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From Panic to Planning: Taking Control of Your Burn and Runway

Basis 365

That’s where having an outsourced accounting system in place can be a game changer. Your runway depends on how well your forecast accounts for contract timing, pipeline strength, and delayed payments. Without this, you’re not just guessing your future, you’re gambling with it. It’s not just about tracking numbers.

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How Shohei Ohtanis’ Interpreter’s Theft of $16.5 Million Occurred and Went Undetected for Years

Withum

According to a federal indictment and a guilty plea, Ippei Mizuhara, Shohei Ohtani’s interpreter, unlawfully transferred more than $16 million from Ohtani’s bank account at a bank in Arizona to pay his gambling debts to an illegal bookmaking operation. During the account setup, Mizuhara translated for Ohtani.

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Different Types of Accounting Methods (And How to Choose the Right One for Your Business)

Analytix Finance & Accounting

Your accounting method provides the financial reality that informs these decisions. But if you make them based on misleading numbers, you’re essentially gambling with your business. You want a method that can evolve with your business Hybrid accounting’s flexibility allows it to adapt as your business grows and changes.

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Friday Footnotes: Accountant Shortage Ramps Up Work Pressure; Celebrities’ Trusted CPAs; ERC Reverse Card | 12.8.23

Going Concern

In recent months, DHHS has moved the program to a new data system and transitioned it to a new accounting system now used by all state agencies. The program is federally funded, but the money flows through the state Department of Health and Human Services. The changes delayed millions of dollars in payments in October.

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