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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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AAFCPAs would like to make clients aware that, as of May 31, 2024, QuickBooks Desktop 2021 will be discontinued. This includes all 2021 versions of QuickBooks Desktop Pro, QuickBooks Desktop Premier, QuickBooks Desktop for Mac, and QuickBooks Enterprise Solutions v21. Clients who fail to upgrade by this date will no longer have access to live […]
AAFCPAs invites you to join us for our Annual Nonprofit Educational Seminar, virtual again in 2024 and considered by many nonprofit CFOs and Executive Directors to be the premier nonprofit finance educational event of the year. Our panel of industry specialists will discuss important accounting, tax, and regulatory matters that affect nonprofits along with ways […]
