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How Complex Are Your Business Finances?

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Use dimension values to capture your business transactions, operational measures, and budgets in General Ledger. GAAP, IFRS, and cash base side by side for better visibility. Seamless scaling without adding headcount. Ability to implement user-access controls. Ability to view performance on U.S. Define your own workflows.

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5 Steps to Prepare your Organization for a Financial Audit

E78 Partners

Implement Robust Documentation Procedures Maintaining organized records is paramount for any organization, necessitating a systematic approach to filing and ensuring easy access to crucial documents like financial statements, general ledgers, bank statements, and invoices.

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The Basics of Nonprofit Bookkeeping

The Charity CFO

Nonprofits must maintain thorough and accurate financial records to comply with both Generally Accepted Accounting Principles ( GAAP ) and maintain their tax-exempt status with the IRS. Execute data entry to keep the general ledger current . And it’s impossible to do that without accurate bookkeeping. Manage payroll .

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What is the Financial Consolidation Process in the Accounting World?

Planful

Assets, Liabilities, Equity, Revenue, and Expense accounts) from multiple general ledger systems, and mapping it to a centralized chart of accounts. GAAP or International Financial Reporting Standards (IFRS). Consolidating the data following specific financial accounting rules and guidelines, such as U.S.

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Two CFO-Level Accounting Tools to Add Value to Your Accounting Services

The CFO College

And then there are documents that YOU (their accounting team) must provide and keep on record in order to comply with GAAP, and in order for other stakeholders to use in case of an audit, or even if they are needed when trying to secure additional funding.

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ERP and EPM Systems – Better Together

Planful

General ledger accounting. The data in an ERP system is typically summarized in the general ledger module. These systems provide built-in support for complexities such as currency translation, intercompany eliminations, and reporting under multiple accounting guidelines, such as US GAAP or IFRS.

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10 Best FP&A Software Tools: A Comprehensive Buyer’s Guide [2023]

Onplan

The Centage platform includes features like ad-hoc reporting, asset lifecycle management, a general ledger, centralization, dashboards, access and version controls, cash management capabilities, and KPI tracking. Automated reporting also enforces compliance with GAAP and IFRS standards. Key features.