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Adam Riches

Adam Riches

CEO/Founder
Adam Riches is the CEO and Founder of Netgain. Prior to NetGain, Adam was part of the Strategic Initiatives team and the Finance Center of Excellence at NetSuite, providing roadmap guidance, thought leadership around finance and accounting, and NetSuite implementation best practices. Adam’s impact included the development of key features of NetSuite’s SuiteSuccess methodology and product. Prior to joining NetSuite, he was the controller for multiple publicly traded mining companies in the Denver area. His expertise includes international accounting operations, financial reporting, internal controls, finance transformations, and NetSuite.
An Open Letter to the AICPA from Adam Riches

An open letter to the AICPA: Reevaluating the 150-hour CPA mandate

An open letter to the AICPA addressing the 150-hour CPA mandate from Adam Riches, Netgain CEO and Founder and its significant barrier to entry to accounting.

Adam Riches
•
Oct 25, 2024
three accountants gathered around a laptop looking excited about their work

How automating the month-end close process can transform your accounting team

This blog post explores how automating the monthly close process can transform your accounting team, boosting efficiency, accuracy, and morale.

Adam Riches
•
Aug 14, 2024
accountant working on computer with a focused expression

Modern accounting: How accounting technology is changing the industry

Adopting modern software can transform the role of accountants. Let’s dive into how technology is leading the evolution of the accounting industry.

Adam Riches
•
May 22, 2024
photo of a double-entry accounting ledger

The history of accounting technology: From clay counters to cloud software

Trace the history of accounting tools from the birth of the practice to the technological innovations of the present.

Adam Riches
•
May 15, 2024
two people in a work meeting

3 reasons 2024 is a good time to be an accountant

Discover why 2024 is a prime time to excel in the accounting industry. Read the benefits and opportunities for accountants today and in the future.

Adam Riches
•
Apr 25, 2024
Illustration of "two-bucket philosophy" showing two labeled buckets. Bucket 1 is linked by dashed lines to "SEC Filers", and bucket 2 to "small public," "not-for-profit," and "private".

FASB Proposes Lease Accounting Delay

The FASB issued an ASU to delay the effective date for ASC 842 lease accounting. Here are 4 things you need to know about the lease accounting delay.

Adam Riches
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Aug 27, 2019
NetGain receives 'Built For NetSuite' certification.

NetLease Becomes The Only 'Built For NetSuite' Certified Lease Accounting Solution On The Market

With the new Lease Accounting Standards IFRS 16 and ASC 842 quickly approaching, customers can use NetLease, a certified app in NetSuite.

Adam Riches
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Dec 3, 2018
A quiz titled "How many leases do i have? A light-hearted Excel vs. software solution questionnaire" with multiple-choice questions helping users decide between using excel or specialized software for lease management.

Do I Really Need Lease Accounting Software for ASC 842?

A technology solution can help centralize all leases onto a single platform, perform calculations, assist with lease administration, and provide reporting.

Adam Riches
•
Sep 24, 2019
Digital network overlay of finance and business icons with "IFRS" in the center, set against a blurred modern office background illuminated by sunlight.

IFRS 16: A Comprehensive Overview Of Lease Accounting Standards

If your business leases anything and are subject to International Financial Reporting Standards (IFRS) then lease accounting is likely top of mind.

Adam Riches
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Dec 12, 2019
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Comparing 4 Types of Lease Accounting Software

Here we’ll lay out the primary differences in the types of software available so you can better navigate the current lease accounting software landscape.

Adam Riches
•
Oct 24, 2019
Two people in formal attire sit at a desk, one handing a pen to the other to sign a document. A smartphone and car keys are visible on the table.

GASB 87: Revolutionizing Lease Accounting For Governmental Organizations

GASB 87 transforms lease accounting for government entities by requiring the balance sheet to reflect all lease obligations. Learn the key components.

Adam Riches
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Feb 4, 2020
A person wearing points to a laptop screen while typing, indicating a detail on the display in a work environment.

An Overview of ASC 842

ASC 842 is a hot topic for most US companies today, especially if you hang around the accounting department. Get up to speed on everything you need to know.

Adam Riches
•
Feb 12, 2020
Close-up of hands typing on a laptop keyboard, focusing on the fingers and keys with a blurred background.

Is Software a Lease Under ASC 842 & IFRS 16?

