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3 Ways to Improve Your Company’s Financial Management Right Now

Beacon CFO Plus

Adopting a proactive approach to cost control can enhance financial stability and improve overall profitability. Focus on optimizing cash flow by implementing effective invoicing and collection processes. Enhance cash flow management. Encourage timely payments from customers and negotiate favorable payment terms with suppliers.

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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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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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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. The completion of bank reconciliations and management reports falls under the Controller’s purview, who also prepares and issues financial statements.

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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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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.

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ACH Shows Signs Of B2B Payments Dominance

PYMNTS

13), Bill.com said in its report, “ The Rise of Modern Business Payments ,” that accounting professionals now point to ACH payments as the dominant way they pay their corporate bills, with 73 percent noting that they use ACH payments and online banking to pay their clients’ invoices. In an announcement on Thursday (Dec.

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