The Charity CFO

SEPTEMBER 28, 2022

If you are still using Excel spreadsheets or handwritten ledgers to track your finances, you need to stop asap. If you taught yourself to do it by hand, learning how to use nonprofit accounting software will be a breeze. Bonus Nonprofit Bookkeeping Tip: Outsource Your Bookkeeping & Accounting. Hire a Payroll Service .

Nonprofit 105

Nonprofit Invoicing Accounting CFO 105

CFO Simplified

DECEMBER 26, 2021

Your Ultimate Finance Department Checklist (By Business Size). It’s easy to grow without noticing that your finance and accounting department is stretched far too thin. Here’s a guide to set your accounting and finance department up for success as your business grows. Roles and Responsibilities.

Finance 52

Finance General Ledger CFO Auditing 52

Simply Treasury

JUNE 15, 2020

It is quite legitimate to ask the question: "After such a huge financial crisis, what will become my treasury department?" Each treasurer must think how to "sell" how treasury could have done better and how to strengthen the structure in future. Back to the office. And now what am I going to change?

Treasury 130

Treasury Cash Flow Forecasting Forecasting Auditing 130

The Finance Weekly

APRIL 13, 2022

Whether filing taxes is outsourced or done in-house, the end of tax season is a reason to celebrate. Big corporations have little choice but to use 3rd party tax companies to complete their long and complex tax returns, but small and medium businesses have more leeway for how to complete the process. 1) Evaluating the Process Itself.

Communication 52

Communication Practice Management Budgeting Forecasting 52

Beacon CFO Plus

OCTOBER 13, 2021

In many organizations, the information technology (IT) and finance departments have long had a transactional relationship, handing off a task or project rather than working together. You may even occasionally hear things like this: “Finance just doesn’t get it.” . “IT IT has no idea how we operate.” .

Finance 52

Finance CFO Technology Securities 52

Jedox Finance

FEBRUARY 24, 2022

If you want to become a successful business partner that shifts the finance department from a cost center to a profit driver, you need to change your mindset and self-image. Hence, whether you like it or not it’s time to get serious about becoming a finance business partner. It was the “cost of Finance as a % of revenue.”

Communication 98

Communication Finance Entertainment Leverage 98

CFO Share

AUGUST 16, 2023

Here’s how they can be correlated in different scenarios: Mature Firm – Profitable P&L and positive cash flow The most sustainable situation and generally a favorable one as the company is generating profits on the income statement and generating positive cash flow from its operations.

Profit and Loss 52

Profit and Loss CFO Finance Startups 52

CFO Talks

MARCH 20, 2024

Both the CFO and Controller deal with the company’s finances, but they focus on different things. Example: When it’s time for an audit, the Controller is hands-on, working directly with the auditors, showing them the books, and explaining the details. What’s Different? The CFO, however, looks at the bigger picture.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

CFO Simplified

DECEMBER 12, 2021

The terms “finance” and “accounting” are often used interchangeably. There are, however, very real differences between finance and accounting. While many business owners look for a CFO to bolster their existing accounting team, here at CFO Simplified, we consider that a CFO would be categorized squarely in the finance category.

Accounting 52

Accounting Finance Cash Flow Forecasting CFO 52

CFO Thought Leader

SEPTEMBER 21, 2023

“I had worked my way through Boise State in an Albertsons grocery store, which actually paid for a lot of my education,” explains Gafford, who upon graduating with an accounting degree would end up nabbing a job with Deloitte’s Boise office. ‘Just In Time’ inventory is really where the labor force is headed right now.

CFO 52

CFO Auditing Leadership Education 52

Onplan

DECEMBER 16, 2021

We’ve worked closely with numerous startup SaaS teams, and a fair share of them don’t have a CFO or even a dedicated finance team. But at several million in ARR, finance becomes a critical enabler — or disabler — of success. Back to the basics: overseeing accounting is one of the basic tasks of every SaaS finance leader.

Financial Planning and Analysis (FP&A) 52

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

Onplan

DECEMBER 16, 2021

We’ve worked closely with numerous startup SaaS teams, and a fair share of them don’t have a CFO or even a dedicated finance team. But at several million in ARR, finance becomes a critical enabler — or disabler — of success. Back to the basics: overseeing accounting is one of the basic tasks of every SaaS finance leader.

