CFO Simplified

FEBRUARY 17, 2022

But understanding your company’s profitability is critical to making the right decisions. Confusion over cash-versus-accrual reporting creates continuing questions for business owners. The business’ part-time CFO was providing financials that didn’t match the reports they received from their accountant. Initial contact –.

Accounting 52

Accounting Retail Profit and Loss Cash Flow Forecasting 52

CFO Simplified

SEPTEMBER 11, 2023

I think that the Statement of Cash Flows is the disrespected stepsister of financial reporting, much like Cinderella. So, let’s look to see how this Cinderella report can help you plan for and understand your use of cash. So, let’s look to see how this Cinderella report can help you plan for and understand your use of cash.

Cash Flow Forecasting 52

Cash Flow Forecasting Forecasting Profit and Loss Financial Reporting 52

CFO Simplified

FEBRUARY 17, 2022

The company was profitable, but after some moves to expand the business, they were worried about depleting their cash reserves and using up their line of credit with the bank—which would put a halt to further expansion plans. The company opened an eBay store and turned the trade-in losses into a new profit center. 11,500,000.

Profit and Loss 52

Profit and Loss Cash Flow Forecasting CFO Financial Reporting 52

CFO Simplified

JUNE 1, 2023

Most business owners get financial reports monthly: Profit and Loss, Balance Sheet, Statement of Cash Flows. The problem is, those monthly reports show your financial performance in the past — what has already occurred in your business. For example, do you have a cash flow forecast? More profitably.

Cash Flow Forecasting 52

Cash Flow Forecasting Profit and Loss Strategic Planning CFO 52

The Finance Weekly

FEBRUARY 23, 2022

A study by the University of Baltimore and Excel-based FP&A company, , DataRails , lays out the full economic costs of businesses sticking with manually prepared financial reports. billion is the first number that came out of the research and this represents the total amount of money lost by manual financial work.

Financial Planning and Analysis (FP&A) 83

Financial Planning and Analysis (FP&A) Profit and Loss Budgeting Math 83

Creative CFP

NOVEMBER 2, 2020

The cash flow statement is the final piece of the puzzle when it comes to the monthly management reports that we prepare here at Creative CFO. This is without a doubt one of the most important and often overlooked financial reports within the monthly report pack. In essence, profits do not always equal cash.

Profit and Loss 52

Profit and Loss Cash Flow Forecasting Invoicing Forecasting 52

Centage

NOVEMBER 8, 2023

FP&A software for nonprofits empowers financial teams to focus on value-added services and help steer the organization to a healthy future rather than getting bogged down in budgeting details. Here are three key benefits of adopting nonprofit budgeting and forecasting software. The right tools can make all the difference.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Nonprofit Budgeting GAAP 52

The Charity CFO

OCTOBER 9, 2023

Understanding the Role of Accounting Setup for a Nonprofit Organization Accounting systems are a vital part of every business or organization, from the largest for-profit corporations to the smallest local charities. They’re an underrated pillar of financial stability, which is why it’s so crucial to get them set up correctly.

Nonprofit 59

Nonprofit Accounting Profit and Loss Compliance 59

CFO Simplified

FEBRUARY 17, 2022

Bring Value through CFO Insights: Like any forecasting tool, proper budgeting allows management to make decisions that can help the company avoid future problems. The initial draft of the budget projected a year-end loss of over $3.3 Develop a cash flow forecast. Financial reporting was erratic. Evaluation.

Budgeting 52

Budgeting Cash Flow Forecasting Profit and Loss CFO 52

CFO Share

OCTOBER 14, 2021

Continuously shrinking cash despite profitable financial reporting. Negotiations do not always recover 100% of the losses, so you will need to write off a portion of the fraud as losses. Depending on your situation, you may need to: Use a 13 week cash flow forecast weekly. What is proper fraud management?

