Avoid Mixing Personal and Business Accounts
Small business owners and independent contractors are always looking for ways to save time. If you run your own business (or want to start one), it might seem tempting to have a combined business and Read More
Feb 07, 2025
How to Upgrade Your Board’s Financial Skills
Accurate, relevant and timely financial information is key to making good decisions for not-for-profit executives and board members. But do all of your board members really understand the numbers they receive and what they mean Read More
Feb 03, 2025
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
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
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
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
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
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
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
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
Aug 05, 2024