Accounting is a necessary component for running a financially sound nonprofit organization. Without it, a not-for-profit can find themselves in financial trouble very quickly, or worse, in trouble with the IRS. It’s imperative that their accounting department or accounting firm stay organized and up-to-date with, not only the daily business, but with the changes to[…]
Read MoreWhen first launching a small business, one key aspect of longterm success is financial stability and having a system in place for managing cash flow. Many small businesses now accept various forms of payment for products and services offered. As a small business owner, you should consider multiple payment options in order to gain more consumers[…]
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Poor bookkeeping is a very simplistic explanation as to why some seemingly good businesses take a turn for the worse. Though it’s possible, poor bookkeeping is also avoidable with financial knowledge or proper bookkeeping services. Accurate bookkeeping is essential in understanding a company’s demands along with its financial rewards. It also can provide current insight[…]
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In the world of accounting there are two classifications of CPAs – active and inactive. The difference between the two is that an inactive CPA is an individual that has passed the CPA exam, but does not represent him or herself as a CPA. Our firm recommends that you hire an active CPA over an[…]
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The latest and most popular software trending in the business world today is QuickBooks. Small business owners have acquired this software in order to manage their business more efficiently and effectively. However, many are unclear on how to install or operate the program once they have acquired it. If you are new to QuickBooks here[…]
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