How to Identify & Establish Your Bookkeeping KPIs
How well is your business doing? I assume you use figures like sales, transactions, or revenue to answer this question. Otherwise, you wouldn’t know [...]
7 Steps to Set Up Internal Bookkeeping Controls That Are Scalable
Establishing internal controls in your accounting department is one of the most important aspects of running a business. What exactly are internal controls? Essentially, these [...]
Understanding Business Cash Flow
Frequently Asked Bookkeeping Questions: I’ve asked my bookkeeper to help me manage my cash flow but she says she can’t. Why not? A bookkeeper manages [...]
Bookkeeping for Employees vs. Independent Contractors
There are a variety of bookkeeping differences when dealing with employees or independent contractors. Laura Glennon, founder of Navitance, discusses the different things companies must [...]
W-9 Forms and Collecting Them From Vendors
A W-9 is often needed from a vendor that your company does business with. Laura Glennon, founder of Navitance, discusses when to obtain a W-9, [...]
Effective Invoicing and How it Impacts Your Startup
Launching a startup company is exciting. As an owner, you have so many responsibilities and tasks to manage on a daily basis. Sometimes invoicing your [...]
Ratio Review: Applying Financial Ratios for Meaningful Insight
Financial Ratios Financial ratios provide a succinct set of data relationships that can be applied to for-profit and nonprofit organizations to reveal red flags, fraud [...]
NPV and IRR: A Refresher Course
Everyone Needs a Financial Refresher – NPV & IRR Admit it. In the face of more tactical accounting issues, you’ve found yourself out of practice [...]
How to Read a Pro Forma Balance Sheet
As an important shareholder of a Boston MA business or organization, you will be presented with a pro forma balance sheet several times. Knowing the [...]
Forming Nonprofits and the Importance of Nonprofit Bookkeeping Services
If you’re considering forming a non-profit, the key is in the planning stages and following the right steps that, historically, have proven successful. For example, [...]
