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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). Financial Consolidation is More Than Just Adding Up Numbers.

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

The CFO College

Yes, automations can crunch numbers, but there is so much more to providing accounting services than calculations. Either way, you might be struggling to get consistent work or charge the higher fees that you’ve been wanting. Thankfully, bookkeeping is far from irrelevant -- you just need to learn to adapt as the industry changes.

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

Onplan

Despite its extensive number of integrations, Adaptive has seen users complain that ERP integrations tend to break and require a long time and multiple support interventions to repair. Automated reporting also enforces compliance with GAAP and IFRS standards. It also offers convenient multi-currency management. Key features.