Blog - Xledger United States

03/20/2024

Top Tasks for Automation in Finance and Accounting

What Finance and Accounting Functions to Automate One of the most exciting advances in accounting software is the ability to automate a number of accounting processes that once relied entirely on a human being. Now, accountants can turn to finance and accounting automation software like Xledger to perform these (and other) accounting and financial tasks […]

03/14/2024

CFOs Reporting to Their CEOs and the Board – How to Make an Impact.

Why do you need to do board reporting? Ask any CEO and company board member what their top-of-mind pain points are, and the response is likely cash flow strains, meeting ROI objectives, and controlling the hot-button issues that simmer and boil to create operational disruption. From another angle, they strive to stay sure-footed, avoiding unpleasant […]

$fractional cfo$

03/07/2024

Fractional CFOs – What Do They Do, and How Should CEOs Work with Them?

What is a fractional CFO? Whereas traditional CFOs clock into the same company daily, their fractional cousins are part-time, working with multiple CEOs on a contract or project basis. A primary benefit is the CFO steps into your business at a fraction of the traditional cost. Indeed, “fractional” sounds like a temporary or interim fix, […]

02/28/2024

Empower Ambition: The 4 Imperatives for Financial Management

How do you empower ambition? McKinsey recently published their recommendations to improve finance department efficiencies and effectiveness over the next decade. They first told businesses to move beyond transactional activities to find new efficiencies. Then, they suggested companies consolidate their financial information into a single source of truth to improve data management. McKinsey also encouraged […]

02/21/2024

About Microsoft Great Plains Retiring

Lately, there’s been a lot of talk surrounding Microsoft Dynamics GP — often called Microsoft Great Plains, Microsoft Dynamics Great Plains, Microsoft GP, or Dynamics GP — possibly nearing its end-of-life stage. Some say Microsoft is ending support for Dynamics GP in 2025, others say 2026 or 2028, and others say that the rumors aren’t […]

02/20/2024

What is Operating Income? A Guide to Calculation and Reporting

FAQs Q: Is operating income the same as EBIT? A: Almost, but not quite. EBIT (Earnings Before Interest and Taxes) includes any non-operational income, whereas operating income focuses solely on earnings from core business activities. Q: Can operating income be negative? A: Yes, a negative operating income indicates that a company's operating expenses exceed its gross revenue, signaling operational inefficiencies or challenges. Q: Why is operating income important? A: Operating income provides a clear view of a company's operational efficiency and profitability, independent of external financial activities. It's a crucial metric for investors, creditors, and management to assess the health and performance of a business.

Blogs

Check Out Our Blogs: The Art of Accounting

ERP vs CRM: What’s the Difference?