CFO Share

OCTOBER 13, 2023

Strategies to consider include: Run a profitable business or raise sufficient equity capital to support losses while growing Avoid excessive debt Optimize revenue (i.e. Operational Efficiency This factor measures the efficacy of a business in converting its investments into profits.

Cash Flow Forecasting 52

Cash Flow Forecasting Profit and Loss Forecasting Startups 52

CFO Share

MAY 22, 2024

Small businesses have three key financial reports: the balance sheet the income statement (aka profit and loss statement) the cash flow statement A statement of retained earnings is a fourth report common for large, public corporations, but isn’t as useful for small businesses. You won’t be able to sell your business.

Profit and Loss 59

Profit and Loss General Ledger Accounting Financial Reporting 59

CFO Share

JULY 14, 2022

Do your profits and cash flows make no sense? Most small businesses do not know the ins and outs of cost accounting, meaning they leave costs down in operating expenses (or have no costs at all, so gross profit = sales.) Accurate costing is key to a useable profit and loss statement. Invest in robust processes.

General Ledger (GL) 52

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

Spreadym

AUGUST 10, 2023

Predefined Reports: QuickBooks provides a variety of predefined financial reports, such as profit and loss statements, balance sheets, cash flow statements, and more. Vendor Lock-in: Once invested in IBM Cognos Analytics, transitioning to a different reporting tool could be challenging due to the potential for vendor lock-in.

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) CFO Accounting Standards 52

Planful

JANUARY 11, 2022

Consistent with their 2018 forecast, McKinsey’s late 2020 study found that organizations that invested more in digital than their competitors were twice as likely to report outsize revenue growth. Without AI, employees are burdened with hours of monotonous tasks like reporting and data reconciliation.

Financial Planning and Analysis (FP&A) 40

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

Future CFO

SEPTEMBER 14, 2020

accounting, reconciliation, the closing of books, etc). Dr Josh Heniro: Through investments in advanced technologies, finance is undergoing a shift from being reactionary and transactional to becoming a more proactive and analytical function with the agility to respond to business needs as they arise.

Accounting 40

Accounting Leadership Finance Profit and Loss 40

CFO News Room

DECEMBER 28, 2022

In 2020, Jeffrey was named to Investment Advisor Magazine’s IA25, as one of the top 25 voices to turn to during uncertain times. The Economic Growth and Tax Relief Reconciliation Act (EGTRA) of 2001 created IRA catch-up contributions, effective for 2002 and future years. IRA Catch-Up Contributions To Be Indexed For Inflation.

Planning 130

Planning Securities Accounting Tax Planning 130