status. Your system should take into account any donor restrictions so you stay in compliance with donor or grant requirements. You’ll also need to create a reporting system for donations and grants.

Nonprofit 52

Nonprofit Accounting Budgeting Compliance 52

The Charity CFO

JANUARY 17, 2022

Your core financial reports, which we’ll look at below, exist to answer this one simple question– how much value has your organization created ? Accounts payable is an account containing any outstanding bills or invoices that you haven’t yet paid. It shows as a liability on your financial reports, so it reduces your net assets.

Nonprofit 94

Nonprofit Accounting Profit and Loss Accounts Payable 94

CFO Plans

AUGUST 9, 2024

Modern businesses need comprehensive financial strategies that ensure compliance, drive growth, and improve efficiency. Discover how CFO Plans can transform your financial management and set your business on the path to success. Transform your financial practices with cloud accounting services.

Accounting 52

Accounting Tax Planning CFO Startups 52

The Charity CFO

MARCH 27, 2024

Specifically, nonprofit leaders should consider these factors when looking for software: Requirements for fund accounting Staying in compliance with reporting and filing Fund Accounting Requirements Fund accounting is an accounting system used by nonprofits that focuses on transparency and accountability rather than profits.

Nonprofit 40

Nonprofit Accounts Payable Compliance Invoicing 40

The Charity CFO

NOVEMBER 30, 2023

A missing record or inaccurate numbers make it difficult for the auditors to verify financial transactions. Whether you trust your financial prowess or not, your nonprofit can benefit from a trusted accountant with nonprofit experience. A good nonprofit accountant can help double-check your work and keep your records in compliance.

Nonprofit 52

Nonprofit Auditing Compliance Accounting 52

Future CFO

MAY 5, 2025

This is alongside a strong commitment to employee wellbeing, with a focus on initiatives on flexible or remote working, compliance with standard working hours, and providing increased rest days to foster a supportive work environment. Evolution of roles As the market progresses and shifts, so do the organisations and people.

Finance 52

Finance Reconciliations Compliance Communication 52

The Charity CFO

NOVEMBER 10, 2022

data entry, invoicing, and report generation). Outsourcing financial record-keeping also improves efficiency, eliminates unnecessary expenses, and minimizes grave accounting mistakes. Improves compliance. When you have a clear financial picture, it builds donor confidence and trust in your organization. .

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

The Charity CFO

APRIL 1, 2024

Your nonprofit accounting setup needs to be able to meet tax and legal regulation and reporting requirements so you stay in compliance and retain the public’s trust. Fathom pulls data from QuickBooks and generates monthly financial reports and dashboards. Do You Struggle to Make Sense of Your Financial Statements?

Nonprofit 52

Nonprofit Accounting CFO Accounts Payable 52

The Finance Weekly

APRIL 28, 2024

Also, the subscription service comes with cool features such as follows: Keeping tabs on inventory Sorting out your books Sending out invoices smoothly Managing payroll Dishing out financial reports Linking up with other apps for a seamless workflow Plus, you can share access with different permissions for your team.

Financial Planning and Analysis (FP&A) 52

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