Mike Vanecek

CFO/CIO @TMCFinance | SBA 504 lender helping small businesses | Founder, GrowWise Systems | Helping $2M-$10M businesses re-engineer the Quote-to-cash cycle.

[#🟦 🟧 Rieva Lesonsky 🌻🌻🐞⚾️ @Rieva]

Beyond generic #AI, @billcom introduces an AI specifically built for financial management for #SMBs that offers you accuracy, security & full control: https://t.co/nPp6P7Oae5?

[Mike Vanecek @mikevanecek]

3 Step Cash Triage:

Cash sitting in the account today.

Fixed cash outflows scheduled in the next 30 days (payroll, rent, debt, insurance, and anything else that will leave regardless of new sales).

Committed inflows expected in the next 30 days (money you are highly confident will arrive—leave the maybes out).

If cash on hand plus committed inflows covers the fixed outflows, you have breathing room.

If it does not, you are in a cash gap, and the priority and energy shifts to closing that gap.

Solutions: Now you know the target, get to work:

Go back to your list of receivables, contact all past due or coming up, consider offering discounts for payment.

Invoice all work ready for but not yet invoiced and make contact for payment, consider offering a discount for payment.

Any work in progress, call for a deposit / progress payment, you’d be surprised, sometimes it only takes asking for it.

Only after all of the above look at what you can defer. Rent, debt payment, insurance bill, supplier. Same as above, you’d be surprised by just asking.

If the gap remains after these steps, use existing credit or temporary capital so your covered. Do this from a position of clarity, not panic.

If you want to chat more about this or similar chaos you are experiences dm me

[Mike Vanecek @mikevanecek]

The $100M / up to $25k program is real, but it’s framed more broadly than a pure “catch AI mistakes” bounty.
EY is explicitly rewarding human skills (judgment, adaptability, business acumen, innovation) that AI still can’t reliably replicate, plus experimentation with the tools.
Spot bonuses go up to $500; larger awards to $25k for material impact.
All four Big Four have had public AI hallucination problems in the last year or so—EY Canada pulled a report with fake footnotes, KPMG’s agentic AI report had ~40 of 45 citations fabricated or badly distorted, Deloitte had the Australian government report issues, and PwC Middle East had multiple reports with invented or broken citations.
When the firms selling AI advisory can’t keep their own thought leadership clean, paying people to exercise skepticism looks less like pure culture-building and more like damage control.
Whether this program actually moves the needle depends on whether they reward the people who slow things down and check sources, or just the ones who sound confident while shipping polished AI output.

[Blake Oliver @BlakeTOliver]

EY is paying employees up to $25,000 to catch their own AI's mistakes.

They’re calling it a bonus for "human checks". But let's call it what it is: a bounty program for AI slop. This comes right after all four Big Four firms faced major incidents involving fabricated AI citations in their consulting divisions.

We talk about it on Episode 504 of The Accounting Podcast: https://t.co/qvp5pqlEnQ

[Mike Vanecek @mikevanecek]

@NFL @Seahawks @Raiders please put this in the playbook!

[Mike Vanecek @mikevanecek]

https://t.co/tGlCyx7QTU

[Mike Vanecek @mikevanecek]

https://t.co/YCsytwP5Kl

[Small Business Expo @SmallBizExpos]

🚨 TOMORROW, LAS VEGAS! Small Business Expo is just 1 day away. Connections, ideas & new opportunities are waiting.

📅 Sept. 10 | 10 AM–5 PM📍 Plaza Hotel & Casino Convention Center
🎟️ Get your FREE ticket:
https://t.co/WC5lDYGH4W

#SmallBusinessExpo #LasVegas

[Ignition @ignitionapp]

Does your client onboarding system have room for improvement? 👀

Whether you’re a bookkeeping rookie or a seasoned pro, join us for a webinar to start every engagement on the right foot.

