CPA Practice

FEBRUARY 2, 2024

By Adam Lean. It used to be that all an accountant had to do to earn respect, win over new clients, and have a growing firm was simply be a great accountant. Those days are over. They’re over for a few reasons: Reason #1: Most clients don’t value accounting as much as we think they should. or “I can do your books cheaper/faster/better.”

Account 119

Account accountant accounted tax return 119

Airbase

JULY 26, 2023

In our recent Path to Becoming a CFO session, former Drift CFO, Jim Kelliher, repeatedly touched on the delicate art of negotiation. Perhaps the most striking example was when host Jeff Epstein, Partner at Bessemer Ventures, asked what it was like to take LogMeIn public shortly after the banking crisis of 2008.

accounting and finance 130

accounting and finance Finance Technology B2B 130

CPA Practice

JUNE 21, 2023

By Bob Purcell, CFO, Billtrust. One area that’s felt an acute impact is the B2B sector, where organizations across industries are grappling with an influx of delayed payments at a time where predictable cash flow has become both more important and harder to come by.

Account 98

Account accountant accounted accounting and finance 98

CPA Practice

OCTOBER 23, 2023

A new survey from Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, revealed that chief financial officers (CFOs) are focused on profitability despite the uncertain interest rate outlook and global economy. However, CFOs are continually adjusting to dealing with those two issues now.”

Technology 111

Technology Finance audit Tax 111

Going Concern

MARCH 22, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. After that God help you if you made ERC claims you weren’t entitled to.

Minnesota 82

Minnesota cpas audit CPA 82

CPA Practice

JANUARY 22, 2024

The Chicago-based company said Sunday afternoon that Vikram Luthar, who had been its CFO since 2022, was put on administrative leave and Ismael Roig will step in on an interim basis. We would expect ADM to reassess strategic priorities within Nutrition as the new profitability run-rate becomes more clear.” starring Matt Damon.

Account 52

Account accountant accounted Agriculture 52

Withum

OCTOBER 17, 2022

In times of economic uncertainty with increased interest rates and inflationary pressures, while these metrics are extremely helpful, the focus becomes increasingly clear – how much cash do we have and how long is our cash runway? Cash runway is the measurement of the number of months a company has until its cash runs out.

quickbooks 118

quickbooks accounting and finance CPA accounting system 118

CPA Practice

FEBRUARY 5, 2024

By Adam Lean. It used to be that all an accountant had to do to earn respect, win over new clients, and have a growing firm was simply be a great accountant. Those days are over. They’re over for a few reasons: Reason #1: Most clients don’t value accounting as much as we think they should. or “I can do your books cheaper/faster/better.”

Account 52

Account accountant accounted tax return 52

Going Concern

JUNE 1, 2022

You wanted to be a CFO? These days , your chances of becoming a CFO at a global 5,000 company get exponentially worse the longer you stay in core accounting — you only needed two to three years max at a n accounting firm and then you should have move d on to more of a finance , advisory, or private equity role. A bsolutely.

public accounting 76

public accounting Account accountant accounted 76

PANALITIX

AUGUST 9, 2020

After his employer was sold, Glenn joined a national company in the health club industry as Controller, but when they wanted to shift the office to Chicago, Glenn started with a NASDAQ-listed firm in the turn-key computer industry serving medical and dental practices as VP, CFO. Here are excerpts. Some Background on Glenn. Early Days.

accounting firms 189

accounting firms Account accountant accounted 189

Going Concern

SEPTEMBER 22, 2023

But not until being appointed to the Maryland State Board of Public Accountancy following my retirement did I truly understand how ‘white’ the profession had become – only 2 percent of CPAs are black – and how difficult it has been to change that. The profession provided me with a lifestyle I never believed possible.

Maryland 60

Maryland CPA cpas North Carolina 60

Shay CPA

DECEMBER 14, 2022

When you’re building your business, securing a new round of funding marks a huge milestone. But as a founder, you know what really matters is what happens next. How you handle that money shapes your business. It can literally make or break you. . That means you’re probably fairly risk-averse with money you get from rounds of funding.

CPA 52

CPA bookkeeping Account accountant 52

CPA Practice

FEBRUARY 23, 2023

When the business reaches a certain size, employees may be stretched thin, skills gaps become apparent, and mistakes happen. This is true for family-owned businesses, too. They have an innate ability to prioritize cash preservation, focus on employee well-being, and garner local community support.

