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. . With everyone keeping their eye on the ball, the number of production problems dropped. They were nearly epidemic. This resulted in cost variances being reduced to less than 5% in 90 days.

General Ledger (GL) 92

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

CFO Share

JULY 14, 2022

Is your balance sheet littered with negative numbers and old, incorrect figures? 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. Incorrect costing or no costing.

General Ledger (GL) 52

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

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

Planful

FEBRUARY 16, 2017

At medium to large companies, you could be looking at many different spreadsheets with data sourced from various financial applications, and you have no idea how accurate those numbers are or whether you’ve got the latest version. Year-end close shouldn’t strike fear into your heart, though.

Numbers 40

Numbers General Ledger (GL) General Ledger Financial Reporting 40

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. Check for errors: Make sure your reports have no errors or discrepancies and that all numbers add up correctly. Make sure everything is accurate and there are no discrepancies.

General Ledger 62

General Ledger Accounting Invoicing Financial Data 62

Centage

JULY 25, 2023

Consolidating your financial data across several general ledgers quickly becomes complicated when you use spreadsheets. They will not be able to change numbers to determine how different elements impact the reporting, and they cannot gain a better understanding of the relationship of the data to other factors.

Budgeting 98

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

VCFO

AUGUST 9, 2023

Utilization Utilization is calculated by dividing the total number of hours employees worked on billable projects (Direct Labor) by their total hours available (Total Labor). Once there, a mechanism to translate Direct Labor Hours into Direct Labor Dollars and get that information into the general ledger is needed.

General Ledger 83

General Ledger Benchmarking Leverage Budgeting 83

The CFO College

AUGUST 31, 2021

Investors want to see a number of worthy components before they sink money into a company. Convincing investors to fund your client also requires you to prove solid numbers and components. Helping your startup attract an investor begins with understanding an investor’s challenges.

Startups 81

Startups Accounting General Ledger Forecasting 81

CFO Simplified

NOVEMBER 6, 2023

Register with the IRS — get an EIN — an Employer Identification Number You get an EIN from the IRS, after answering a few questions on the IRS’ website. Does it have a general ledger with numbered accounts? It’s important that you understand the numbers and the reality behind starting your company. It’s scary.

General Ledger 52

General Ledger Strategic Planning CFO Accounting 52

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

MARCH 4, 2020

One of the largest is in corporates’ struggle to manage the growing number of back-office solutions in place, while managing the pain point of aggregating data across these platforms and consolidating it. Efforts to modernize procurement and accounts payable are also opportunities for data integration with the ERP.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

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. The controller may propose changes in how things are processed. Staff Accountant .

Finance 52

Finance General Ledger CFO Auditing 52

CFO Thought Leader

SEPTEMBER 17, 2023

Having worked mostly for public companies, I‘ve been trained to not talk about any number that isn’t public information, but here at Carta, we are very transparent,” remarks Kevers, who adds that he is routinely surprised by how Carta employees respond to numbers.

CFO 52

CFO General Ledger Finance Communication 52

PYMNTS

MARCH 7, 2019

“The API-driven integration platform that M3 supports will allow us to increase security, and decrease the number of steps in processes, while delivering higher data quality and integrity,” said M3 Product Manager of Integrations Tim Pinson in a statement.

General Ledger 53

General Ledger B2B Securities Sales 53

PYMNTS

DECEMBER 9, 2020

data entry into our general ledger accounting system,” he explained. If we create a virtual card that has its own unique card number, unique security code and expiration date. These benefits can significantly help streamline operations and can even prevent excessive spending.

General Ledger 62

General Ledger Budgeting B2B Accounting 62

The Finance Weekly

NOVEMBER 27, 2023

Instead of manually calculating these metrics from general ledger accounts, many businesses use software to automate the process and create dashboards with all the important numbers in one place.

Budgeting 52

Budgeting General Ledger Concentration Benchmarking 52

Planful

JUNE 22, 2017

Assets, Liabilities, Equity, Revenue, and Expense accounts) from multiple general ledger systems, and mapping it to a centralized chart of accounts. Financial Consolidation is More Than Just Adding Up Numbers. Consolidating the data following specific financial accounting rules and guidelines, such as U.S.

Accounting 40

Accounting General Ledger IFRS GAAP 40

Centage

OCTOBER 3, 2022

Excel is an easy-to-use platform for inputting numbers and getting results with simple formulas. Anyone with access can easily change numbers in your spreadsheets, and without independent verification, there may not be a way to catch errors. Excel is a popular spreadsheet tool for personal and business use.

Forecasting 98

Forecasting Budgeting Data Analysis Financial Modeling 98

The Charity CFO

FEBRUARY 4, 2022

Execute data entry to keep the general ledger current . Invoices should include a header with your logo and contact information, client contact information, invoice number and date, itemized breakdown of services, and terms and conditions. . Organize and maintain receipts . Create invoices for goods, services, and donations.

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

Centage

JANUARY 18, 2022

Confidence – Am I confident in the numbers coming out of the model? Within a menu-driven environment featuring drop-down lists and tables, users select from each budget area, for each budget line item, either globally or individually, and are empowered to select unique defaults, drivers, and other logic.

Budgeting 111

Budgeting Forecasting Financial Planning and Analysis (FP&A) General Ledger 111

Centage

JANUARY 9, 2024

Confidence : Am I confident in the numbers coming out of the model? Within a menu-driven environment featuring drop-down lists and tables, users select from each budget area, for each budget line item, either globally or individually, and are able to select unique defaults, drivers, and other logic. How can we plan for an uncertain economy?

