CFO News Room

DECEMBER 16, 2022

Out of all the finance jobs available to college graduates, financial managers are some of the highest-paying, with high demand for workers in this field. Bureau of Labor Statistics, employment numbers for Financial Managers are expected to rise by 17% over the next decade , faster than the average for all occupations.

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Finance Budgeting Compliance Financial Analyst 130

The Charity CFO

FEBRUARY 27, 2023

The major tasks of a treasurer can be summed up as follows: Operations management Oversight and compliance Strategic decision-making Operations management The operational tasks of a treasurer concern financial management. These tasks include organizing financial data into helpful reports to be presented to the other board members.

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Nonprofit Compliance CFO Leadership 52

https://trustedcfosolutions.com/feed/

FEBRUARY 11, 2023

Having the right strategies in place helps open up new opportunities while preventing major roadblocks in your financial reporting. Leverage AI-Powered Technology The AI-powered technology of Sage Intacct is adding real value to accounting teams by analyzing and interpreting large amounts of data quickly, efficiently, and accurately.

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Accounts Payable Reconciliations Leverage CFO 62

The Finance Weekly

MARCH 25, 2024

He held the position of Chief Financial Officer (CFO) at CBS Corporation, a major media player, for a good number of years. His main gigs included handling all the financial operations like accounting and financial planning, crafting financial strategies to boost the business, and managing relationships with investors and banks.

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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.

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Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

The Charity CFO

MARCH 27, 2024

Luckily, QuickBooks Online lets your team connect and work with financial data from anywhere with secure internet access. Likewise, if you partner with another organization or business, you may have to work with their accounting team to settle accounts or share financial data. Get the free guide!

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Nonprofit Accounts Payable Compliance Invoicing 40

Boston Startup CFO

APRIL 3, 2023

Here's how outsourcing your accounting can liberate you from number-crunching nightmares and help your startup flourish. Access to Expertise Why settle for a financial novice when you can have an accounting virtuoso at your service? Yes, the dreaded world of debits, credits, and balance sheets.

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Startups Accounting Compliance Financial Reporting 52

The Charity CFO

FEBRUARY 4, 2022

A bookkeeper records and organizes financial data; an accountant interprets and presents that data. . The nonprofit bookkeeper is the front line in the battle for the accurate financial data you need to run your business, so let’s review the core responsibilities of a nonprofit bookkeeper. .

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The Charity CFO

APRIL 24, 2024

Program KPIs How can you tell if your programs and services are making an impact in your community using data? By implementing program KPIs like: Number of Beneficiaries Served: This straightforward KPI quantifies your organization’s reach by measuring the total number of individuals benefiting from programs.

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Nonprofit Auditing CFO Finance 52

https://trustedcfosolutions.com/feed/

MARCH 26, 2023

This includes bank statements, invoices, receipts, and other documents retaining financial data. Review journal entries: Accurate financial reports allow you to make more informed decisions about your business. Check for errors: Make sure your reports have no errors or discrepancies and that all numbers add up correctly.

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General Ledger Accounting Invoicing Financial Data 62

Centage

NOVEMBER 1, 2023

Your budget vs actual statement is a crucial part of a business’ financial reporting. The budget portion of the statement comes from a financial plan. This difference between these two numbers is the most important part of a budget vs actual statement: the budget variance.

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

Centage

SEPTEMBER 7, 2021

This is what only looking at traditional financial reporting is like. You can examine the numbers and look at what happened over the last month, or quarter, or year. But without digging into more underlying data, it’s difficult to get a complete picture on why.

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Finance Data Analysis Forecasting Budgeting 52

Collectiv

JUNE 13, 2023

A well-organized financial report also helps you communicate your impact, explain your needs, identify opportunities, and inform timely and accurate decisions. Using Power BI for nonprofit data enables you to visualize financial data, customize reports for different audiences, and distribute them automatically.

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CFO Leadership

OCTOBER 10, 2023

They’re not very good at mathematics or dealing with numbers in general. While other AI models are far superior to humans in their ability to perform complex mathematics and spot trends, patterns, and variances across a broad swath of data, LLMs are not. With a large and diverse enough data set (e.g.

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Finance Accounting Auditing IFRS 95

Centage

JUNE 7, 2022

Once upon a time the role of CFO was focused on backward-looking data. However, these days, chief financial officers do a great deal more than financial reporting. Keep reading for best practices for impressing owners and employees alike as a new chief financial officer.

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CFO Forecasting Budgeting Data Analysis 97

The Finance Weekly

NOVEMBER 8, 2022

As the number and quality of software tools increases, companies are constantly looking to find better ways to cut down on manual work and increase efficiency. Finance is responsible for a large number of critical operations in a business. Finance is responsible for a large number of critical operations in a business.

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Financial Planning and Analysis (FP&A) Finance Accounts Payable Invoicing 98

PYMNTS

JANUARY 9, 2019

One way this shift has materialized is in how small businesses seek and hire financial professionals to join their companies. These reports reflect the changing role of the human financial professional. “Bookkeeping is the low-value work performed by accounting firms,” he said.

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Accounting Corporate Finance Accounting Firms Auditing 71

Fpanda Club

SEPTEMBER 2, 2021

Planning, budgeting and forecasting are linked together forming financial planning processes. Financial analysis is a type of economic analysis based on the financial data and focused on the assessment of stability and evaluation of profitability of a company, business or project.

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PYMNTS

OCTOBER 29, 2018

More than 670 professionals at mid-sized and large firms were asked about how they collaborate with human resources and IT departments, both areas of the enterprise that have significant impacts on financial management. Furthermore, researchers found CFOs lack the knowledge and skill set needed to mitigate risk.

