The Ultimate Guide to Nonprofit Accounting
Most people don’t start nonprofit organizations to record bookkeeping transactions and stare at financial reports. But accurate bookkeeping is necessary if you want your nonprofit [...]
Best Accounting Software for Nonprofits
As your nonprofit grows, you need to ensure that your bookkeeping department can scale with it. That’s why it’s so crucial for you use technology [...]
DCAA Accounting Compliance for Small Businesses
As a small business owner or contractor, you must set up a DCAA-compliant accounting system to compete for government contracts. What is DCAA? The acronym [...]
8 Trends That Are Changing the Accounting Industry
Like most industries, the world of accounting has been evolving before our eyes. Most of these changes have been driven by advancements in technology. Decades [...]
When to Conduct an Internal Audit for Your Small Business
Most small businesses seem to have a negative association with the term “audit.” They automatically think that having an audit means that the IRS is [...]
When Should Your Startup Hire a CFO?
In the early stages of a small business, it’s common for the owner to handle the company’s bookkeeping. Even if they’re not fully trained, it [...]
What is Double-Entry Bookkeeping?
As a small business owner, I’m sure you’ve heard the term “double-entry bookkeeping” at one time or another. But since you’ve landed on this page, [...]
What Does a Bookkeeper Do for Small Businesses?
Bookkeeping is the process of organizing and recording all financial transactions related to a business. A bookkeeper is responsible for these duties. As a small [...]
What Are the Principles of Bookkeeping?
There are ten rules that govern the accounting profession. These guidelines are known as the generally accepted accounting principles—often referred to as “GAAP” for short. [...]
The Importance of Accounting Processes for Small Business
The accounting process is comprised of summarizing, analyzing, and reporting financial transactions. It includes the eight-step process for bookkeeping tasks in a small business. Establishing [...]