NetSuite 45

NetSuite Technology accounting and finance accounts payable 45

Basis 365

NOVEMBER 29, 2022

Moreover, you'll be amazed at the results you can achieve if you begin to view other businesses as assets, regardless of whether you hire a CFO or go it alone. Moreover, you'll be amazed at the results you can achieve if you begin to view other businesses as assets, regardless of whether you hire a CFO or go it alone.

52

52

PYMNTS

AUGUST 6, 2020

Our role as owner is shifting from what was solely ‘the librarian’ — collecting rent, renting shops and cleaning spaces — to becoming an ‘editor’ of the space.” Real estate trends for retailers are back in the news this week, as the pandemic-driven brick-and-mortar market starts to produce new business models and a fair amount of stability.

Real Estate 61

Real Estate Retail Legal New York 61

ThomsonReuters

APRIL 15, 2021

Marketplaces are becoming tighter and competition fiercer. The workplace is becoming more technology-driven. Tax and accounting firms can serve as a consultant for clients working through their path toward modernization. Business needs are changing, requiring companies to seek new strategic capabilities.

cpa firm 96

cpa firm accounting and finance CPA audit 96

Going Concern

JUNE 30, 2023

CFOs stuck between short-term costs, long-term goals: EY [ CFO Dive ] CFOs grappling with economic headwinds are stuck between prioritizing short-term costs and long-term gains, a survey released Wednesday by Big Four accounting firm Ernst & Young found. You can’t compete without capital.”

audit 96

audit accounting firms Real Estate New Jersey 96

PYMNTS

OCTOBER 26, 2017

After only one year with the company, DoorDash CFO Mike Dinsdale has hopped to the next job. However, Dinsdale’s career as a CFO has carved a path through a variety of companies, so he’s no stranger to new environments. He also put in seven years as CFO for Velocity11, showing that he’s not a serial job hopper.

payroll 40

payroll Finance 40

Going Concern

JUNE 5, 2023

Don’t be afraid to change paths 2. Hello and welcome back to another fabulous week. Here’s what’s going on. PwC Australia has named all 67 people involved in the confidential tax leak in an unpublished letter to lawmakers ahead of parliamentary hearings later this week. Of course, PwC tax then has to enforce this system.

Tax 63

Tax Account accountant accounted 63

CPA Practice

JANUARY 19, 2024

Accounting Thought Leaders Say CAS Will Become a Must for Firms in 2024 As technology continues to dramatically shape the accounting profession, the latest big conversations have been around AI and automation. Jump to a section: 1. Defining CAS 5. Technology’s Role 2. How to Move a Firm Toward CAS 6. Where Technology Fits in CAS 3.

accounting firms 78

accounting firms Account accountant accounted 78

PYMNTS

AUGUST 9, 2019

Lyft CFO Brian Roberts said that the company has been able to institute pricing increases in a few select markets, beginning in June. Lyft said its guidance for sales and marketing was coming down a full 800 basis points, which speaks volumes to a ride-hailing landscape that is becoming more rational. billion in the quarter.

Transportation 55

Transportation Construction Sales 55

Going Concern

NOVEMBER 11, 2022

There’s definitely an accountant shortage out there’: MBAs have become the go-to degree and companies are struggling to hire enough CPAs [ Fortune ]. It’s still a good path,” he says. “A Oh and a hearty thank you for your service to the veterans out there. Hopefully some of you got the day off. Accounting is difficult,” he says.

audit 78

audit auditor Louisiana cpas 78

PYMNTS

JANUARY 30, 2020

Big corporations and small to medium-sized businesses (SMBs) all struggle with expenses, and must address leaks and mishaps before they become accounting nightmares. SMBs and owners often serve as both CEO and CFO, which means everything is their problem. But there are other types of unwanted friction in finance.

Spend Management Solutions 52

Spend Management Solutions Spend Management Spend Management System accounting and finance 52

PYMNTS

JANUARY 3, 2020

And as promising as things are in the early stages, there’s work to be done before instant becomes ubiquitous. Want to make a CFO smile? Between operational savings and new fees on crowd-pleasing new services like instant, the path to instant profitability starts to emerge. Perception Becomes Reality. Making Money Fast.

