WikiCFO Passes the 700 Mark

WikiCFO Passes the 700 Mark

ONLINE TOOL CREATED BY HOUSTON BUSINESSMAN HAS
CFO’S, CONTROLLERS POINTED IN THE RIGHT DIRECTION
HOUSTON, TX – If the activity at WikiCFO – an online reference tool created by Houston businessman Jim Wilkinson for CFO’s and controllers – is any indication, businesses in these economic times are starving for information and ideas that will lead to improved cash flow and profitability.
Now filled with more than 700 how-to articles, videos, definitions and best practices, the WikiCFO site is on pace to record more than 365,000 visits in 2010, more than doubling its traffic figures for 2009, with most visits coming from the U.S. but some as far away as the U.K. and Singapore.
Wilkinson, president of The Strategic CFO, also projects returning visitors to the site will top 42,000 in 2010, an increase of more than 200 percent from 2009.
“These figures demonstrate just how big the demand is for a tool that goes into depth with the content and tools CFO’s and controllers need in these tough economic times,” says Wilkinson, who launched WikiCFO in 2007. “Plus, the content is timeless. Its information a business will always need.”
Articles, how-to advice and best practices on WikiCFO are sorted into 33 categories including those in the areas of accounting, financial projections, business intelligence, fraud management, factoring, financial analysis, treasury management, cash management, mezzanine lending, payroll and others.
One of the more popular topics at WikiCFO, Chart of Accounts, addresses how to create a chart of accounts and some of the more common problems associated with chart of accounts design. WikiCFO also presents samples charts for classifying assets, receivables, inventories, payables, accrued taxes, revenue, cost of goods sold, operating expenses and other accounts which make up the general ledger of most companies.
Articles and best practices on the site also take an in-depth look at topics such as creating a chart of accounts, depreciation, direct cost vs. indirect costs and variable vs. fixed costs. Entries examine cash flow after tax, thirteen-week cash flow reports and steps to track money in and out of a company. Every article posted at WikiCFO was either developed or reviewed by Strategic CFO staff.
Wilkinson says the expanded role of today’s CFO and controller have driven WikiCFO’s content beyond traditional accounting issues including information technology, human resources, insurance and legal topics.
“WikiCFO is akin to a dictionary or reference book exclusively for CFO’s and controllers,” he adds. “If there is an accounting or finance-related term or process they need to better understand, chances are they’ll find it at the site. We like to think of the site as a one-stop resource for those charged with bringing value to a company.”
“We’re building a real ‘community’ of CFO’s and controllers,” Wilkinson adds.

ARTICLES YOU MIGHT LIKE

The Struggles of Private Company Accounting

Hiring the right accountant  When I meet a business owner operating at a successful $10 million in revenue, they often mention, “My CPA”… I immediately know that CEO/Entrepreneur is referring to their Tax CPA.  That is because one thing that all Entrepreneurs have in common is that they must file a tax return.  So, from

Read More »

IN CRISIS? GET A STRATEGIC CFO! – CEO Blindspots Podcast

Friend of the firm, Birgit Kamps, recently had Strategic CFO President, Dan Corredor, as a guest on her podcast, CEO Blindspots. CEO BLINDSPOTS HOST: Birgit Kamps. She was speaking five languages by the age of 10, and lived in five countries with her Dutch parents prior to becoming an American citizen. Birgit’s professional experience includes starting

Read More »

SHRM calls ICHRA the 401K for Group Health Benefits

Fed-up with group health insurance? ICHRA is the new way to offer great health benefits and avoid ACA penalties, SHRM calls it the 401K for group health benefits.  In 2020 the Department of Labor, HHS and IRS changed the rules for employer health benefits. They changed the Affordable Care Act mandates and penalties for every

Read More »

JOIN OUR NEXT SERIES

Financial Leadership Workshop

MARCH 28TH-31ST 2022

SHARE THIS ARTICLE

JOIN THE NEXT STRATEGIC CFO™ SERIES

Strategic CFO™ Financial Leadership Workshop
The Art of the CFO®

Days
Hours
Min
Sec

September 12-15th 2022