March 5, 2021 How To Compute Your Company’s Breakeven Point Your breakeven point is a helpful management tool. To calculate breakeven, you just need your company’s income statement and a … Read More
February 22, 2021 It May Be Time To Tune Up Your Nonprofit’s Accounting Function Many organizations get stuck in procedural ruts because it’s easier in the short term to continue doing things the way … Read More
February 6, 2021 Accounting For Property, Plant and Equipment Assets Businesses and not-for-profit entities capitalize machines, furniture, buildings, and other property, plant and equipment (PPE) assets on their balance sheets. … Read More
January 6, 2021 Valuing Noncash Donations: A Cheat Sheet Many not-for-profits experience a flood of last-minute donations at the end of the year. Although cash is easy to value, … Read More
December 11, 2020 How COVID-19 Could Impact Year-End Inventory Counts Many businesses are closed or are limiting third-party access as COVID-19 surges across the United States. These restrictions could still … Read More
November 26, 2020 Using Footnotes To Disclose Your Nonprofit’s financial Information Does anyone actually read footnotes? If they’re financial statement footnotes, the answer is usually “yes.” Footnotes can provide donors, governmental … Read More
November 20, 2020 How to Minimize Turnover in Your Accounting Department The demand for qualified accounting and finance personnel has grown, as business owners struggle to manage unpredictable cash flows, increased … Read More
October 26, 2020 Best Practices When Forecasting Cash Flow Cash flow is a top concern for most businesses today. Cash flow forecasts can help you predict potential shortfalls and … Read More
October 21, 2020 Avoiding Conflicts of Interest With Auditors A conflict of interest could impair your auditor’s objectivity and integrity and potentially compromise you company’s financial statements. That’s why … Read More
August 21, 2020 Financial Dashboards Can Steer Your Nonprofit Toward Financial Success Not-for-profits increasingly are adopting a corporate world tool: financial dashboards. A dashboard is a summary of an organization’s progress … Read More
August 10, 2020 Financial Reporting for Nonprofits That Have Teamed Up Not-for-profits sometimes team up with other entities to boost efficiency, save money and better serve both organizations’ constituencies. This can … Read More
July 24, 2020 Accounting for Cloud Computing Arrangements The costs to set up cloud computing services can be significant, and many companies would prefer not to immediately expense … Read More
