CFO Thought Leader

JULY 31, 2024

Jack Sweeney “Very often, finance people are stuck with whatever the financial reporting systems and general ledger puts out, but this information has all of the really interesting operational detail pretty much stripped away from it. In order to find out what’s really going on, you have to go out and talk to people.

Finance 52

Finance General Ledger Education Accounting Standards 52

https://trustedcfosolutions.com/feed/

JANUARY 19, 2021

To get specific, we’ll cover the following topics: A History of the General Ledger. General Ledger’s History. Dimensions are available in general ledger transactions and operational transactions. Define Sage Intacct (SI) Dimensions and how to recognize real ones.

General Ledger 67

General Ledger Accounting CFO Budgeting 67

Future CFO

MAY 31, 2023

These allow us to be able to provide the types of financial reporting services ranging from general ledger, accounting, reporting, audit and compliances. We also do support asset accounting and tax reporting," he added.

Finance 98

Finance General Ledger Prioritization Auditing 98

CFO Share

JULY 16, 2024

Financial Record-Keeping Controllers maintain the company’s financial records, ensuring the accurate recording of every transaction, including general ledgers, accounts payable/receivable, and payroll. Compliance and Reporting Controllers ensure the company complies with all financial regulations and standards.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) CFO Compliance General Ledger 98

CFO Simplified

OCTOBER 24, 2022

If you pull an inventory value report, does the amount of the inventory that’s on that report match what you’ve got in your general ledger?” All of these accounts must be reconciled regularly. “If asks Larry. “If His advice? Don’t just sit idle and let your accounts sit idle as well.”.

Accounting 98

Accounting General Ledger CFO Accounts Payable 98

PYMNTS

JANUARY 22, 2019

Crowe is addressing this friction with the rollout of its Crowe Automated Reconciliation for Healthcare tool, providing hospitals a three-way match solution between their general ledgers, patient accounting systems and banking providers.

Cash Management 73

Cash Management General Ledger Reconciliations Healthcare 73

https://trustedcfosolutions.com/feed/

JUNE 2, 2022

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

Finance 104

Finance General Ledger IFRS GAAP 104

https://trustedcfosolutions.com/feed/

MAY 27, 2022

Sage Intacct provides a sophisticated multi-dimensional general ledger. Each location, franchise, or entity can use its own chart of accounts, taxation rules, and financial reporting requirements while also providing the organization with a view of everything.

Accounting 108

Accounting General Ledger Accounts Payable Cash Management 108

CFO Share

MAY 22, 2024

Take the time to examine your item masters, product codes, general ledger mappings, and the structure of your chart of accounts. Instead, use a checklist to exhaustively check all potential problems, identify issues to fix, and plan the correct order to address them. Ignoring the system setup. Mistake 3: Procrastinating cleanup.

Profit and Loss 105

Profit and Loss General Ledger Accounting Financial Reporting 105

CFO Share

JULY 14, 2022

Too many general ledger (GL) accounts. Too many general ledger accounts. That can lead to “GL diarrhea”: too many ledgers, multi-page P&Ls, and unusable financial statements. Unusable financial statements come from one or many distinct sources. Incorrect costing or no costing.

General Ledger (GL) 52

General Ledger (GL) General Ledger Profit and Loss Invoicing 52

The Charity CFO

APRIL 29, 2022

Examine the general ledger for expenses that should have been capitalized, income that should have been recorded as liabilities, or other unusual transactions. Every number agrees to the relevant account balance or general ledger transaction. Reconcile net assets (with and without donor restriction).

Nonprofit 105

Nonprofit Auditing General Ledger Reconciliations 105

PYMNTS

SEPTEMBER 22, 2020

Companies will have easy access to real-time reporting, expense capture, policy management and approvals, general ledger sync and analytics, improving on old ways that could be more cumbersome, according to the release.

General Ledger 70

General Ledger Banking Budgeting B2B 70

CFO Simplified

APRIL 17, 2022

Manufacturing variances were caused by a variety of factors, but the summary general ledger (GL) postings didn’t provide an answer. . To identify where the losses were occurring, job estimates were first compared to the final production costs.