Financial Planning and Analysis (FP&A) 52

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

CFO Talks

AUGUST 23, 2023

Nonkululeko Gobodo’s advice for shattering glass ceilings Written by: Leigh Schaller Nonkululeko Gobodo, one of the founders of what would become South Africa’s largest black-owned accounting firms as well as the first black female CA(SA) spoke to Chwayita Deliwe, co-owner of CN Outsourced Finance on the CFOClub Podcast.

Auditing 98

Auditing CFO Restructuring Accounting 98

CFO Talks

JULY 28, 2022

Today’s podcast is sponsored by Draftworx, which provides automated drafting and working paper financial software to more than 8000 accounting and auditing firms and corporations. She is a CA who has spent a lot of her working career developing new skills, studying and taking on bigger challenges. Decision Inc. Decision Inc.

CFO 52

CFO Accounting Auditing Finance 52

PYMNTS

DECEMBER 29, 2020

With the pandemic forcing accounts payable (AP) and accounts receivable (AR) departments to hit the gas on their digitization roadmaps, finance leaders are grappling with an accelerated pace of change that can, at times, be overwhelming. Unfortunately, this risk has only elevated as professionals work from home.

B2B 82

B2B Accounts Payable Invoicing Reconciliations 82

Fpanda Club

APRIL 11, 2021

The current transformation of the finance function and FP&A processes may become the perfect time to move away from outdated beliefs and practices. Well, there should be no illusions and the FP&A function yet encompasses large amount of routine work. HOW TO DEAL WITH. HOW TO DEAL WITH. FP&A is boring.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Forecasting Budgeting Financial Modeling 130

Adam Kae

MARCH 5, 2020

Keep reading to learn about how to hire for your business! Outsourcing Of course, we have to talk about the importance of outsourcing! For certain positions, you may not need someone present full-time to do the work. Many firms offer outsourced marketing, accounting, or HR departments.

CFO 52

CFO Finance Accounting Planning 52

The Charity CFO

MARCH 24, 2022

Fraud losses in the charitable industry destroy an organization’s reputation, future financing opportunities, and capacity to carry out its mission. How was this fraud uncovered? The education first department reported Inconsistencies to the USDA in 2020. Now, the BIG question— how did this happen ? .

Nonprofit 98

Nonprofit Profit and Loss Auditing Leadership 98

BlueLight

JULY 30, 2020

My motivation was to understand the responsibility of the CFO suite, the process of billing to accounting, and the software tools available to run an effective finance office. I interviewed 50 people that held CFO, finance manager, and financial analyst type roles. The following are select responses from the finance leaders.

CFO 52

CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 52

Future CFO

SEPTEMBER 16, 2022

As companies continue to push the envelope of their data-driven ambitions, it is natural to conclude that the management and privacy of data is a concern not just for the privacy officer or the legal department, but the rest of the leadership including the CFO. Anna Russell.

Compliance 98

Compliance CFO Leadership Leverage 98

CFO Talks

JUNE 20, 2022

To understand what AI is, we must understand how technology has developed. Five years ago, a finance department at a large firm typically used different software for different functions. If you try to do a task with the robot, outside the standard activities, then the robot doesn’t work,” says Angeli.

CFO 52

CFO SAP Finance Invoicing 52

The Finance Weekly

DECEMBER 30, 2021

Business intelligence, data security, and and has proved particularly effective for finance departments, given the recent powerful innovations in finance technologies. As a small business CFO, how do you navigate toward business recovery? As a result, the priority is more existential.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Technology CFO Leverage 52

The Charity CFO

APRIL 19, 2022

As a CPA working exclusively with nonprofits and a former nonprofit auditor, I’ve looked at thousands of nonprofit financial statements over the past 10 years. Over-reliance on high-interest short–term financing . And it doesn’t matter how pretty your Balance Sheet is or how accurately you’ve tracked donor-restricted funds.

Nonprofit 98

Nonprofit Auditing Compliance Accounting 98

Planful

AUGUST 20, 2020

As a marketing leader, you’re expected to have a really good sense of your own department. Instead, it’s increasingly important to build a better relationship with Finance so that every marketing move contributes to the overall financial goals of the company. . Going Beyond the Budget . Simple budgeting questions.

Finance 40

Finance Marketing Budgeting Healthcare 40

PYMNTS

MARCH 11, 2020

Accounts receivable (AR) is a function that spreads across multiple tasks of an enterprise, from corporate finance to sales teams and vendor relationship management initiatives. With AR seen as an inconvenient, manual process, many organizations in the past had outsourced the function. A Legacy Of Outdated Tech.

