Outsourced Accounting & Finance
FASB Simplifies Credit Losses for Accounts Receivable and Contract Assets
Accounting for credit losses has required companies to peer into the economic fog, projecting how shifts in employment, inflation, or policy might affect a customer’s ability to pay. In July, the Financial Accounting Standards Board issued Accounting Standards Update 2025-05, offering a way to sidestep some of that guesswork—at least for accounts receivable and contract […]
Massachusetts Operational Services Division Provides EEC UFR Reporting Guidance
The Massachusetts Department of Early Education and Care (EEC) introduced changes to its contract reimbursement model that give providers greater flexibility in how costs are recognized. As a reminder, effective October 1, 2024, contracts that were once primarily unit rate now follow a mix of unit rate and cost-reimbursable structures. The change applies to both […]
Senior Living Facilities Face New Financial Challenges in 2025
Senior living facilities are under pressure, managing rising costs while striving to deliver consistent care to a population that is living longer and often requires more complex support. Staffing remains a central concern: wages are up, agency fees remain high, and the workforce is still recovering from post-pandemic attrition. At the same time, more individuals […]
Cash Management Strategies for Life Sciences Companies
Cash drives every strategic decision in the life sciences and medical device field. Whether investing in research and development spending, advancing a therapy through clinical trials, acquiring lab equipment, or managing global vendor relationships, liquidity determines pace and flexibility. Timelines can be long. Outcomes can hinge on regulatory approvals, trial results, or market conditions beyond […]
How Close Automation Tools Support Smarter Nonprofit Operations
The nonprofit month-end close has become an exercise in endurance—manual checklists, spreadsheet reconciliations, and long hours spent assembling reports under deadlines. For lean finance teams, the process is not only inefficient but difficult to sustain. Close automation platforms help reduce that burden by bringing structure, consistency, and transparency to the process. These tools organize workpapers, […]
AAFCPAs Among Leaders Driving CAS Innovation at Accounting Today Summit
Boston, MA (August 08, 2025)—AAFCPAs, a preeminent 350+ employee CPA and consulting firm specializing in tax, assurance, accounting, wealth management, business process and IT advisory solutions, is pleased to announce that Partner Destiny Flood will serve as a featured speaker at Accounting Today’s CAS Virtual Summit, a national event focused on the future of Client […]
Tax and Accounting Implications in Buy-Side Business Transactions
Understanding the myriad tax implications of a buy-side business acquisition is essential to achieving a successful outcome. The way you structure the deal and approach due diligence can influence your financial results and help to avoid costly pitfalls. With the right strategies, you can identify opportunities to maximize tax benefits and streamline the integration process. […]
Mitigate AP Risks by Strengthening Internal Controls
In this article: Accounts Payable (AP) fraud continues to evolve with phishing schemes, fraudulent billing, and payment tampering among the most common attempts used to misappropriate company funds. The 2024 Report to the Nations on Occupational Fraud published by the Association of Certified Fraud Examiners (ACFE) reveals median losses of $155,000 from check and payment […]
Helping Clients Get Audit-Ready: How Advisory Team Supports Auditors
AAFCPAs’ Outsourced Accounting & Fractional CFO Practice Helps Make Audits Smoother and More Efficient As year-end approaches, many finance teams and their external auditors navigate the season’s challenges with a shared goal: ensuring financials are audit ready. Disorganized records, such as missing invoices and agreements, or unreconciled general ledgers can add unnecessary complexity to this […]