55 episodes

The accounting profession is in a state of flux. With a shocking number leaving the industry and fewer students opting to major in Accounting, it's clear that change is needed — and fast. Hosted by FloQast co-founder and CEO Mike Whitmire, inactive CPA, Blood, Sweat & Balance Sheets explores the modern accounting landscape to identify how to uplift the profession, ways in which leaders can evolve operations to empower employees, and highlights individuals making material impacts in finance and accounting.

Blood, Sweat & Balance Sheets Mike Whitmire

    • Business

The accounting profession is in a state of flux. With a shocking number leaving the industry and fewer students opting to major in Accounting, it's clear that change is needed — and fast. Hosted by FloQast co-founder and CEO Mike Whitmire, inactive CPA, Blood, Sweat & Balance Sheets explores the modern accounting landscape to identify how to uplift the profession, ways in which leaders can evolve operations to empower employees, and highlights individuals making material impacts in finance and accounting.

    A Behind-the-Scenes Look at FloQast’s $100M Series E: Fundraising Insights for Accountants

    A Behind-the-Scenes Look at FloQast’s $100M Series E: Fundraising Insights for Accountants

    On the latest episode of Blood, Sweat & Balance Sheets, FloQast CEO Mike Whitmire is joined by CFO Razzak Jallow to discuss the ins and outs of FloQast’s Series E round of funding. Take an inside look at all the work that goes on behind the scenes, from investor relations to negotiating term sheets, Mike and Razzak candidly discuss the fundraising process, providing valuable insights for accountants and entrepreneurs alike.

    Key Takeaways:
    Behind-the-Scenes Insights: Razzak provides a first-hand account of the extensive legwork and meticulous planning involved in securing FloQast's Series E funding, offering a rare glimpse into the inner workings of a high-stakes fundraising endeavor.

    Insights for Accountants: Gain valuable insights into the intersection of finance and entrepreneurship, as Mike and Razzak share essential knowledge that accountants need to know about fundraising and scaling a business.

    Navigating Investor Relations: Delve into the nuances of dealing with potential investors, including the strategies employed and the challenges encountered along the way.

    Pitfalls of Fundraising: Mike and Razzak candidly discuss the common pitfalls and hurdles encountered during the fundraising process, offering practical advice for navigating these challenges.

    Evolution of FloQast’s Funding Rounds: Explore how the Series E funding round differed drastically from previous rounds, highlighting the evolving dynamics of fundraising in a rapidly changing business landscape.

    Future Plans: Discover FloQast's ambitious plans for utilizing the newly acquired funding, offering a glimpse into the company's vision and strategic direction.

    Subscribe now to Blood, Sweat & Balance Sheets for more episodes featuring industry leaders sharing their insights on financial management, operational excellence, and the journey to success.

    https://linktr.ee/bsbspodcast

    • 55 min
    Automating the Audit: How This Controller Streamlined Operations for a Pain-Free Busy Season

    Automating the Audit: How This Controller Streamlined Operations for a Pain-Free Busy Season

    On the latest episode of Blood, Sweat & Balance Sheets, host Mike Whitmire, CPA, co-founder, and CEO of FloQast, sits down with Ashley Griesshammer, VP Controller at Lovevery, a rapidly growing Boise-based e-commerce company. Join us as Ashley shares her journey of automating and simplifying Lovevery's audit process, ensuring a smooth and pain-free busy season.
    As a seasoned finance professional — and the 2023 FloQast Controller of the Year — Ashley delves into the intricacies of overseeing the audit for a growing international company, and how subtle changes to recurring accounting processes can pay off big down the road. Discover the actionable steps she implemented to streamline operations, leveraging automation to navigate through complex audit requirements effortlessly.
    Tune in to gain valuable insights into:
    Overcoming audit challenges in the e-commerce industryImplementing automation tools for efficiency and accuracyCreating a repeatable audit process to support company growthStrategies for maintaining balance and sanity during the busiest times of the yearWhether you're a finance professional, entrepreneur, or simply interested in optimizing operational efficiency, this episode offers invaluable lessons from someone who has been there and done that. Don't miss out on Ashley's expert advice on simplifying audits for sustainable growth.
    Subscribe now to Blood, Sweat & Balance Sheets for more episodes featuring industry leaders sharing their insights on financial management, operational excellence, and the journey to success. https://linktr.ee/bsbspodcast

    • 41 min
    Controller’s Guidebook Unveiled: Navigating Trends in Accounting — Pt. 2

    Controller’s Guidebook Unveiled: Navigating Trends in Accounting — Pt. 2

    Join host Mike Whitmire and guest Stefan van Duyvendijk in the concluding episode on the Controller's Guidebook research series. Part Two delves into critical aspects shaping the accounting landscape, including burnout, talent shortage, salary challenges, and the transformative role of technology. Explore why accountants should embrace a more strategic role, unlocking valuable insights for business success and creating more fulfillment in their careers. Get real-world insights on leadership empowerment and uncover practical steps for navigating the ever-evolving accounting landscape based on the Controller's Guidebook series.

    • 35 min
    Controller’s Guidebook: Talent, Tech, Burnout — Understanding the Current State of Accounting Pt. 1

    Controller’s Guidebook: Talent, Tech, Burnout — Understanding the Current State of Accounting Pt. 1

    In this episode of 'Blood, Sweat & Balance Sheets,' host Mike Whitmire and FloQast's Accounting Operations Evangelist Stefan van Duyvendijk take a deep dive into the findings of FloQast's research series into the state of the accounting industry, Controller's Guidebook. Part One unveils critical insights into the current state of the accounting profession, exploring topics such as talent retention, technology trends, burnout, and more. Gain practical perspectives on industry dynamics, setting the stage for a deeper exploration in the next installment.

    • 36 min
    Forecasting 2024: Navigating ESG, Generative AI, and Security in Accounting

    Forecasting 2024: Navigating ESG, Generative AI, and Security in Accounting

    In the concluding episode of 'Blood, Sweat & Balance Sheets,' host Mike Whimtire and special guest Stefan van Duyvendijk, FloQast's Accounting Operations evangelist, provide thoughtful insights into anticipated shifts in the accounting landscape for 2024. In this second part, the discussion focuses on the significant impacts of ESG on accounting practices, the role of generative AI in financial operations, and the critical importance of security measures. Join Mike and Stefan as they navigate the evolving terrain of accounting, offering pragmatic perspectives on ESG, AI, and security in the year ahead.

    • 36 min
    2024 Accounting Predictions: Employee Retention, Better Pay for Accountants, Automation, and More

    2024 Accounting Predictions: Employee Retention, Better Pay for Accountants, Automation, and More

    In the latest episode of "Blood, Sweat & Balance Sheets," host Mike Whimtire is joined by special guest Stefan van Duyvendijk, the Accounting Operations evangelist from FloQast, for an insightful discussion on the upcoming trends and predictions shaping the accounting landscape in 2024. In this first part of a two-part series, Mike and Stefan delve into crucial topics such as employee retention strategies, the evolving dynamics of accountant compensation, the impact of automation on traditional accounting practices, and other key forecasts that will influence the world of accounting, finance, and business in the coming year. Don't miss this engaging and informative episode as they explore the future of the industry and provide valuable insights for professionals navigating the ever-changing terrain of finance.

    • 38 min

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