Commit to continually improve your nonprofit’s accounting processes
Accounting inefficiencies and errors can cost your nonprofit time and money. Here’s how to root out and repair less-than-perfect processes.
News & Insights
What’s in the Fiscal Responsibility Act?
With a financial crisis averted, let’s take a look at the highlights of the Fiscal Responsibility Act.
How to leverage AI in your accounting department
Who performed better on a recent accounting exam administered by Brigham Young University: ChatGPT or undergraduate students? While AI software can’t yet replace humans for complex accounting tasks, here’s how you could put it to the test at your organization.
Misleading Employee Retention Scams
IRS alerts businesses, tax-exempt groups of warning signs for misleading Employee Retention scams; simple steps can avoid improperly filing claims
FASB votes to exempt private companies from disaggregation of income statement project
As costs rise, investors and lenders are eyeing profits closely. Here’s the latest development on the FASB’s project to up the ante on expense disclosures.
5 tips for avoiding profit fade
Experienced contractors know the pain of seeing a potentially lucrative job incur costly losses. Here’s how to fight back against profit fade.
How to train your nonprofit’s employees to combat hackers
If you want to reduce the likelihood of a successful hacking attack on your nonprofit, focus on employee training.
Achieving the right balance of working capital
Do you know the three keys to lowering your company’s working capital requirements?
How to use QuickBooks as a fraud detection tool
Many organizations use QuickBooks for everyday accounting tasks. But did you know that this software can also function as a fraud detection tool?
How construction business owners can prepare for an IRS audit
No one likes the prospect of an IRS audit, and this certainly includes construction business owners. But there are ways to always be ready and to ease the pressure if it does happen.
Keeping in compliance with Uniform Guidance
Government grants usually come with certain obligations. Here’s what you need to know to help ensure your nonprofit complies with Uniform Guidance rules for recipients of federal funds.
Reporting non-GAAP measures
Warning: Non-GAAP metrics can sometimes mislead investors! That’s why some stakeholders want a formal definition of EBITDA to be added to the accounting rules.