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Capitalising on the Fintech apps in APAC

Future CFO

Supriya Deka: The general features of financial applications include accounting, reporting & analytics, bank reconciliation, billing & invoicing, asset management, budgeting & forecasting, financial risk management, expense tracking, and payroll management.

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Best Practices to Perfect Your Month-End Close With Sage Intacct

https://trustedcfosolutions.com/feed/

Uses one set of financials and multi-dimensional reporting with an integrated General Ledger and real-time views of current and historical data. Allows user-defined workflows to improve efficiency, compliance, and transparency, providing consistent audit trail visibility. Customize Your Chart of Accounts With Dimensions.

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5 Steps to Prepare your Organization for a Financial Audit

E78 Partners

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.

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Nonprofit Audit Checklist (+ Free PDF Download)

The Charity CFO

We won’t deal with other types of nonprofit audits , like compliance audits or governmental audits, which can differ in certain respects. That means keeping your paperwork organized, staying current on your reconciliations, tracking restricted funds , and accurately recording all your expense and revenue transactions each month.

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Finance functions aim for a touchless close

Future CFO

Finance has also invested heavily in technology to reduce time to close, with three technologies deployed by more than half of functions already: general ledger technology, a financial close solution, or workflow automation, Gartner said. 86% said they wanted a faster, real time close. 68% mentioned they want a cheaper close.

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How Data Guides A New Era For The ERP

PYMNTS

“Native ERP reporting typically isn’t optimized to handle the structure of financial data, or many of the complex requirements like granular data, drill-downs, automated reconciliation and comparative reporting,” he said. Efforts to modernize procurement and accounts payable are also opportunities for data integration with the ERP.

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The Basics of Nonprofit Bookkeeping

The Charity CFO

Prepare bank reconciliations. Execute data entry to keep the general ledger current . On top of that, nonprofit bookkeeping requires staying updated on income tax changes and filing requirements to ensure compliance. . Record and classify payments and bank transfers . Organize and maintain receipts . Manage payroll .