General Ledger (GL) 92

General Ledger (GL) Profit and Loss General Ledger CFO 92

Centage

JANUARY 3, 2023

Connectivity: Our software can automatically integrate with your general ledger for budget analysis, offering a clearer picture of your company’s financials. Automation: Planning Maestro automates tedious tasks using financial intelligence and built-in logic, reducing manual data input while improving workflow efficiencies.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) General Ledger Budgeting Forecasting 98

PYMNTS

AUGUST 12, 2020

In addition, project managers don’t need to find certain projects by general ledger (GL) account code numbers; instead, they can locate them by name. As a result, administrators and approvers have a faster way to take care of problems. Administrators can also provide some access to the search system to auditors.

Construction 69

Construction General Ledger (GL) Accounts Payable General Ledger 69

CFO Talks

JUNE 23, 2022

An effective financial team should be able to build frameworks to create “data lakes” for general ledger information, inventory, HR information, sales data and external information. To do this, they must surround themselves with a versatile, innovative and adaptable finance team. Here’s how you can build one.

Finance 52

Finance General Ledger CFO Accounting 52

https://trustedcfosolutions.com/feed/

MARCH 26, 2023

This involves matching the balances in your general ledger to the balances in your bank statements and other financial records. Make sure everything is accurate and there are no discrepancies. Reconcile accounts: Once you’ve reviewed all transactions, you’ll need to reconcile and account for all transactions.

General Ledger 62

General Ledger Accounting Invoicing Financial Data 62

https://trustedcfosolutions.com/feed/

JULY 28, 2022

It features a role-based dashboard, a multi-dimensional general ledger that enables restaurants to streamline their chart of accounts and get richer information faster, giving you visibility across and into multiple entities, locations, and brands at the touch of a button.

Accounting 113

Accounting General Ledger Sales CFO 113

https://trustedcfosolutions.com/feed/

APRIL 5, 2023

Uses one set of financials and multi-dimensional reporting with an integrated General Ledger and real-time views of current and historical data. Streamlines invoicing and payment processes help you get paid faster and reduce the time it takes to close out the month.

General Ledger 62

General Ledger Reconciliations Accounting Standards Leverage 62

VCFO

AUGUST 9, 2023

Once there, a mechanism to translate Direct Labor Hours into Direct Labor Dollars and get that information into the general ledger is needed. Because most people view filling out timesheets with the same disdain as submitting expense reports, it can require a big cultural shift to get employees to complete this task consistently.

General Ledger 80

General Ledger Benchmarking Leverage Budgeting 80

Future CFO

AUGUST 1, 2023

Financial and accounting processes include managing the general ledger, accounts receivable & payable, billing and invoicing, reporting & analytics, bank reconciliation, budgeting & forecasting, etc.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

CFO Simplified

DECEMBER 26, 2021

They review bank and credit card monthly reconciliations to assure accuracy and they review general ledger postings for the month—identifying any anomalies that might have crept in and writing up adjusting journal entries for bookkeepers to enter.

Finance 52

Finance General Ledger CFO Auditing 52

PYMNTS

APRIL 7, 2020

The program can be used for everything from intercompany transactions, accounts payable and receivable, travel and entertainment (T&E) reporting, bank clearing and lockbox to general ledger cash accounts. The Transaction Matching software goes hand-in-hand with OneStream’s existing Account Reconciliation.

Reconciliations 56

Reconciliations Accounting General Ledger Accounts Payable 56

The CFO College

AUGUST 31, 2021

As an accounting professional, you need to set up many processes for efficient data tracking, including: Month-end tie-out system to close out balance sheets, reconcile general ledger accounts, with full tick marks. Perpetual data room that gives all applicable parties access to reports, transactions, and tax information at any time.

Startups 81

Startups Accounting General Ledger Forecasting 81

Future CFO

SEPTEMBER 26, 2022

Finance has also invested heavily in technology to reduce time to close, with three technologies deployed by more than half of functions already: general ledger technology, a financial close solution, or workflow automation, Gartner said. 86% said they wanted a faster, real time close. 68% mentioned they want a cheaper close.

