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

What All Nonprofits Have in Common

Nonprofits are formed with great intentions and grand missions. No two organizations are exactly same. Whether your organization helps the poor, cares for the sick or feeds the hungry, nonprofits all share the same basic need: accurate accounting and bookkeeping. It’s more vital than if you were starting your own for-profit business. It’s absolutely critical [...]

Safeguard Your Nonprofit

With all of the goodwill and good works that nonprofit organizations accomplish, it’s hard to think of them in association with fraud. Unfortunately, not only are nonprofits not immune to fraud, but they are actually more likely to become victims. The key is to be aware that it can happen within your organization and without [...]

Throw Parties to Save Money

As a small business owner, throwing parties for your employees may not be your top priority, even though it could be great for morale. However there are tax benefits to celebrating the hard work your employees contribute. You probably already know the general tax rule that 50% of business meals/entertainment is deductible–with the other 50% [...]

Nonprofit Reporting

Nonprofits not only need to have good financial management, but have detailed, accurate reporting with which to make decisions. There are some standard reports which need to be produced on a regular basis. It’s best to have an experienced nonprofit accounting professional compile these reports to ensure accuracy. Here are some of the reports that [...]

Taking Care of Business

Small business owners have a lot on their plates and usually little time to accomplish everything. One of the most important ways to take care of your business is with accurate accounting. You have two routes you can take with this one: do it yourself or hire someone to handle it. There’s a big difference [...]

Managing Your Paper Trail

The amount of paper that flows in and out of your business can be overwhelming. It’s important to get a handle on it as soon as possible to keep your business running along smoothly and efficiently. One of the best ways to manage paper is to go paperless. If you are still printing and mailing [...]