Finance platform Rho launched the Rho Partner Portal for Accountants, a version of Rho designed specifically for partners at Rho who are accountants. This could include fractional CFOs, heads of a particular practice within a large firm, accountants with just their own book of clients, and more. 

Essentially, the solution delivers Rho’s cash and spend management capabilities, with the added benefit of providing accounting partners a consolidated view of their entire book of business. 

Users can: 

• Manage team access to client accounts with fixed roles for security and efficiency;
• Request client account access, set user permissions, and manage connections from a single dashboard;
• Invite clients to Rho and track status with real-time updates for onboarding clients with minimal friction;
• Use two-factor authentication to access the portal; 
• Chat, email or talk on the phone with dedicated points of contact; and, 
• Access a consolidated snapshot of the team, and which accounts they can access. 

Rho developed the portal in response to feedback from accounting partners, who talked about the challenges of provisioning users in and out of client accounts as staffing changes, especially if they cannot self-serve the process. 
Firms wanted a simple repeatable way to get their clients onboarded to the solution they are recommending, as errors or lack of guidance in the onboarding phase start a relationship on a weak note. 

The security measures, such as two-factor authentication, were added in response to feedback from accounting partners, as they wanted to ensure data is protected during the onboarding process and that the right permissions are granted at the onset without having to chase specific people or reuse shared credentials that are vulnerable to exploitation.

“The Rho Partner Portal marks the latest step in our commitment to building the finance platform that accountants love—one that makes it easier for partners to introduce staff and new clients to Rho and deliver more client value faster,” said the company’s blog post announcing the release. 

While the feature is called Partner Portal for Accountants, a spokesperson said Rho intends for more than just accountants to use it in the long term.

The International Accounting Standards Board is looking for feedback on some targeted improvements it’s proposing to make to improve the requirements for recognizing and measuring provisions on corporate balance sheets. 

These provisions are usually liabilities of an uncertain timing or amount, so investors would like to see more transparent and comparable information about companies’ provisions for assessing future cash flows and financial positions. The IASB’s targeted improvements aim to help companies apply the requirements more consistently and give investors more useful information.

The proposed amendments to IAS 37 Provisions, Contingent Liabilities and Contingent Assets, would clarify how companies assess when to record provisions and how to measure them. The amendments would also require companies to offer more information about the measurement. They would probably be mostly relevant for companies that have large long-term asset decommissioning obligations or are subject to levies and similar government-imposed charges.

“Our proposals clarify the accounting requirements for provisions, helping companies provide better information for investors,” said IASB chair Andreas Barckow in a statement Tuesday. 

The IASB is presenting the proposals in three documents:

The IASB is asking for feedback on the proposed amendments by March 12, 2025.

Travel and expense solutions provider Navan announced the release of  Navan Accountant Console, a dedicated solution made specifically for accounting firms. 

The centralized dashboard handles spend management for accounting firms that support multiple clients, users and products. It can enable accounting firms to standardize client spend processes, regardless of clients’ existing bank and credit card partners. This means, for users, that they will not need to face tradeoffs between becoming resellers of others’ cards or manually reconciling transactions of any number of clients’ card providers. The solution instead consolidates multiple card feeds into a single dashboard. Combined with Navan’s travel and expense management platform, the automated experience enables accountants to advise clients on T&E spend and focus on other higher-value tasks. 

“This feature lets firms’ clients maintain their current banking relationships and credit card rewards,” said a blog post from the company. “And the firms themselves get not only an innovative expense management platform, but also an opportunity to standardize their tech stacks. Thanks to the power of Navan’s intelligent automation, the days of coding credit-card statements line by line are over.”

Beyond support for spend management, the dashboard provides a centralized view of all clients, including onboarding status, and has the ability to invite, assign and manage accountants and their access to specific clients. It also supports distinct roles for Console Admins and Console Users with appropriate permissions and the ability to log in as clients with role-specific permissions. The solution also features aggregated monthly billing for all clients, with options for customizable payment responsibilities as well as the ability to view individual client pages showing account information, assigned team and monthly platform fees

The Navan Accountant Console also enables firms to standardize spend management with dynamic spend policies, real-time transaction feeds, and direct GL integrations, including with NetSuite, QuickBooks and Xero. 

“Navan works side by side with accounting and finance teams across our customer base and has for years listened to their frustrations with the options available to them,” said Navan Expense CEO Michael Sindicich in a statement. “Most expenses come from travel, and with the breakthrough tech of Navan Connect, CPAs and accounting firms can now automate expense reconciliation across their clients’ various banking and corporate card programs using a single dashboard, saving days of work.”

Navan Accountant Console, as part of Navan Connect, is currently available in 140 countries across North America, Europe, Asia-Pacific and Latin America. The technology supports 100 different currencies and more than 250 global banks, including Citi, regional banks like Citizens, and fintechs such as Brex and Rho. For more information, click here.