Why Worry About Accounting?
Understanding how your business functions financially is often one of the most overlooked, yet important functions of being in business. However, with all tasks of getting a business up and running and making sure it continues to thrive, it’s easy to let bookkeeping slide. This is a huge mistake which could ultimately cause the demise [...]
Outsourcing Bookkeeping from Coast to Coast
You’re probably well aware that outsourcing bookkeeping has become a phenomenon for small businesses and nonprofits. With the significant cost reduction, expertise and freeing up of valuable time, it’s hard to ignore the benefits. When you are looking for a firm to outsource your accounting with, it may seem like a good idea to find [...]
Bookkeepers vs. Accountants for Nonprofits
Nonprofit finance and accounting, in many ways, is much more difficult than for-profit accounting. Accounting for items such as grants, restricted funds, and in-kind donations all add complexity. To add to the issue, over 90% of the 1.1 million nonprofits in America, have less than 10 staff. As a result, most nonprofits do not have [...]
Don’t Pay Until You Have the W-9
January 31st has come and gone, but if you are still stressed from compiling 1099s, it’s time for a change. Maybe you didn’t collect Form W-9 from everyone and had to spend a lot of time and effort hunting people down after the fact. Form W-9 may seem like a formality since you don’t actually [...]
Seeking Payroll Admnistrator
Seeking Payroll Accountant Looking For Better Balance! We are currently hiring for a payroll accountant who is seeking a better work-life balance. Do you work longer hours than you’d like? Do you want more time with to honor personal commitments, such as family and friends? Do you seek a more family focused work environment? At [...]
Accounting Issues for Performing Arts
Performing arts organizations such as theatrical groups, dance groups and symphonies have some unique issues when it comes to accounting. Most groups mainly rely on ticket sales as their primary source of revenue, but are also dependent on public contributions. The timing of expense recognition is a basic issue for these organizations as most productions [...]
How to Find a Good Accountant
The services of a good accountant can be invaluable to your small business. They will help you navigate the maze of tax laws and provide the financial advice you need to manage and grow your business. However, sometimes the best accountant will actually be two different people or firms. Your business will have daily accounting [...]
Preparing Nonprofits for an Audit
Nonprofits perform internal audits to test the accuracy and completeness of the information presented in their financial statements. An audit is a good tool to show your organization’s commitment to financial integrity. Preparation for an audit can be a very time consuming process for the accounting staff of nonprofit organizations. The most important thing you [...]
What is Your Business Worth?
You’ve worked hard to grow your business and are probably wondering exactly how much it is worth. You may not want to sell it, but you’d like to know what the value is after all your time and efforts. After all, if you can’t sell your business, it’s not a business and has no value. [...]
Nonprofit Mergers and Acquisitions
With the current economic conditions, many struggling nonprofits have begun to look at merging with or acquiring another organization as a means to stay afloat. Financial troubles in a nonprofit may make leaders consider mergers and acquisitions (M&A) as a reactive solution to their problems. M&A can be a way to make an organization appear [...]
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