Sat.Jan 09, 2021 - Fri.Jan 15, 2021

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Mexican Remittances Set Surprising US Record

PYMNTS

Mexicans and Mexican-Americans working in the U.S. sent a record sum of money to the southern country despite the staggering blows the U.S. economy took due to the pandemic, The Wall Street Journal reported, citing data from Mexico's central bank. During the first 11 months of the year, people in the United States sent $36.9 billion to Mexico, WSJ reported, citing data released by the Banco de Mexico.

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Free Tool Download: 12-Week Cash Flow Projection Calculator

https://trustedcfosolutions.com/feed/

Cash is king in restaurants. In the midst of this crisis situation with COVID-19 , knowing your restaurant’s current cash position is one of the most important insights an operator can have. We have created a simple, yet effective, Weekly Cash Flow Worksheet that you can easily download and modify (fill out the form below to access). Using this spreadsheet tool will help you understand and manage the cash flow dynamics of your business.

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Active Success: Investing Lessons from Odysseus

CFA Institute

With his patience and preparation, Odysseus would have made a great investor.

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Another Thrilling Event as CFO Adam Rises to Fame

Adam Kae

Adam Kae & Associates Presents: 3 Remedies for Ailing Medical Practices. January 28, 2021 | 2PM EST. We are excited to announce ANOTHER excited Adam Kae event! Here are the hot topics: Part 1: Getting the Right Employees in the Right Seats. Part 2: Taxation Structure of Your Practice. Part 3: Monitoring Billing and Coding. Secure your slot HERE.

CFO 52
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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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Nike Sues More Than 1,000 Websites And Other Parties Over Alleged Counterfeiting 

PYMNTS

Nike is suing 589 websites, the owners of 676 social media accounts and more than 100 unidentified companies and individuals for allegedly selling counterfeit versions of its Nike and Converse shoes online. Nike wrote in a lawsuit filed in the U.S. District Court for the Southern District of Manhattan that its trademarks “are among the most widely recognized trademarks in the United States and around the world, as well as among the most popular with consumers.

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Myths of Private Equity Performance: Part IV

CFA Institute

PE results can neither be benchmarked reliably nor delivered consistently.

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Marking Time: A new year, a fresh semester and its class time!

Musings on Markets

As we approach the turn of the calendar year, I have my own set of rituals that prepare me for the new year. Last week, was my data week, where I download and analyze data on all publicly traded companies, listed anywhere in the world, and I will post extensively on what the numbers look like after a most tumultuous year. I also start thinking about my passion, which is teaching, the spring semester to come, and the classes that I will be teaching, repeating a process that I have gone through ev

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Mastercard Launches Pilot Program Using Smartphones As POS Devices

PYMNTS

Mastercard is testing a cloud-based setup that will “enable contactless payments acceptance via a mobile phone.” This Cloud Tap on Phone will mean that “any business – regardless of size – can deliver new and best-in-class contactless consumer experiences using a device they already own: a smartphone,” Mastercard said in a release. The company said the setup “democratizes point-of-sale technology by turning an Android smartphone or tablet into an acceptance device — allowing businesses to accept

Economics 119
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Three key relationships for the CFO to nurture

Future CFO

Business leaders today know that relationships are what fuel long-term growth and opportunities. While accounting and cash management are table stakes of the finance function, the CFO is expected to take on the mantra of relationship builder. This whitepaper digs deeper into three relationships that the CFO must cultivate and master – the executive leadership or C-suite, employees, and customers.

CFO 52
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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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1099 Year-End Checklist for 2021 Tax Year + Free Tips & FAQ Download

https://trustedcfosolutions.com/feed/

Year-end is one of the busiest times for your accounting team. For 2021, the IRS has changed the process for filing 1099’s by adding new forms and altering the filing requirements. These new requirements can make a busy time even more chaotic, so to make your life easier, here is a downloadable checklist and frequently asked questions with tips to help make sure that you are prepared for these changes.

CFO 52
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Gold $3,000?

CFA Institute

What happened to the negative correlation between the price of gold and the US dollar?

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Roblox Registers For Direct Listing; Expects To Be On NYSE In February

PYMNTS

Roblox , which operates an online gaming platform that spans millions of users and millions of variations of games or related interactions, plans to go public on the New York Stock Exchange via a direct listing in February, according to an SEC filing the company submitted. Roblox previously had planned to go public the usual way, allowing Wall Street investment bankers to find buyers for early blocks of shares before opening a stock to investors in the broader market.

Education 115
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3 ways CFOs can lead their business

Future CFO

COVID-19 has taught us one thing – the future is unpredictable. The best companies and leaders have shown a willingness to adapt, and sometimes pivot, and to do so quickly. CFOs, have also seen an expansion of their remit. Digital CFOs are now also responsible for directing strategy and influencing an entire business’ direction in addition to leading the finance team.

Finance 52
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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Data Update 1 for 2021: A (Data) Look Back at a Most Forgettable Year (2020)!

