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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 ...
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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 ...
Catching up on QuickBooks is like solving a puzzle: Each transaction is like a puzzle piece that needs to be placed in the correct account. Just as you would take your time to ensure that each puzzle ...
Clean bookkeeping is essential for any business, but it is especially important for technology and biotech firms that receive funding from investors and grants. These firms have unique accounting ...
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QuickBooks is like a superhero that can manage your business finances, but even superheroes have their kryptonite. In this blog post, we’ll explore three areas that can present challenges for ...
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It can be confusing for small business owners to determine what professional service is needed. Typically, more than one service is necessary. Below are the differences in professional services ...
If you pay employees biweekly but recognize income monthly, your revenue won’t align with the expenses that helped generate it. This causes your income statement (P&L) to understate expenses in ...