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CFO Corporate Finance Finance Risk Management 58

The Finance Weekly

NOVEMBER 27, 2023

Key Performance Indicators (KPIs) play a crucial role, especially in , financial reporting. To assess your company's financial well-being, it's better to be objective rather than subjective. This ensures that decisions are based on information and data. Why KPIs are Important to your Business?

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Centage

DECEMBER 7, 2022

the maker of QuickBooks Online Advanced, to bring automated budgeting, forecasting, reporting and analytics capabilities to QuickBooks Online Advanced customers and mid-market organizations looking for more robust and streamlined budgeting capabilities. Want to see it in action? Check out our video here.

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Budgeting Planning Forecasting GAAP 98

CFO Leadership

OCTOBER 18, 2023

They’re not very good at mathematics or dealing with numbers in general. While other AI models are far superior to humans in their ability to perform complex mathematics and spot trends, patterns, and variances across a broad swath of data, LLMs are not. With a large and diverse enough data set (e.g.

Finance 52

Finance Accounting Auditing IFRS 52

PYMNTS

OCTOBER 30, 2020

Businesses also prioritize having up-to-date financial status data that will enable them to carefully oversee liquidity across all their various bank accounts and to make accurate decisions. On the consumer side, [cash flow reporting is] not a concern,” Carter said. “If

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B2B Economics Banking Prioritization 59

Musings on Markets

JULY 14, 2021

Almost in parallel, accounting as a profession found its footing and worked on creating rules that would apply to reporting, at least at publicly traded companies, with GAAP (Generally Accepted Accounting Principles) making its appearance in 1933.

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GAAP Forecasting Accounting Numbers 52

Planful

JANUARY 11, 2022

Consider how the State of Pennsylvania overpaid a school district by half a million dollars because the spreadsheet data supplied by the district inflated enrollment numbers. When the clerical error was eventually caught, the district pledged to retrain their staff and assign a supervisor to oversee future reporting.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Reconciliations 40

Spreadym

JUNE 19, 2023

These features provide comprehensive visibility into your cash flow and help you make informed financial decisions. Real-time Updates: Xero provides real-time updates of your financial data, ensuring that you have access to the most up-to-date information about your cash flow.

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Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

Planful

AUGUST 30, 2016

28% – Use of Big Data or Non-Financial Data. In looking at the survey results by company size, the number of respondents indicating Lack of Systems was even higher in smaller companies. The third most common response was Difficulty Accessing the Necessary Data and Reports (21%). EPM INITIATIVES.

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Finance Budgeting Forecasting Planning 40

Centage

JULY 25, 2023

Otherwise, you risk sharing incorrect financial data. Consolidating your financial data across several general ledgers quickly becomes complicated when you use spreadsheets. Fortunately, Planning Maestro offers cloud budgeting and planning software that simplifies the financial consolidation process. .

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Budgeting Financial Planning and Analysis (FP&A) General Ledger Forecasting 98

Centage

SEPTEMBER 6, 2022

As organizations expand, they will need to rely on more complex reporting functions. Unfortunately, Excel has very defined limits that can make it challenging for businesses to publish their financial reports more quickly and efficiently. Still, many depend on this program for these critical tasks.

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Securities Cash Flow Forecasting Budgeting Forecasting 98

The Charity CFO

FEBRUARY 25, 2022

You don’t record any financial data in the Chart of Accounts itself; it’s like an organizational map of your accounting structure. In a nonprofit’s Chart of Accounts, each account is identified in four ways: number, name, category type, and a short description. Rename with your bank account and account number.

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Nonprofit Accounting Accounts Payable GAAP 98

Centage

SEPTEMBER 14, 2021

Today’s business budgeting and financial planning solutions must provide business insight in real time and let budget owners and planners collaborate with confidence in numbers. Compounded over many rows, even a simple mistake can lead to faulty financial data. Change is here.

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Budgeting General Ledger Data Analysis Financial Data 96

Centage

SEPTEMBER 6, 2022

As organizations expand, they will need to rely on more complex reporting functions. Unfortunately, Excel has very defined limits that can make it challenging for businesses to publish their financial reports more quickly and efficiently. Faster publishing for financial reports and dashboards. Sensitivity analysis.

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Securities Cash Flow Forecasting Budgeting Forecasting 52

The Finance Weekly

APRIL 13, 2024

The finance industry employs a multitude of software solutions to facilitate budget creation, and financial reporting, and to assist financial analysts and investors with financial planning and forecasting. However, with the abundance of finance software available today, selecting the right one can feel overwhelming.

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

PYMNTS

MARCH 19, 2020

It’s what enabled HostBooks to recently announce the launch of its mobile app, a key feature for SMBs that must gain access to financial data regardless of location, said Rana. Rana said this connectivity is key for financial reporting and tax filing. ” A Waterfall Effect.

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Accounting Invoicing Accounts Payable Financial Data 62

Centage

JANUARY 19, 2024

The focus is on balancing a small number of internal departments and/or projects, ensuring that resources are allocated in a manner that aligns with organizational goals. Collating detailed financial reports and insights from each location/unit enables you to take calculated steps towards financial optimization.

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Financial Planning and Analysis (FP&A) Budgeting Data Analysis Numbers 52

Centage

JANUARY 17, 2023

Your budget vs actual statement is exactly that – an important part of a business’s financial reporting that shows, for a period of time, what your actual income and actual expenses look like compared to what you thought they would. Budget vs Actual Statement – What It Is and What It Isn’t.

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Financial Planning and Analysis (FP&A) Budgeting Planning Forecasting 98

Collectiv

MAY 22, 2023

The team at Collectiv is skilled at both guiding teams in making this conversion as well as defining the ideal scope of reports that are even necessary to migrate. We recently completed a project with a food services organization that required specific financial reports and technical documents.

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