Musings on Markets

I spent the first week of 2021 in the same way that I have spent the first week of every year since 1995, collecting data on publicly traded companies and analyzing how they navigated the cross currents of the prior year, both in operating and market value terms. I knew that this year would be more challenging than most other years, for two reasons.

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Can I record /expense purchases into an inventory account if I am a cash basis business

Proformative

Can I purchase items into inventory and expense over time, when using a cash bas.

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Skip It: Amazon, Walmart Tell Consumers To Keep Unwanted Gifts

PYMNTS

Amazon and Walmart are among the big retailers trying out a new way of handling refunds, according to a report from The Wall Street Journal (WSJ). Customers can ask for a refund, but they might not have to return the item even if they're granted one. The idea, which uses artificial intelligence (AI), is supposed to cut down on work and costs for the companies, which have seen an unprecedented surge in activity because of the pandemic.

eCommerce 112
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CFO buyer’s guide: 9 essentials of an effective business solution

Future CFO

Buying a business software is not as easy as going to an app store, paying for the fee, and downloading the app. As any CIO will attest there is a broad checklist of items that must be ticked to ensure that (a) the new application is secure, stable and will not compromise the enterprise, (b) the new application is able to integrate with the existing infrastructure, and the list goes on.

CFO 52
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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

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Salesforce Unveils Loyalty Management Platform For Businesses As Online Sales Boom 

PYMNTS

Salesforce is rolling out a new product to let B2C and B2B companies easily add loyalty programs at a time when the company says online holiday retail sales grew 50 percent to top $1 trillion. "Organizations with high levels of customer loyalty outperform their competition, so it's critical that they provide their customers with valuable and memorable experiences to build trust," David Schmaier , CEO of Salesforce Industries, said Tuesday (Jan. 12) in unveiling the company’s new Loyalty Manageme

Sales 111
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Digital Technologies Drive Innovation In Retail, Payments

PYMNTS

Target crushed online commerce and reported decent in-store sales volume for the holidays, while Urban Outfitters and Nordstrom had weak in-store traffic that even fairly positive online volume couldn’t surmount. In retail technology, Toshiba Global Commerce Solutions ’ new Elera system aims to supplant in-store IT systems with a new cloud-enabled technology.

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Delta, Airbnb CEOs Say Travel Is Rebounding, But Change Is Inevitable

PYMNTS

Surviving the worst year in aviation history is, itself, an accomplishment. According to Delta Airlines CEO Ed Bastian, while pre-COVID volumes and travel practices may never fully return, the road to recovery has begun. The final destination, however, will be different, especially for the big-ticket business class segment. “All indications are [that] corporate travel is ready to start coming back, and will come back pretty aggressively beginning the second half of this year,” Bastian told analy

SAP 108
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FinCEN Hits Capital One For $390 Million; Says Bank Violated Bank Secrecy Act

PYMNTS

The Financial Crimes Enforcement Network (FinCEN) late Friday (Jan. 15) announced that it is assessing a $390 million penalty against Capital One for engaging in what it says are “both willful and negligent violations” of the Bank Secrecy Act (BSA). According to a statement from FinCEN , Capital One admitted to failing to implement and maintain an effective anti-money laundering (AML) program.

Banking 107
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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Payments as a Service, Ready for Prime Time?

PYMNTS

These days, with the emergence of the cloud, open banking and application programming interfaces (APIs, the moniker “as-a-Service” applies to pretty much any business function that is now able to be outsourced to a third party. That includes Payments-as-a-Service (PaaS) in which providers help enterprises accept a range of transactions from their end customers — whether those end users (the ones actually paying and getting paid) are consumers or corporates.

B2B 104
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The Week In Happiness: Brought To You By Dancing Robots

PYMNTS

America did not have a good week. U.S. employers shed jobs last month for the first time since April, with 140,000 positions cut, according to the Associated Press – mostly in restaurants, bars, hotels and entertainment venues. COVID-19 is on the rise. And the tumultuous transfer of power currently stumbling gracelessly toward the finish line briefly erupted into a riot that left Congresspeople hiding in their offices and the Capitol building full of smashed windows.

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Digital Shift Leads Mastercard To Take Contactless Payments To The Cloud

PYMNTS

If the sky’s the limit for contactless payments, which the pandemic has certainly shown, and if the technology is deployed across mobile devices. then it makes sense to move to the cloud. To that end, Mastercard said Monday (Jan. 11) that it had partnered with NMI and Global Payments to launch a pilot for new cloud-based point of sale technology. The goal is to broaden contactless payments acceptance for merchants serving consumers who want to pay with their Android mobile devices.

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Affirm Aims At Over $10 Billion Valuation In New IPO Filing

PYMNTS

Buy now, pay later (BNPL) platform Affirm boosted the price range of its initial public offering (IPO), potentially raising $1.08 billion, according to a Monday (Jan. 11) filing with the Securities and Exchange Commission (SEC). The Silicon Valley startup is planning to offer 24.6 million shares of its common stock through the IPO, with a price range of $41 to $44 per share.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.