Remove Financial Reporting Remove Invoicing Remove Profit and Loss
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From Jo’burg to Jakarta: The CFO’s Passport to Global Control

CFO Talks

Before setting up shop, understand: Which financial reporting standards apply (e.g. What to Consider Before Crossing the Border If your business is planning to expand internationally or already operates in multiple regions, here are critical areas that require your attention: 1. IFRS, local GAAP)?

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How Business Owners Can Create Good Banking Relationships

CFO Simplified

Produce stable, timely financial reports. You should be getting financial reports within 10 days of the close of the month for yourself to look at anyway. When rebuilding your relationship with your bank, it’s important that your financials are stable. Read this article to learn how to calculate profitability.

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Cash Basis vs. Accrual Basis: What’s the Difference?

CFO Simplified

Here, you’d have a huge amount of profit all at once. However, if you paid to cover all those past due payments, you would register a HUGE loss in that month because of the high amount of cash going out of your business. For example, if you have an invoice that you send out, that’s a sale.

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Tea Leaves and Financial Statements – Something in Common?

CFO Simplified

Financial reports contain the most important reading that a business owner looks at on a regular basis. And yet, for many business owners, reading financial statements can seem as helpful as reading tea leaves. Some of the issues that create confusion are the result of the way the reports are created. It’s that simple.

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Nonprofit Accounting Basics for Founders, Board Members & Executives

The Charity CFO

And then, there are a series of reports and financial statements you’ll use to communicate the financial reality of your organization to potential donors, the IRS, watchdog agencies, and other stakeholders. The basic accounting principles for nonprofit organizations are the same as accounting for for-profit companies. .

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Understanding and achieving a healthy cash flow [Part 4/4]

Creative CFP

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.

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Dealing with Obsolete Inventory

CFO Simplified

Unfortunately, financial reporting had been inconsistent, so the owners wanted help putting together a set of financials that the bank would accept. Financial Reporting Inconsistencies. The bank reported a loss of confidence in management as a result of the inconsistent financial reporting.