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What Are The 4 Components of Financial Health?

CFO Share

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.

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Year-End Bookkeeping Checklist

CFO Share

Monthly account reconciliations are commonly only performed on major GLs, like cash and credit cards. If you miss the 12/31 bonus deadline, you can pay a 401k profit share bonus after year-end and apply it to the prior year. Books are due to income tax preparer around February. Plan your schedules.

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How do I clean up my financial statements?

CFO Share

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. Unsophisticated GL structures.

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What is Quality of Earnings?

CFO Share

QOE reports go beyond the balance sheet and profit and loss statement – they challenge the underlying data through rigorous testing and management interviews to assess accuracy, and risk. Reviews of account reconciliations, account aging, and composition. Transactions with related parties. Book an appointment with a CFO today.

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Recurly Integrates With Xero To Synchronize Billing

PYMNTS

Integrated systems also reduce time and resources spent on reconciliations and revenue recognition calculations, which increases finance and accounting teams’ efficiency and productivity, the company said in the release. These threats, if left unchecked, decrease revenue and profits, increase operating costs and affect customer trust.

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Ex-Microsoft Australia CEO To Take Xero Founder’s Place

PYMNTS

million loss for the first half of fiscal year (FY) 2018, a 50 percent improvement compared to the same period a year prior. Revenue increased 37 percent during the half, though Xero has not yet turned a profit. At the time, the company also divulged a $14.67

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10 Tips CFOs Can Use to Put AI in Finance to Work Today

Planful

Without AI, employees are burdened with hours of monotonous tasks like reporting and data reconciliation. Research from the Wharton School of the University of Pennsylvania suggests that, since AI can lead companies to become more profitable, companies can then hire more employees. 1 – Let AI do the heavy lifting.