Should Your Nonprofit Consider Using Fund Accounting?

Depending on the nature of your not-for-profit organization, there's more than one accounting method to follow. One option is fund accounting, which promotes transparency and can help nonprofits fulfill donor commitments. Fund accounting involves segregating Read More


Kirsch CPA Group

Nov 25, 2024

Don’t Let Profit Fade Impact Your Construction Firm’s Annual Results

A gradual decline in expected gross profits over the course of a project is known as "profit fade." It not only undermines the financial performance of construction companies, but also may raise red flags with Read More


Kirsch CPA Group

Oct 14, 2024

How a Budget Can Contribute to Your Success

One reason many people disdain the budgeting process is that they associate budgets with restraint — that is, not spending money for something because it's not in the budget. However, if you're calling the shots, Read More


Kirsch CPA Group

Sep 30, 2024

How To Choose the Best Inventory Accounting Method for Your Manufacturing Company

Your choice of accounting method for determining the value of your manufacturing company's inventory can significantly impact your overall tax bill. Here are answers to some key questions regarding the tax and financial implications of Read More


Kirsch CPA Group

Aug 26, 2024

Avoiding the Mistakes Manufacturing Growth Can Hide

Running a successful manufacturing business requires so many things to go right, from navigating hiring shortages and global supply chain logistics to market forecasting and the challenges of digital transformation. When your business is growing, Read More


Nick Roell

Aug 21, 2024

Cash Flow Management for Construction Businesses

Construction companies have always faced challenges when it comes to cash flow. The difficulty largely springs from the often-lengthy gaps between winning projects, doing the work and receiving payments. As a result, it's critical for Read More


Kirsch CPA Group

Aug 07, 2024

How to Protect Your Business from Payroll Fraud Schemes

Payroll fraud is a threat to any business that pays employees or contractors. Unfortunately, this type of financial crime can go undetected for months — even years — and inflict significant losses.   Findings from Read More


Kirsch CPA Group

Aug 06, 2024

Forecasting Your Nonprofit’s Financial Future

Have you seen the forecast? No, not the weather forecast — but your not-for-profit's financial forecast. Financial forecasting is critical to any organization's good health, but it can be more difficult for nonprofits than for Read More


Kirsch CPA Group

Aug 05, 2024

Get a Handle on Working Capital

Working capital management is a top priority for businesses today. Consulting firm The Hackett Group's 2023 Working Capital Survey reports that many companies are carrying high amounts of working capital on their balance sheets — Read More


Kirsch CPA Group

Jun 24, 2024

Valuing Donations of Private Business Stock

Some business owners may be considering donating corporate stock to charities in 2024. Donations of public stocks are generally easy to value because their prices are listed on public stock exchanges. But valuations of private Read More


Kirsch CPA Group

Jun 17, 2024