Blog
Tag: Accounting
Accounts Receivables: Getting Paid
Accounts receivables are a hot topic for business owners because they are the primary driver of cash flowing into the company. Unfortunately, in the US…
Understanding New Revenue Recognition Guidelines for Nonprofits
For many nonprofit organizations, revenue recognition is one of the most challenging accounting issues they encounter. The guidelines governing the recognition and classification of revenue…
Accounting and Reporting for Stock Gift Donations to Nonprofits
Last week I shared an overview about recording non-cash gifts and the opportunity for a nonprofit organization to accurately present the types and value of…
In-Kind Donations Accounting and Reporting for Nonprofits
Most non-profit organizations rely on gifts from other businesses and the public at large to achieve their goals. These come in the form of both…
Common Small Business Bookkeeping Problems and Solutions
It’s a tough environment for small businesses in the United States, particularly new ones. The Bureau of Labor Statistics reports that almost 20% fail in their first…
Accounting is a Team Sport
Repeat after me… Accounting is a team sport.” This has been my mantra for the past 30 years and it’s as important and true now…