Business and IT Consulting

Strengthening Cybersecurity: Key Actions to Mitigate Evolving Threats
Boost Your Cybersecurity with These Essential Tips In today’s interconnected world, cybersecurity threats are escalating at an alarming pace. From sophisticated ransomware campaigns to targeted phishing schemes, these attacks underscore the evolving strategies of cybercriminals and the vulnerabilities in current security infrastructures. Several factors contribute to the recent increase in cyber threats. The widespread adoption […]

Accurate Forecasting Matters for Business Growth
Budgeting and forecasting are critical components of financial planning, each serving its own distinct purpose. A budget establishes the financial framework for the year, providing a static benchmark against which performance is measured. But budgeting, while essential, is only half the equation. Cash forecasting completes the picture, offering a dynamic, real-time view of financial health […]

Join Us for an Exclusive Webinar: Budget With Efficiency!
Are you tired of the time-consuming and frustrating annual budgeting process? AAFCPAs helps clients streamline budgeting, forecasting, and reporting with Martus™, an easy-to-use and affordable cloud-based software. Webinar Highlights Save the Date What: Streamline budgeting, forecasting, and reporting with Martus™ When: February 12th, 12:00 – 1:00 PM ET. Where: Join virtually through zoom. 1-CPE credit for […]

Streamlining Operations: How Modern ERP Systems Solve Inefficiencies and Drive Growth
In this article: Complex nonprofits, especially multi-service health and human services agencies, face the daunting task of managing diverse programs, complex funding streams, and stringent compliance requirements. Fragmented systems and disjointed processes can compound these challenges, leading to inefficiencies and increased administrative workloads. The implementation of a well-designed enterprise resource planning (ERP) system offers a […]

Is your chart of accounts an unnecessarily complex maze?
In the fast-paced world of business, growth often leads to complex challenges, especially in accounting. A common issue many organizations face as they expand is the management of increasingly lengthy account numbers. These numbers, which detail segments of transactions such as location, department, and grants, can become unwieldy as organizations rise to meet new challenges. […]

Safeguarding Against Holiday Season Phishing and Cyber Threats
AAFCPAs would like to remind clients that the period between Thanksgiving and New Year’s is a prime time for phishing and other malicious cyberattacks. Cybercriminals take advantage of increased internet shopping, debit/credit card use, and the influx of holiday offers to deceive individuals into disclosing sensitive information. Now more than ever, vigilance is required in […]

Shift in EEC Funding Model Requires Business Process Assessment
Effective October 1, 2024, the Massachusetts Department of Early Education and Care (EEC) shifted its contract reimbursement from a primarily unit-rate model to a mix of unit-rate and cost-reimbursable contracts. Under the new contracts, childcare seats will be reimbursed on a unit-rate basis while administrative and supportive services will be funded through cost reimbursement contracts. […]

Cost Center Coding Strategies for Effective Grant Reporting
For complex human and social services providers, managing grants and ensuring compliance can often feel like navigating a labyrinth. One effective strategy to simplify this process is through cost center coding. AAFCPAs provides the following detailed guidance on how to leverage cost center coding to streamline grant reporting and maintain compliance. Design Your Cost Centers […]

October is Cybersecurity Awareness Month. Are You Prepared?
Cybersecurity Awareness Month is observed in October in the United States to raise awareness about the importance of protecting digital systems and data from cyber threats. As of the third quarter of 2024, there were over 2,000 reported data breaches affecting an estimated 1.3 billion individuals globally with major breaches affecting companies like UnitedHealth, Snowflake, […]