Profit and Loss 52

Profit and Loss Cash Flow Forecasting Restructuring Auditing 52

Adam Kae

SEPTEMBER 24, 2020

Here's a Brief List of (Some) CFO Tasks: Financial Reporting. You should be producing regular reports of your finances. These include Cash Flow Statements, Profit/Loss Statements, and Balance Sheets. It's one thing to have QuickBooks run a report. Forecasting. Risk Assessment. The big benefit?

Healthcare 52

Healthcare CFO Profit and Loss Forecasting 52

Planful

JANUARY 11, 2022

Consistent with their 2018 forecast, McKinsey’s late 2020 study found that organizations that invested more in digital than their competitors were twice as likely to report outsize revenue growth. This was great for business but led to increasingly long financial reconciliation times. What does this all mean?

Financial Planning and Analysis (FP&A) 40

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

Collectiv

NOVEMBER 16, 2021

The most valuable indicators of the financial health and position of an organization are the metrics that are tracked in financial statements—Balance Sheets, Profit and Loss Statements, Cash Flow Statements, Account Receivables, and more. Ready to learn a better way to visualize and present financial reporting?

Financial Reporting 75

Financial Reporting Profit and Loss Budgeting Analyzing Data 75

Centage

NOVEMBER 22, 2021

Budgeting and planning software for nonprofits quickly put analytics-based actionable reports and dashboards at every stakeholder’s fingertips to drive faster, more confident decisions. For more information on how to modernize your office of finance with intelligent planning , view our product demonstration video , or call 800-366-5111.

Financial Planning and Analysis (FP&A) 72

Financial Planning and Analysis (FP&A) Nonprofit Planning Finance 72

Spreadym

AUGUST 10, 2023

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have. What is financial reporting software?

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) CFO Accounting Standards 52

Creative CFP

OCTOBER 2, 2020

There is an automatic link to XE.com , so multi-currency transactions are converted automatically to your reporting currency. When you pay the foreign supplier or receive money from a foreign client, Xero calculates the foreign exchange profit and loss and posts the journals automatically. Fixed assets are a breeze.

Accounting 52

Accounting Finance Cash Flow Forecasting General Ledger 52

Cube Software

MAY 11, 2023

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.

GAAP 40

GAAP Financial Planning and Analysis (FP&A) Profit and Loss Accounting Principles 40

Centage

DECEMBER 12, 2023

When it comes to analyzing a company’s financial health, one of the most important documents to look at is the consolidated profit and loss statement (often called a P&L, P and L, or P&L statement). What kinds of companies need a consolidated P&L forecast? What is a consolidated P&L statement?

Profit and Loss 52

Profit and Loss Budgeting Forecasting Compliance 52

Future CFO

JULY 13, 2020

“With the sales being affected with advertisers not placing the ads, we are mulling over scenarios where we adapt a revenue-share or profit-share basis to be able to fund new programmes. Because programming licenses are very high, and we may not meet some profitability scenarios that we have. Umeer Zahoor.

Planning 52

Planning Finance Manufacturing Advertising 52

Musings on Markets

NOVEMBER 1, 2023

I profited mightily on that investment, but I sold too soon , when Tesla's market capitalization hit $150 billion, and just before COVID put the company on a new price orbit. In short, Tesla's financial reports, are an illustration of how much expectations can play a role in how markets react to the news in them.

Valuation 114

Valuation Profit and Loss Numbers Sales 114

Planful

OCTOBER 5, 2021

Who could argue with fewer days spent in consolidation, forecasting, and reporting? Prior to bringing in Planful, it took CBIZ up to four hours to create profit and loss statements (P&Ls) and one to two weeks to put these P&Ls into usable financial models that could be packaged for reports in the month-end close.

Financial Planning and Analysis (FP&A) 40

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

Barry Ritholtz

SEPTEMBER 12, 2022

And I — I — I don’t like to ask people for predictions and forecasts, but you’re looking at the flows and you get client questions all the time. The next question that you alluded to, which is really interesting about revenue and profits, how solid in inflation hedge are equities? RITHOLTZ: … it’s almost respectable, right?

Investments 116

Investments Marketing Profit and Loss Banking 116