Finance 52

Finance General Ledger Reconciliations Auditing 52

CFO Simplified

NOVEMBER 21, 2022

Take those expenses and summarize them by the GL (general ledger) account that’s being used for those expenses. So at the end of the month, what you want to do is replenish and reconcile that account just like you do any other account in your company”. . You then want to, .

General Ledger 98

General Ledger Reconciliations CFO Accounting 98

PYMNTS

MARCH 31, 2020

The technology works in the background to provide correct approval routing and general ledger (GL) coding at the bill as well as bill line level. .” Tipalti Pi is created to help during the payable process such as by optimizing payables workflow. It learns to register bill fields for line-level charges.

Accounts Payable 53

Accounts Payable General Ledger (GL) Accounting General Ledger 53

The Finance Weekly

NOVEMBER 3, 2021

Account reconciliation is the matching and validating of balances in the general ledger (GL) to internal and external sources or other independent calculations to accurately close month-ends and year-ends. For both internal and external sources, each balance has to match the corresponding account in the general ledger.

Reconciliations 52

Reconciliations General Ledger (GL) Accounting Finance 52

PYMNTS

NOVEMBER 2, 2018

An expansion of its existing integration will introduce enhanced General Ledger Interface mapping via Accountant Connect, allowing accountants to seamlessly link into and interface with QuickBooks and other accounting platforms to manage their small business (SMB) clients’ finances.

General Ledger 62

General Ledger Accounts Payable Benchmarking Accounting 62

Future CFO

AUGUST 2, 2021

Compiling disparate operational data and relating them to the general ledger is key to unlocking the value of xP&A. Multinationals have the highest overall xP&A score, while organisations based in APAC and North America (US and Canada) tied.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) General Ledger Forecasting Corporate Finance 40

PYMNTS

DECEMBER 18, 2018

17), Paychex said its General Ledger Service (GLS) now integrates into QuickBooks Online for faster access to key data for both small businesses and their accountants. Human resources and payroll management solution provider Paychex is integrating its data into QuickBooks Online to synchronize data for joint customers in real time.

General Ledger 62

General Ledger Accounting Finance Investments 62

The Finance Weekly

MAY 20, 2024

During bank reconciliation, companies compare their bank statements with the cash accounts in their general ledger , identifying discrepancies and making necessary adjustments for unrecorded transactions, like outstanding deposits or new bank fees.

Reconciliations 52

Reconciliations Banking General Ledger Accounting 52

Michigan CFO

JUNE 14, 2022

Some of their general responsibilities are highlighted below. By keeping accurate records of financial transactions with a general ledger, comptrollers and controllers can monitor cash flow and manage finances effectively. They both manage the accounting operations of public and private organizations, respectively.

General Ledger 40

General Ledger CFO Budgeting Accounts Payable 40

E78 Partners

SEPTEMBER 21, 2023

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.

Auditing 52

Auditing General Ledger Reconciliations Accounting Standards 52

PYMNTS

MARCH 7, 2019

Earlier this year, payroll company Paychex announced its own API integration with QuickBooks Online , a move that enables data to move between the Paychex General Ledger Service into the QuickBooks Online platform. Other areas of payroll and human capital management are exploring the benefits of API integrations, too.

General Ledger 53

General Ledger B2B Securities Sales 53

PYMNTS

DECEMBER 9, 2020

data entry into our general ledger accounting system,” he explained. “Because we create a card with a specific purpose, we can also — in some respects — automate some of [the] back-end accounting aspects, and we can create rules on different cards to automate some.

General Ledger 62

General Ledger Budgeting B2B Accounting 62

Fpanda Club

MARCH 28, 2021

Lagging At this stage of the maturity, the FP&A function or team is usually a part of other finance entities such as accounting, treasury or finance function in general, with roles and responsibilities that are not clearly defined and processes that lack formal description.

Budgeting 130

Budgeting Forecasting General Ledger Finance 130