Budgeting 52

Budgeting Forecasting General Ledger Finance 52

Embark With Us

JANUARY 19, 2022

Because that's precisely what it does – it helps convert your business data from mountains of numbers your team pushes across innumerable spreadsheets into invaluable business intelligence. Like creating value in any number of initiatives you could be undertaking instead.

Accounting 98

Accounting Finance Data Analysis General Ledger 98

PYMNTS

FEBRUARY 25, 2020

B2B payments’ innovation trajectory continues to accelerate as more end-point solutions emerge to improve the vast number of friction points in the industry. They need the remittance data, whether it’s incoming or outgoing, to be able to sync up with their general ledger system.”. This is what businesses are asking for.

B2B 69

B2B Accounts Payable General Ledger Finance 69

CFO Simplified

APRIL 22, 2022

And, on top of that, even though the balance sheet totals matched the totals in their old system, the numbers didn’t match the subsidiary reports that supported it. General Ledger Dimensions – ERP systems allow true slicing and dicing of information gathered. The financial reports were no better than with the old software.

General Ledger 52

General Ledger Accounts Payable Manufacturing Planning 52

https://trustedcfosolutions.com/feed/

JUNE 15, 2021

Intelligent General Ledger. With IVE, you’ll gain continuous trust in the numbers, so you don’t have to wait for the close to get that trust. Transformation of your business so you can free yourself from operational tasks and focus on value-add actions.

General Ledger 57

General Ledger CFO Financial Data Budgeting 57

PYMNTS

MARCH 10, 2020

Exacerbating this challenge is the growing number of payment rails available for corporates, which further limits the ability for businesses to obtain a unified view of not only what money is being spent, but how and why — as well as to obtain an understanding of what that spend means for the broader financial health of the enterprise.

Accounts Payable 58

Accounts Payable General Ledger Budgeting Reconciliations 58

Centage

OCTOBER 3, 2022

Excel is an easy-to-use platform for inputting numbers and getting results with simple formulas. Anyone with access can easily change numbers in your spreadsheets, and without independent verification, there may not be a way to catch errors. Automate integrate your general ledger with our software.

Forecasting 52

Forecasting Budgeting Data Analysis Financial Modeling 52

Planful

OCTOBER 20, 2015

When you begin the process of closing, you start by exporting trial balance data out of the general ledgers or ERP software and collect the data into spreadsheets that have to be reviewed and processed manually. However, as the number of people who work with these spreadsheets grows, more and more errors are introduced into the data.

General Ledger 40

General Ledger Accounting Standards Auditing Currencies 40

Planful

NOVEMBER 12, 2019

Financial planning is built around general ledgers, accounts, journal entries, cost centers, debits and credits. A VP of marketing might prefer to visualize conversion rates and lead trends in charts, whereas a VP of sales might need a combination of graphs and tables of numbers.

Planning 40

Planning General Ledger Forecasting Finance 40

The Finance Weekly

MARCH 1, 2022

At this stage of maturity, the FP&A function or team is frequently a component of other financial entities such as accounting, treasury, or the finance function in general, with roles and responsibilities that are not clearly defined and processes that lack formal description. We accountants are great at reading off the numbers.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Forecasting Budgeting 52

PYMNTS

APRIL 3, 2018

General stores had been tracking customer information in a general ledger for years. But consumers can receive a higher number of rewards points when they use the card for meals, a trip, online shopping or an Uber ride. It wasn’t a completely new idea, however.

General Ledger 43

General Ledger Retail Banking Numbers 43

CFO Talks

JANUARY 31, 2023

In a typical day you find that I have to have meetings with so many different stakeholders and that has nothing to do with the trial balance and the general ledger of SANAC. I’ve also had to learn how to present the finances in a way that’s not just counting numbers and, therefore, telling the story of numbers.

CFO 52

CFO Auditing Finance General Ledger 52

Creative CFP

OCTOBER 2, 2020

There is drill-down functionality available from the general ledger, and you can click right through to the supplier invoice. I am now able to improve financial reporting and be innovative with bringing the business numbers to life so business owners can make better decisions. It makes any query and audit way easier than before.

Accounting 52

Accounting Finance Cash Flow Forecasting General Ledger 52

Future CFO

SEPTEMBER 21, 2020

Think for a moment about how beneficial it would be to work off a single general ledger from anywhere, at any time and in real-time. Technology empowers accountants, and in turn, accountants wield technology as the powerful, meaningful weapon that it really is. It frees up time in the day to work with clients in a more effectively.

Accounting 52

Accounting Technology Mergers and Acquisitions (M&A) Leadership 52

The CFO College

JUNE 3, 2021

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.

Accounting 52

Accounting CFO Auditing General Ledger 52

The Charity CFO

APRIL 25, 2024

It’s time for nonprofits to rethink their accounting practices and gain control over their numbers so they can spend their energy where they are most valuable. A Better Way to Organize Nonprofit Operations If you are in a nonprofit dealing with similar frustrations as described above, don’t worry – there is a better way.

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

CFO Talks

FEBRUARY 20, 2024

Farhan holds a BCom and a number of postgraduate diplomas in accounting from the University of Johannesburg. So, growing up in a household, it’s always you’re working around numbers and listening to this deal and that deal happening. And as I said, he’s a qualified CA. And that’s all.

CFO 52

CFO Leadership Accounting Finance 52