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Nonprofit Seminar 2025

On April 30, 2025 AAFCPAs’ held our Annual Nonprofit Seminar! This event delivered practical strategies to help nonprofit leaders and finance professionals navigate current challenges, optimize operations, and drive long-term success within your organization. During the seminar, attendees: April 2025 Webinars On-Demand | Testimonials Webinars On-Demand Our carefully curated agenda offered a blend of data-driven […]

Best Practices for Cash Management

10 Tips for Effective Cash Management Understanding and managing cash is essential to running a business. Cash is at the center of every decision, from paying bills to meeting payroll. Effective cash management also ensures a business can invest in new projects, expand operations, and prepare for unexpected expenses or downturns. It ensures timely credit […]

OSD Procurement Regulations Related to Environmentally Preferable Products  

AAFCPAs would like to inform our health and human services clients that the Operational Services Division (OSD) of Massachusetts is planning to amend 808 CMR 1.00 to include provisions and requirements related to Environmentally Preferable Products (EPPs). While these amendments are currently in the early stages and OSD is soliciting feedback, their implementation appears imminent.  […]

A Guide to Business Process Assessment and System Selection 

A business process assessment is the first step in identifying, addressing, and solving inefficiencies that may hold back performance and productivity within your organization. Successful, growing organizations often find themselves over-reliant on Excel for data management, facing reporting delays, lacking real-time insights, struggling with data processing and intensive reconciliations between systems, or closing late due […]

The State of Cannabis Rescheduling: Where Does It Stand? 

AAFCPAs would like to make cannabis clients aware that the public commentary period on cannabis rescheduling has ended, marking a key turning point in the ongoing debate over cannabis regulation. On July 22, the commentary period officially closed, with more than 43,000 comments submitted. The overwhelming majority of comments favored complete cannabis descheduling rather than […]

Why a Business Process Assessment is Essential for Successful System Implementation

While it is more instant gratification to skip analysis before selecting the pretty new system with fancy bells and whistles, this may lead to poor fit, high cost, security exposures, downtime, disruption, issues with scalability, and long-term vendor dependance. Employees may also feel resistant to change and frustrated by the new system right off the […]

Seminar Recap: Decoding RPA for CFOs

During AAFCPAs’ recent Nonprofit Seminar (April 2024), Vassilis Kontoglis and Ryan K. Wolff, MBA briefed approximately 400 attendees on the ways in which nonprofit executives can harness RPA for financial automation. The full session was recorded and may be viewed as a webcast at your convenience. >> Robotic Process Automation (RPA) is transforming finance, accounting, […]

IRS Provides Update on Employee Retention Credit (ERC)

AAFCPAs would like to make clients aware that, on June 20, 2024, the IRS announced its plans to deny tens of thousands of improper, high-risk Employee Retention Credit (ERC) claims. Concurrently, the agency is processing a new round of lower-risk claims using insight gleaned from its initial review to expedite payments to taxpayers who filed […]

Multifaceted Energy Resource Company Embarks on Financial Software Overhaul – Client Success Story

AAFCPAs provides the technical blueprint to unite a portfolio of vertically integrated entities. A rapidly expanding energy resource company comprised of multiple diverse yet interconnected entities faced numerous obstacles when it came to maintaining its general ledger, billing clients, and managing projects. Collectively, the company is responsible for building commercial and industrial solar grids, leasing […]