Kojo Ashiadey’s Post

Avoid These 5 Common Monthly Reporting Mistakes! 1. Inconsistent Data Entry: Ensure accuracy by maintaining consistent data entry practices across all reports. 2. Missing Deadlines: Stay on schedule to prevent delays in submitting monthly reports and maintain accountability. 3. Ignoring Variance Analysis: Analyze discrepancies between actual and budgeted figures to identify areas for improvement. 4. Overlooking Narrative Context: Provide context and explanations for variances to give meaning to the numbers. 5. Forgetting to Review: Regularly review reports for errors or inconsistencies to maintain data integrity and reliability. By avoiding these mistakes, you can ensure that your monthly reporting process is efficient, accurate, and valuable for decision-making! #r2accounting #AccountingExperts #FinancialPeace #BusinessGrowth #NumbersNerds #SmallBusinessSupport #StartupSuccess #FinancialSolutions #EffortlessAccounting #BusinessNumbers #BookkeepingBliss #ProfitPlanning #TaxSeasonReady #BusinessBalance #AccountingMagic #FinancialStrategy #MoneyMatters #CashFlowManagement

Data Analyst performs specific tasks that support financial planning, analysis, and reporting. Here are some of the key tasks: 1. Financial Data Collection and Cleaning 2. Budgeting and Forecasting 3. Financial Reporting 4. Variance Analysis 5. Cost Analysis 6. Revenue Analysis 7. Financial Modeling 8. Cash Flow Analysis 9. Risk Management 10. Investment Analysis 11. Regulatory Compliance 12. Performance Measurement 13. Collaboration I would to add values with my extensive experience. For Further information and details, you can comment below or inbox me. #FinancialAnalysis #Budgeting #FinancialReporting #VarianceAnalysis #CostAnalysis #RevenueAnalysis #FinancialModeling #CashFlow #RiskManagement #InvestmentAnalysis

Are your finance team bogged down with gathering, reconciling, aggregating and cleansing data? I'm helping finance pros streamline data management and save time - if you're keen to know how send me a message. #finance #accounting #businesstips

📌Difference between #Accountant and #Financial Analyst: 👉Accountant: Focuses on recording, classifying, and summarizing financial transactions to prepare financial statements. They ensure compliance with accounting standards and tax laws. 🔻Preparing and maintaining financial records. 🔻Managing budgets and expenses. 🔻Ensuring compliance with regulations 🔻Auditing and reconciling accounts. 👉Financial Analyst: Analyzes financial data to forecast future trends, assess investment opportunities, and support decision-making for strategic planning. 🔻Performing financial modeling and forecasting. 🔻Evaluating investment opportunities. 🔻Analyzing market trends and company performance. 🔻Providing recommendations for business growth and cost optimization. #Accountants focus on the past and present (recording and reporting), ensuring compliance. while #Financial analysts focus on the future (analyzing and forecasting) to guide decision-making and growth. #Accountant #FiancialAnalyst #Modeling #Analyzing #DecisionMaking

Most CFOs and senior finance professionals struggle with building reports for in-depth analysis and creating strategies. The lack of a centralized reporting system introduces inconsistencies in metrics, data, and calculations, subsequently leading to inconsistencies in reports. To confirm the accuracy of their reports, finance teams must spend an excessive amount of time verifying and validating data. This process limits the ability to easily conduct variance and comparative reporting, which is a critical step that can help determine what areas require a possible course correction. Read more here -https://lnkd.in/emuSwkmV

🗣️ Overheard on a prospect call: “𝐌𝐲 𝐭𝐞𝐚𝐦 𝐢𝐬 𝐬𝐩𝐞𝐧𝐝𝐢𝐧𝐠 𝐭𝐨𝐨 𝐦𝐮𝐜𝐡 𝐭𝐢𝐦𝐞 𝐞𝐧𝐭𝐞𝐫𝐢𝐧𝐠 𝐛𝐚𝐬𝐢𝐜 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧 𝐝𝐚𝐭𝐚. 𝐓𝐡𝐢𝐬 𝐬𝐡𝐨𝐮𝐥𝐝 𝐛𝐞 𝐚𝐮𝐭𝐨𝐦𝐚𝐭𝐞𝐝 𝐬𝐨 𝐭𝐡𝐚𝐭 𝐦𝐲 𝐭𝐞𝐚𝐦 𝐜𝐚𝐧 𝐟𝐨𝐜𝐮𝐬 𝐨𝐧 𝐰𝐡𝐚𝐭 𝐰𝐞 𝐝𝐨 𝐛𝐞𝐬𝐭: 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬. 𝐖𝐞 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐟𝐨𝐜𝐮𝐬 𝐨𝐮𝐫 𝐞𝐟𝐟𝐨𝐫𝐭𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐡𝐢𝐠𝐡𝐞𝐬𝐭-𝐫𝐢𝐬𝐤 𝐚𝐫𝐞𝐚𝐬 𝐫𝐚𝐭𝐡𝐞𝐫 𝐭𝐡𝐚𝐧 𝐝𝐚𝐭𝐚 𝐞𝐧𝐭𝐫𝐲.” It's clear that businesses are recognizing the need to streamline processes and optimize resources. Manual data entry is not only time-consuming but also drains valuable talent. Automating tasks like revenue recognition liberates teams to concentrate on strategic analysis and decision-making. RightRev can help. #Accounting #Finance #FinancialReporting #GAAP #CFO

Part 10 Key Responsibilities Reporting: Generate special financial reports and statements as required by leadership, ensuring data accuracy and timely submission. Almost forgot…this is important. When Customers want a report of their diversion or tonnage data, since we don’t have good records of this line-item data in our accounting system, we need you to go through old invoices and key-in the line-item data to a spreadsheet. This only happens...all of the time. What else are you doing? Did you get to that pile of roll offs and compactors from two months ago yet?

Dive into the world of precise financial reporting with Now Consultant. Visit us - https://nowconsultant.com/ . . #nowconsultant #financialreporting #financialdata #financialanalysis #business #financialreporting #finance #data

👉A Typical day in the life of a financial analyst. 1.Team collaboration #collaboration with the finance team is essential . Discuss latest market trends review #financial modal #strategy. 2. Making presentation .These presentation provide clear summaries of #financial #data critical insight. 3. #Reviewing data with financial software Main #responsibility includes reviewing and analyzing financial data,such as #trading activity market movement and financial news to prepare for strategy. 4. #Building financial model. Another key aspect of the role is building #financial model to analyze various scenarios and support decision making. 5. #Analyzing financial result and making projections. An essential part of the role involve #analyzing #historical financial data including #profit margin, growth rates and return equity. 6. Preparing report Preparing detailed financial reports is a routine task. This reports includes earning forecast , #budget Analysis and financial performance review. #finance #company #analysis #comment #share