Understanding Nonprofit Audits: A Beginners Guide
Audits are an independent assessment of your financial records and position. Under the ONCA, there is more flexibility for small nonprofits to waive the requirement for independent financial reports. Public benefit corporations that receive less than $500,000 a year can have a financial review engagement instead of an audit. Their labor costs for the entire […]
Debits and Credits: In-Depth Explanation with Examples
You might think of D – E – A – L when recalling the accounts that are increased with a debit. After a few days of receiving the invoice for the rent, i.e., on April 7th, 2019, Mr. X makes the same payment. Desiree runs a tutoring business and is opening a new location. She […]
Mission, Vision & Values
A former law firm administrator and legal assistant, Annette spent 11 years with the Century City firm Greenberg, Glusker, Fields and Mactinger before earning her MBA at UCLA’s Anderson School. Annette is a profit law statement certified QuickBooks ProAdvisor and a Clio Certified Consultant. It matters because it shows investors, analysts, and business owners whether a […]
Bookkeeping for a Non-Profit: What You Need to Know
The selected program should be able to automate everyday tasks and minimize errors. FreshBooks accounting software accomplishes all of these tasks with ease and is an excellent choice depending on your needs. You should also hire a financial officer or a treasurer who knows how to do bookkeeping for a nonprofit and is familiar with […]
Non-profits Accounting #1 CPAs for NPOs, Churches FL
Whether you require basic bookkeeping for nonprofit organizations or comprehensive accounting support, our expert team ensures accuracy, efficiency, and exceptional value, helping you manage your finances with confidence and ease. Hiring a professional bookkeeper is beyond important for maintaining accurate financial records and freeing up your time to focus on other aspects of your business. […]