Accounting

In this article: When your business spends money, you likely keep a close eye on the amount and monitor your budget. But did you know that not all spending “behaves” in the same manner? This is one reason why it’s so crucial to understand the difference between fixed vs. variable costs in order to have […]

In this article: Trust. For nonprofit organizations, that one word is critical to the way they operate. If the public does not trust the organization, then how will they ever support its mission…and how will the group ever solicit donations to further its purpose? That’s why accounting for nonprofit organizations follows stringent regulations. They must […]

In this article: Financial planning is the critical element that guides you toward business success. But budgeting for a business can be overwhelming. It’s difficult to maneuver through the minute details that can make a major difference in the course of your company. In fact, there are three common errors we see owners frequently make […]

In this article: When was the last time you had a good, detailed snapshot into the health of your company? By examining key financial ratios, you get a solid overall picture of your company’s financial health, performance and operational strength. These numbers are vital for any financial statement analysis. In this article, we’ll take a […]

Key Takeaways: The core of account reconciliation is comparing transactions and balances from your general ledger to outside sources such as bank statements, credit card statements, and vendor statements. Account reconciliation is vital to provide an accurate picture of your financial health and protect you from fraud. Reconciliation is also crucial for accurate tax information […]