In-kind contributions can be an important source of non-profit revenue, particularly if the item or service is central to the organization’s mission. Often, in-kind gifts can help your non-profit ...
As a small business owner, handling bookkeeping can be overwhelming. While hiring a virtual bookkeeper is ideal, sometimes we find potential clients are not financially ready to outsource ...
If you pay your employees every other week but your income is recognized monthly, your revenue will not be matched to the expenses that helped earn it. On your income statement (P&L), expenses ...
Whether you operate a small business or a large enterprise, you will have to account for payroll. Properly posting and reporting payroll is a recurring task. If you follow best practices, you will ...
Running a successful business involves managing costs effectively. Two essential strategies come into play: Cost Avoidance and Cost Effectiveness. Let’s explore what they mean and how they impact ...
A Financial Dashboard should represent a one-page graphical snapshot of Key Performance Indicators:
Are you an attorney who does work in exchange for IT services? Maybe you are a physical therapist who exchanges services with someone who does your social media. These are great examples of ...
If you receive a K-1 for an investment owned by your small business, use these simple instructions when filing your taxes. Filing your K-1 will adjust your Investment Account (Long-Term Asset) in ...
In the fast-paced world of business, having efficient operations and well-defined processes is the key to sustainable growth. Without these, it can be challenging to scale your business successfully. ...
One of the key benefits of working with a bookkeeping professional is the opportunity to conduct a Monthly Financial Review after the month-end close. These meetings provide valuable insights into ...
