February 6, 2020 Accounting For Indirect Job Costs The Right Way Construction contractors, professional service firms, specialty manufacturers and other companies that work on large projects often struggle with job costing. … Read More
December 21, 2019 FAQs About Prepaid Expenses The concept of “matching” is one of the basic principles of accrual-basis accounting. It requires companies to match expenses (efforts) … Read More
November 21, 2019 How To Protect Your Nonprofit’s Credit Cards From Misuse If your nonprofit issues work credit cards to employees, make sure you have a policy that explicitly states how they … Read More
November 21, 2019 Close-up On Pushdown Accounting For M&As It’s only natural to overlook accounting rule changes until they affect your company’s financial statements. So, you might not be … Read More
November 19, 2019 Accounting For Contributions And Grants Is Now Easier As a result of recent accounting guidance, your nonprofit may treat grants and similar contracts as contributions more often than … Read More
November 14, 2019 GAAP vs. Tax-Basis: Which Is Right For Your Business? U.S. Generally Accepted Accounting Principles have become more complex in recent years. And more GAAP changes are in the works. … Read More
October 16, 2019 Nonprofits: New Alternatives For Reporting Goodwill & Other Intangibles Did you know that the Financial Accounting Standards Board (FASB) recently extended the simplified private-company accounting alternatives to not-for-profit organizations? … Read More
October 8, 2019 Increasing Restaurant Profit Margins With Streamlined Outsourced Accounting You know your restaurant must carefully manage expenses because of thin profit margins. All restaurants have this in common. However, … Read More
October 7, 2019 Avoid Excess Benefit Transactions And Keep Your Exempt Status Nonprofit board members who personally profit from decisions they’ve made or influenced risk the exempt status of their organizations. Learn … Read More
September 26, 2019 Restaurant Accounting and Bookkeeping: How It’s Different From Other Industries The restaurant business is full of unique challenges and rewards. It’s an especially competitive industry—there’s no doubt about that! But, … Read More
September 6, 2019 A Policy Can Help Nonprofits Look “Gift Horses” In The Mouth Yes, you should look “gift horses” in the mouth when they’re gifts to your nonprofit. If you need to decline … Read More
August 29, 2019 It’s about time: Don’t Waste That Of Your Board Members The key to keeping nonprofit board meetings short and productive is good planning. And good planning starts with a well-crafted … Read More
