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How Do I Forecast with Tax Code 280E?

CFO Share

Your strategic business forecasting must include proper considerations for section 280E – this is essential to planning cash flow and avoiding catastrophic tax bills at year-end. Even worse, an IRS income tax return does not follow the same rules as GAAP. How do I forecast for the 280E tax code? What is IRS section 280E?

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Highest Paid CFOs in the World in 2024

The Finance Weekly

They also pitch in on major financial moves like mergers and fundraising. They double-check financial reports for accuracy and offer advice to the company leaders and the board. The CFO's job is to decipher various departmental forecasts to create profit projections for the CEO and shareholders.

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Digital acceleration to drive finance leadership in 2022

Future CFO

According to Gartner , finance leaders anticipate a greater percentage of their time will be spent in improving flexibility of budgeting & forecasting (58%), closely followed by developing digital skills (56%) and redefining employee value proposition in hybrid environments. What does this mean to the finance and accounting team of 2022?

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Centage vs Excel: End your spreadsheet dread

Centage

Russell Taylor, Controller, Mountain View Hospital Centage saves our users hours (if not days) in budget and forecast creation, thanks in large part to our unique formula-free FP&A design. It became very evident that we needed one source of truth for all things budgeting and forecasting.”

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2023 and Beyond: Budgeting & Planning with QuickBooks Online Advanced to Manage Through Constant Change

Centage

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. Real-time reporting – specifically around variance reporting, and alerting.

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When consolidating multiple P&Ls breaks your spreadsheets

Centage

This quote, from the Controller at a multi-entity vineyard and winery in California , is representative of the pain points involved with rolling up multiple P&Ls: “I’d have a spreadsheet with 20 tabs , all of which were linked to a GAAP-based P&L on the first tab. In turn, I was able to upload those expenses into Centage.

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How to create & use pro forma statements

Cube Software

Think of pro forma statements as a monetary crystal ball, a guiding financial forecast. The Securities and Exchange Commission (SEC) requires that discrepancies between pro forma and GAAP-compliant financial reports be explained when released to the public.

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