Bookkeeping & Accounting | Outsourced Services | Small Business | Nonprofit | Foster Results, LLC

Home Business Financial Considerations

Working from home for your own business is a dream that many people share – drinking coffee and sitting at the computer in pajamas in the quiet comfort of home. The arrangement is very convenient and the cost savings is significant.  However, there are some financial considerations that people may overlook when they plan a [...]

Financial Reporting to Nonprofits’ Boards of Directors

Nonprofit Boards are charged with the governance of the organization, making sure that it abides by ethical and legal standards in making its vision a reality. The board must safeguard against misuse of funds and ensure resources are being used effectively. This is no easy task, so it’s important to have timely and accurate financial [...]

Does Your Business Stand a Chance of Succeeding?

I’m sure you have seen them — dozens of empty storefronts in strip malls that were once occupied by small businesses. As I drive by, I often wonder what happened. Was the rent too high? Poor management? No demand for the business’s products or services? Or was the business doomed from the start by not [...]

Senior / Personal Finance Articles, Part 4 – July 2011

As a service for our personal and Elder Care Care clients, we offer these timely and thoughtful articles to help protect your financial future: (links open in new windows) 10 Scary Financial Scams that Target the Elderly http://www.accountingdegree.com/blog/2011/10-scary-financial-scams-that-target-the-elderly/ Elder Law and Your Parent’s Finances http://eldercareabcblog.com/elder-law-and-your-parent%E2%80%99s-finances/ 8 Essential Tips for Good Personal Tax Planning & Accounting [...]

Budgeting Nonprofit Income

In theory, a budget should be relatively simple to produce. Most expenses are known in advance and income can be forecasted from previous years. However, nonprofits are faced with the challenge of making a lot of assumptions or just plain guesses when it comes to projecting contributed income. Not all grants and contributions needed for [...]