Is the right to use intangible assets like licensing agreements for software considered a lease? Depends on the leasing standard. Learn more.

Adam Riches
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Jan 14, 2020
A tan dog with a black collar raises one paw while sitting against a white wall, looking upwards with a focused expression.

11 Must-Ask Questions for Lease Accounting Vendors

Ask these 11 key questions of lease accounting vendors when searching for your software solution for the new standards for ASC 842, IFRS 16 and GASB 87.

Adam Riches
•
Feb 6, 2020
A person working on a laptop with one hand visible, wearing a watch with a brown leather strap on a wooden table.

Will COVID-19 Cause Additional Delays to ASC 842?

We’ll lay out the history of the initial delay for ASC 842 and the reasons why, plus our take on the impact of COVID-19 to ASC 842.

Adam Riches
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Mar 24, 2020
Three image collage displaying people in home office settings: one relaxing on a couch with a dog, another working at a standing desk, and a person focused on their laptop.

WFH Tips From Netgain

We decided to interview some of our full-time work from home employees for some tips & tricks on how to WFH most effectively.

Adam Riches
•
Apr 2, 2020
Two individuals seated at a table reviewing documents. One person is signing a paper while the other holds another document, focusing on another task.

What New Disclosures are Required Under ASC 842, IFRS 16 & GASB 87?

Under ASC 842, IFRS 16, and GASB 87 disclosures are more complex. Here are required disclosures under the new lease accounting standards.

Adam Riches
•
Mar 31, 2020
Close-up of hands holding a magnifying glass and a pencil over a document, suggesting detailed examination or study.

FAQ Series: How Should I Approach ASC 842, IFRS 16 & GASB 87 with my Auditors?

Here are four things you should review with your auditors right away regarding ASC 842, IFRS 16, and GASB 87 lease accounting.

Adam Riches
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Mar 26, 2020
A focused young man wearing headphones at a laptop in a modern cafe, adjusting his headphones with one hand while looking at his screen, with a smartphone and notebook visible on the table.

Webinar Series: ASC 842, IFRS 16 & GASB 87 Overview

We decided to host a series of three webinars digging into each of the new lease accounting standards: ASC 842, IFRS 16, and GASB 87.

Adam Riches
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Apr 1, 2020
A modern laptop and a vintage typewriter are placed side by side on a light wooden table, highlighting a contrast between contemporary and old-fashioned tools.

FAQ Series: What's The Difference Between Lease Accounting & Lease Management Software?

Leasing software typically falls in one of two categories: lease accounting or lease management. Here's the difference between the two.

Adam Riches
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Apr 9, 2020
A webinar slide displaying today's topics including "lease accounting evolution," "accounting under asc 842," "transitioning to asc 842," "automating asc 842," and a q&a session.

VIDEO: Understanding ASC 842

The history of lease accounting, accounting under ASC 842, tips & tricks for transitioning to the new standard, and how to automate ASC 842 using software.

Adam Riches
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Apr 22, 2020
An infographic depicting the IFRS 16 adoption approach in six steps: 1. define IFRS, 2. develop operational and technology strategy, 3. business process design, 4. configuration and lease abstraction, 5. testing and validation, 6. deployment and adoption

VIDEO: An Overview of IFRS 16

Learn the history of lease accounting, accounting under IFRS 16, transitioning to the new standard, and how to automate IFRS 16 using software.

Adam Riches
•
Apr 23, 2020
A double-arrow traffic sign on a desert road indicating directions to the left and right, with a clear blue sky and mountain range in the background.

How do I know if I need to comply with ASC 842?

How do you know if your company needs to update its procedures to comply with these standards before January 1, 2022?  (ASC 842, IFRS 16, or GASB 87)

Adam Riches
•
Nov 2, 2021
A timeline illustrating the evolution of lease accounting from 1982 to 2019, highlighting major changes like the introduction of FASB and IASB standards and the shift of most leases onto the balance sheet.

VIDEO: An Overview of AASB 16

Learn the history of lease accounting, dive into accounting under AASB 16, learn tips & tricks for transitioning to the new standard, and software options.

Adam Riches
•
Apr 28, 2020
Show thumbnail preview A smiling man with glasses, a beard, and short hair is wearing a white t-shirt underneath a light grey blazer. He is looking directly at the camera and standing against a plain white background. The image is cropped into a circular shape.

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