Fundamental differences between nonprofit and for-profit accounting
You may know the difference between nonprofit and for-profit accounting [...]
How to report contingent liabilities in your company’s financial statements
It’s critical for business owners and managers to understand how [...]
Restricted gifts: What to do when strings are attached
Brad, the development director of an international environmental charity, was [...]
5 reasons to outsource your bookkeeping
Running a closely held business is challenging. Owners usually prioritize [...]
Welcome charitable pledges — and account for them properly
The difference between financial pledges and donations is relatively simple: [...]
How do external auditors evaluate audit risks?
As calendar-year entities wrap up financial reporting for the year, [...]
The nanny tax: What household employers need to know
Hiring household help, whether you employ a nanny, housekeeper or [...]
The evolution of financial reporting
In recent years, the accounting rules have undergone significant changes, [...]