Corporate Finance 52

Corporate Finance Accounting Finance Invoicing 52

FPA Insider

JULY 28, 2019

I recently listened to a great episode of AFP Conversations, a podcast for corporate treasury and finance professionals. As a finance buff, I was eager to tune in to speaker Bryan Lapidus’ thoughts on FP&A and where it’s headed. Finance is facing new challenges Some of finance’s newest challenges include: 1.

Forecasting 52

Forecasting Budgeting Finance Leverage 52

The Charity CFO

AUGUST 15, 2023

On a basic level, the two key differences are: How/when revenue is tracked How ownership (or equity) is categorized With respect to nonprofits, revenue is typically tracked when it is earned or pledged (a gift is promised) regardless if cash has been collected. However, most of it is actually the same.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

BlueLight

MAY 1, 2020

Early-stage startup: Focused on finding product market fit, limited financial information to work with. The CEO outsources accounting to a third-party accounting firm and may conduct simple FP&A. When hiring your first CFO, it’s important to understand the FP&A function and how it can help your business.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) CFO Strategic Planning Startups 52

The Finance Weekly

DECEMBER 18, 2021

A controller (or comptroller in government roles) is the company’s lead accountant and the one in charge of running day-to-day activities of the accounting department. Both the CFO and controller are financial experts and can be relied upon to accurately report data and finances. How to make the Decision?

CFO 52

CFO Budgeting GAAP Accounting Principles 52

Planful

JANUARY 11, 2022

To get you started, here are 5 ways you can use AI to transform finance and 5 ways AI can speed your move away from yesterday’s technology for a total of 10 tips you can put to work today. If AI or AI in Finance is a new concept for you, here are some other important terms to know: Artificial intelligence (AI): .

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Reconciliations 40

PYMNTS

FEBRUARY 5, 2020

With the rise in short-term ad hoc work, the very nature of how workers are paid is changing, too. The companies that outsource large amounts of work to freelancers may find that the legacy systems and practices that worked for decades are suddenly insufficient to keep track of it all. The Partnership Advantage.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

OCTOBER 24, 2016

PYMNTS explores newly released data from across Europe, Asia-Pacific and Africa that uncovers how SMEs and suppliers manage their cash flow amid chronic late payers. The most common challenge they cited is no surprise: a lack of access to working capital. Its 2016 Working Capital Outlook Survey revealed that 20 percent of U.K.

B2B 76

B2B Economics Invoicing Planning 76

CFO Talks

AUGUST 10, 2022

One of the issues that led to me joining one of these municipalities was that you get to go there and consult and do work but at the end of the day, there’s no implementation on the final product, regardless of how good the reports would be. An accountant is one element of a business that you need on a daily basis’.

Auditing 52

Auditing CFO Compliance Accounting 52

PYMNTS

OCTOBER 19, 2016

There was a time, Reitblat said, when the biggest fraud concern most retailers had to worry about was how fraudsters used devices to produce counterfeit physical payment cards. How Times — And Priorities — Have Changed. Why Outsourcing Matters. A focus that also gave the fraudsters the incentive to find a new place to play.

Retail 81

Retail Sales Securities eCommerce 81

Barry Ritholtz

NOVEMBER 22, 2022

He really began as a traditional engineer/finance person working at IBM as a network engineer before he got his MBA at Duke. Marcus Shaw works with them, and he’s the CEO of AltFinance. Why is finance so bad at this? Your parent may work there. His name is Marcus Shaw. You may go to school with somebody.

Investments 56

Investments Finance Education Leadership 56

PYMNTS

MAY 24, 2016

I typically start off with a list of things that need to be accomplished — from corporate financial matters, to managing a broad group of people beyond the finance team, to HR, administration and operations. There’s a balance between having to manage the departments you’re responsible for and finding time to be strategic.

Numbers 45

Numbers CFO Finance Risk Management 45

PYMNTS

JUNE 17, 2016

Some of their biggest clients, the executives said, are federal government agencies looking to go paperless to not only save money but to gain a view of their finances and processes that was once nearly impossible to access. Forecasting demand and finances now takes only moments — not years. But the U.S. Today, not so much.

Forecasting 40

Forecasting Compliance Finance Technology 40