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 [...]
8 Best Practices for Nonprofit Bookkeeping
At its core, a nonprofit organization is still a business. These businesses must follow a unique set of rules and guidelines. Instead of prioritizing sales, [...]
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 [...]
9 Bookkeeping Tasks You Must Do on a Weekly Basis
As a small business owner, there are dozens of tasks that you’re responsible for daily. With so much on your plate, it might be tempting [...]
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 [...]
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 [...]