Start-ups 60

Start-ups Government Account accountant 60

PYMNTS

MAY 1, 2020

While Amazon earnings announcements over the years have become somewhat well known for their “expect the unexpected” atmosphere, yesterday’s earnings surprise was a big one. We’re not going to let them down.”. But the firm’s revenue came in at $75.45 billion, comfortably ahead of the pre-release guidance of $73.61 billion result.

Entertainment 61

Entertainment Sales 61

Going Concern

AUGUST 7, 2023

The program blends rigorous online learning with on-the-job professional experience for college accounting graduates, offering a less costly and more flexible way to complete the 150-hour course credit requirement to become a licensed CPA. Anything but 120 units, I guess. Some will be disappointed to hear that. WAY TO GO, CLOWNS.

Account 52

Account accountant accounted audit 52

PYMNTS

SEPTEMBER 27, 2019

said in the announcement about the offering, “Walmart aims to be the market leader in providing retail workers a path to careers in growing fields like healthcare. Jimmy John’s has been aiming to attract diners via its in-house delivery program, as delivery platforms like Grubhub and Uber Eats have become popular.

Retail 40

Retail Healthcare North Carolina Georgia 40

PYMNTS

NOVEMBER 6, 2017

With procurement becoming a more strategic unit within the enterprise, much of its power comes in the form of spend management, savings and bottom-line benefits. The company released the findings of its latest survey, a study that examines the path to connectivity forged between procurement and finance departments. “We

Finance 49

Finance Spend Management Technology B2B 49

Airbase

AUGUST 25, 2023

Podcast on Apple or Spotify : Path to Becoming a CFO: Michael Scarpelli, CFO at Snowflake. Podcast on Apple or Spotify : Path to Becoming a CFO: Michael Scarpelli, CFO at Snowflake. At Airbase, we’re proud to include a growing population of odds-defying unicorns as customers.

Finance 130

Finance 130

PYMNTS

JULY 13, 2018

Recent news indicates the path of mobile development there: Kenya’s Safaricom has launched a new Bonga platform , a product designed to combine payments, messaging and online social activities. The popularity of mobile commerce in Africa is a well-known — and ongoing — story. Mobile Expansion.

Healthcare 42

Healthcare Hospitality accounting and finance Tax 42

PYMNTS

JANUARY 11, 2017

With the successful round and the positioning of the CFO, it’s possible that iZettle could soon be gearing up for an IPO. With the successful round and the positioning of the CFO, it’s possible that iZettle could soon be gearing up for an IPO. Many people choose different career paths and start their own companies.”.

Finance 43

Finance Start-ups Maine Technology 43

PYMNTS

APRIL 25, 2016

According to Conferma, 66 percent of CFOs surveyed said they acknowledge their current way of doing things takes too much time; 58 percent said it costs too much money. “As Barker also pointed to today’s CFO becoming less able to ignore the problem. These businesses know that they have a problem, too. The Struggle To Change.

Expense Management 40

Expense Management Education accounting system Start-ups 40

Baruch Lev

NOVEMBER 11, 2021

He was last on back in July 2016 and we discussed his book, The End of Accounting and the Path Forward for Investors and Managers. Click or tap here to listen to the show! Ron and Ed welcome back Professor Baruch Lev from NYU Stern Business School. Ron’s Questions: Segment One. Ed, how’s it going? Ron, it’s going great.

audit 40

audit New York accounting and finance accounting standards 40

PYMNTS

JULY 6, 2016

A new name will be rolled out in August (and will no longer include the word “fab,” according to Goldenberg) and the firm recently recruited Todd Tappin as CFO. The problem with the next big thing and the next big fad is that they are almost impossible to tell apart in real-time. company that went bust immediately.

Retail 40

Retail Start-ups Manufacturing Sales 40

Airbase

FEBRUARY 20, 2023

Throughout her career, Gina Mastantuono, CFO at ServiceNow, has consistently sought out opportunities to grow, both as a leader and as a person. I’m always thinking: how can I add to my resume and beef up my skill set,” she told Jeff Epstein at our recent Path to Becoming a CFO webinar. Toward a well-rounded CFO resume.

accounting and finance 100

accounting and finance Technology Finance Start-ups 100