Dani Stiles

Throwback Thursday to a topic that never gets old...Differences Between an Accountant and Bookkeeper. This is a common question many Chicago business owners and managers ask when contemplating how to outsource accounting functions. While the two titles are often used interchangeably there are important differences that should be identified when it comes to the professional’s focus and tasks. https://lnkd.in/gAkcCfFr

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[Fill in the blank] challenge 😱 Below was my keynote presentation for the Indiana CPA Society Finance Trends conference. My presentation was on "Going from Good to Great in Finance." ❓Based on the picture below, what was I talking about? Let me know in the comments 👇 #finance #cfo #conference #freshfpa #fractionalcfo #accounting

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A large gap exists between the accounting departments of large or publicly traded companies and smaller or private companies. In our past 25 years of consulting we’ve noticed that more often than not, these smaller/private companies will fill the gap with Bookkeepers, rather than the degreed Accountants/CPAs they require. The problem is that companies operating under $10 or even $20 million often can’t (or wont 🙃) afford the degreed accountants, much less a Controller or CFO. We've seen this happen repeatedly in companies of all sizes and industries. The talent pool for these roles is diminishing rapidly and the professionals remaining are demanding higher salaries. But ALL companies need timely U.S. GAAP financial reporting, cash flow forecasting, and budgeting. These things are essential when your company inevitably wants to work in bankers, investors or potential buyers in the future. Read more in these Wiki CFO Articles: https://lnkd.in/g2zicrcy & https://lnkd.in/g37dNAZP.

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The economy grew at a solid 2.8% pace in Q3, supported by strong goods consumption and defense spending. Read our expert analysis. #economy #GDP

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What do accountants think about the upcoming election? Accounting Today and our parent company Arizent Research surveyed accountants and other financial professionals. Accountants’ current voting intentions for the 2024 presidential election more or less mirror how they voted in 2020 — allowing for those who are still undecided, they’re relatively evenly split between the two major parties — but they are agreed that fiscal, economic and tax issues are the biggest priorities for whoever wins. Find out the survey results and links to recent articles on our special Election 2024 page: https://bit.ly/3WvjSPE

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It’s not uncommon for companies to have their financial statements prepared externally. The AICPA has just issued an exposure draft to better cover this area when your financials are done externally. For those companies who perform those services, heads up. If you are considering contracting a service to do your financial statements, then you may want to review this before contracting?As C-Suite Support, we do several members financial statements, as well as provide accounting services depending on the client’s needs. Paul Whitley Taber Wetz Chris Gauvin Jayson Potts, MBA C-Suite Support

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We read this piece and thought "hmm, are we?" Yes we do face a growing scarcity of people entering the #accounting but are we self-sabotaging because of workload commitments and requirements? "The Illinois CPA Society has a question: Is the accounting profession damaging its own pipeline? According to the ICPAS's new "Re-Decoding the Decline" report, the top barrier to CPA licensure is time — not the 150-hour credit rule. The report, released Thursday, surveyed 7,780 accounting students, graduates and young professionals nationwide under the age of 35 who were pursuing or have pursued accounting degrees and careers." #accountingcareers #cpanews #hr #employment #recruitment #cpa #collegegraduates

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Join Rehmann for our upcoming webinar! Dan Merritt provides the latest update on the significant changes to the single audit guidance, including what auditees should be doing to prepare for a smooth audit. Sign up today!

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How to effectively retain accounting talent in 2024 ⬇️ Research from the Pennsylvania Institute of Certified Public Accountants (PICPA) indicates a rising need for nuanced retention strategies. After surveying both current and former CPAs and other accounting professionals, researchers found: - It's not just about the money 💵: Employees tended to depart from their roles due to a combination of factors including work-life balance, benefits, and recognition from management. - Many professionals are here to stay 🤝: Plenty of the professionals that were surveyed wanted to stay in their profession and with their employer. - Compensation and workload management are key 📍: Professionals want more flexibility over location and working hours. Read the full article here: https://buff.ly/4bj2IJl #compensation #CFO #accounting

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