🗓️ September 14th, 12pm ET.
Save your spot: https://t.co/j8U5ZHoq6q

#TaxTwitter

[Mike Vanecek @mikevanecek]

Your business operates the same as @ScuderiaFerrari
You don’t win by hiring talent without clear direction. You win when the owner, the team, and every process move as one machine. Alignment is the real competitive advantage.”
#smallbusiness

[Scuderia Ferrari HP @ScuderiaFerrari]

Words we live by, this weekend and always ❤️

[Mike Vanecek @mikevanecek]

tiny as in simple ux? lightweight? My fingers are crossed awaiting the answer.

[Varun Singh @VarunSing1356]

mine's a tiny SaaS for invoice chasing, mostly because founders keep asking me to do their awkward follow-ups. curious if you'd guess it's b2b or consumer?

[ClickUp @clickup]

Your team’s best AI workflow should not live in one person’s head. ⬇️

[Mike Vanecek @mikevanecek]

Right diagnosis, wrong fix. The constraint isn't AI literacy, it's governance. No one's written down who's allowed to decide what.

Start with a decision-rights matrix, not a 30-page policy:
✅ Draft/extract
✅ Recommend only—a human decides tax positions, materiality, estimates
❌ Never sign, file, or paste client data into a consumer tool

If a partner can't point to one page showing what the model decides vs. what needs a signature, it's not a skills problem. It's an ungoverned workflow.

[Accounting Today @AccountingToday]

What's the AI skills gap in accounting? Since generative AI entered mainstream conversation, disruption has dominated the headlines. Will automation eliminate accounting jobs? Will finance teams get leaner, smaller and further removed from the strategic table? But inside many accounting organizations, there's a different story. https://t.co/IFePqcSKx8 #AI #accounting

[Mike Vanecek @mikevanecek]

#smallbusiness

[Nevada SBDC @NevadaSBDC]

📅 AI Day is on Sept. 21!

Join us for a hands-on day exploring practical AI tools, building with @Lovable and turning ideas into working prototypes — no coding experience required.

Register: https://t.co/F0YfAQXGMO

Then keep the momentum going at @RenoStartupWk 9/28-10/2!

[Mike Vanecek @mikevanecek]

#smallbusiness

[TMC Financing @TMCFinance]

Productive conversations, strategic planning, and a beautiful evening on the bay.
Thank you to TMC Financing’s Board of Directors for your time, leadership, and unwavering support of our mission to help small businesses thrive. 💙🌴
#TMCFinancing #SmallBusiness #Leadership

[CPA Practice Advisor @cpapracadvisor]

The real opportunity in accounts payable is not changing where invoices arrive. It is eliminating the repetitive work that follows- https://t.co/rBavzq5hKB

[Mike Vanecek @mikevanecek]

Your team is working more hours.
Pay is not keeping up.

Hours up 0.07% for a sixth month. Wage growth 2.89%.
Owners are stretching the people they already have.

Frank Fiorille, Paychex: “They are still trying to squeeze more work out of the existing workforce… That can only go on so long.”

GrowWise take: extra hours without better systems burn people and margins. Control the work. Don’t just work harder.

[Accounting Today @AccountingToday]

Employees are working more hours per week at small businesses, but are only seeing modest pay gains, according to a new report from @Paychex. https://t.co/GneT4CpieD #payroll #SmallBusiness #employment

[Mike Vanecek @mikevanecek]

A team can close 100 tasks and still improve cash flow by zero days.Take a $250,000 deal.

If the quote sits 5 days, approval takes 3, and the invoice waits 7, $250,000 is delayed 15 days.

Do that across 20 deals and $5 million is stuck in process, not in the bank.

Activity can rise while throughput stalls. The bottleneck decides growth.
#CashFlow #Operations #ProcessImprovement #Throughput #BusinessGrowth

[Henderson Chamber of Commerce @HCC_Nevada]

Booths for Ready, Set, Expo are filling quickly, and this is your chance to get your business in front of 1,000+ attendees all in one afternoon.

Reserve your spot today: https://t.co/Difxs1XZD2

📍 Lee's Family Forum
📅 September 30
⏰ 2:00–6:00 PM

[Box @Box]

https://t.co/0V3aUIPrBV