The Bonadio Group

✅ Overcome your organization’s challenges ✅ Achieve your strategic objectives ✅ Innovate with technology and scalable solutions ✅ Protect your reputation Our Advisory & Consulting professionals are dedicated to helping you unlock your full potential! Learn more about our finance, strategy, operations, risk management, and M&A services: https://lnkd.in/enjN24eU #ToBeGreater #Strategy #OutsourceAccounting #CorporateFinance #Fraud #Cybersecurity

Does AI really live up to the hype? With thoughtful integration into your business operations, the answer is yes. AI can strengthen your competitive advantage, deepen customer relationships, and fuel sustainable growth. Our CIO, John Roman, CISSP, shared these insights alongside tech leaders at the Data & AI: Accelerating Adoption and Impact event hosted by Cause + Effect Strategy. Take a look at this event recap in the Rochester Business Journal to learn how you can responsibly work smarter with AI: https://ow.ly/zi7950X3Hs8

Our Partners, Nancy Cox and Josh Whitworth, CPA, are attending EXPO REAL next week! If you’re attending, we’d love to say hello and discuss growth strategies and international tax considerations with you. #EXPOREAL #ProudlyMoore

Fraud prevention is a marathon, not a sprint. 🏃➡️ Consider these 3 strategies to gain effective, easy wins early in the process: 1. Create and communicate a path for reporting anonymous tips 2. Develop and communicate an anti-fraud policy through anti-fraud training 3. Document and enforce regular management review And that’s just the beginning. Learn additional methods for rooting out fraud, waste, and abuse and how we can help from our Partner, Brian Lafountain, CPA, CFE: https://ow.ly/y0BZ50WYSyK

In the credit union sector, cybersecurity can no longer be siloed within IT departments. Instead, it must be treated as a boardroom responsibility. While many credit unions recognize this new imperative, few are prepared to effectively supervise cybersecurity efforts. That’s where a cybersecurity governance assessment comes in! Learn about this new kind of audit from our Principal, Christopher Salone, CISA, CCSFP, MBA: https://ow.ly/JsqS50X32Ky

Nonprofit leaders often ask us: “how should my organization record revenue?” We’re here to break it down by the two main models under GAAP. ⬇️ ASC 606 applies to exchange transactions, requiring nonprofits to meet specific performance obligations under a contract. In contrast, contribution accounting applies to nonreciprocal transactions in which the donor receives no equal value in return. We know that this distinction can be tricky. That’s why our Human Services Industry Leader, Kevin Testo, CPA, and Partner, Heidi Bresler, CPA, MBA, created a decision matrix to guide revenue recognition for your nonprofit here: https://ow.ly/9cG050WYStL

On September 8th, DALLE Accounting officially joined The Bonadio Group. After almost 20 years of growing a small organization and the challenges that come with flying solo, I could not be more excited to be part of such a supportive and dynamic organization. The support our new TBG team has provided us has reinforced why this partnership will be so successful for our clients, our staff, and our community. The DALLE team and I look forward to contributing to the culture of #ToBeGreater.

The human services sector is facing volatility with funding, insurance costs, and staffing shortages. Our team of experts advises that organizations respond by building contingency plans, obtaining an operational review, and considering merger and affiliation opportunities. Learn about these considerations and our commitment to supporting human service organizations from our Partner, Kenneth McGivney: https://ow.ly/Z3TC50X2sff

With a team like ours, every day feels like Human Resource Professional Day! Thank you to our HR Team for supporting our People and our firm with care and expertise year-round. 💫 #ToBeGenuine #HRProfessionalDay