Financial Management

Tampa – October 31, 2026 -- Tampa General Hospital (TGH) has promoted Lijah Lokenauth, CPA, CFE, to executive vice president and chief financial officer, effective Jan. 4, 2027, replacing Mark Runyon in the system's top finance role.

Lokenauth currently serves as senior vice president of finance. He will oversee the financial strategy and operations supporting the academic health system's long-term sustainability and strategic priorities.

Runyon moves to executive special projects after raising more than $1.2 billion in bonds

Runyon, who joined TGH in early 2020, will become executive vice president of executive special projects, reporting directly to President and CEO John Couris. During his tenure, Runyon guided the system through the financial impact of the COVID-19 pandemic and raised more than $1.2 billion in capital through bond financing. He also secured a credit rating upgrade and modernized systemwide financial reporting.

Cheyenne – October 30, 2026 -- Clean, consistent bookkeeping typically translates into lower accounting fees and fewer filing delays for small businesses, according to a HelloNation article featuring Cheyenne Accounting Expert Richard A. Atkins.

Reconciliation exposes errors and possible fraud

The article describes bookkeeping as tracking all income and expenses, categorizing every transaction correctly and keeping records that reflect the business's financial state at any time. Account reconciliation, which compares internal records against bank and credit card statements, can reveal errors, missed entries and fraudulent activity that might otherwise go undetected for extended periods.

Rochester – October 14, 2026 -- Fee structure is only one of at least five factors business owners should weigh before hiring an outsourced CFO, according to a HelloNation article featuring Tracey Rink, CPA, of Bowers Accountants & Advisors.

Service scope varies from reporting to growth planning

Some providers focus mainly on financial reporting and budgeting. Others also handle cash flow forecasting, strategic planning, lender relationships, business valuations and growth planning. The article says owners need to know exactly what an engagement includes to judge whether it covers current needs and future objectives.

Nashville, Tenn. – October 08, 2026 -- Foundation Group has combined its legacy Bookkeeping division with boutique accounting firm Nonprofit Suite to create Foundation Group Accounting Services, a single unit serving nonprofits from startup bookkeeping through complex financial reporting. Lora J. Lahoda, CPA, CGMA, has been named Vice President and General Manager of the new division, overseeing integration, staffing, and service delivery.

Two nonprofit accounting practices with decades of combined history now operate as one unit

Foundation Group's Bookkeeping division has supported small and mid-sized nonprofits for more than eight years, while Nonprofit Suite has served larger, more complex nonprofit organizations for over 20 years. The merger creates what the company calls a scalable continuum, allowing clients to move from basic bookkeeping to operational accounting and strategic advisory services without switching providers.

Franklin, Indiana – September 30, 2026 -- Businesses that treat bookkeeping as a once-a-year task risk masking cash shortages even when profit-and-loss statements look strong, according to Joshua Case, CPA of American Tax Service LLC in Franklin, Indiana, in a newly published HelloNation article.

Profitable companies can still run out of cash, CPA finds

The article states that a business can appear profitable on paper while facing real cash shortages. Regularly updated financial records help owners track seasonal fluctuations, recurring costs, and unpaid invoices before they escalate into liquidity problems.

Monthly and quarterly reviews replace year-end guesswork

Rather than waiting for annual summaries, the article recommends evaluating financial performance on a monthly or quarterly basis. This cadence supports budgeting, pricing decisions, and faster responses to shifts in market conditions or operating expenses.

Vero Beach, Fla. – September 24, 2026 -- Riverside Theatre, Florida's largest independent nonprofit professional theatre, has appointed Robert (Bob) Gibilterra as Chief Financial Officer, effective October 2026, placing a nearly three-decade Viacom finance veteran in charge of the organization's next growth phase.

Gibilterra will oversee accounting, budgeting and long-range financial planning as Riverside expands its campus

The CFO role will manage financial operations, risk management, and strategic planning as the Vero Beach-based theatre advances plans for a more flexible, expanded campus. Gibilterra relocates to Vero Beach to take up the position.

Zephyrhills, Fla. – September 15, 2026 -- Small business owners in Zephyrhills, Florida who delay bookkeeping until tax season face avoidable cash shortfalls and compliance risk, according to a HelloNation article featuring accountant Nils Lenz.

Poor recordkeeping turns profitable businesses cash-poor

The article states that a business can show a profit on paper while running short on cash for payroll or rent. Florida businesses collecting sales tax need clear separation between tax collected and actual revenue to avoid shortfalls, the article notes.

Monthly bookkeeping reduces year-end filing stress

Consistent monthly recordkeeping catches small errors before they become costly problems and allows owners to calculate quarterly estimated tax payments without relying on rough guesses, per the article. Waiting until tax season often turns simple recordkeeping into a stressful search for missing receipts and unclear numbers.