Posts Tagged ‘Accounting’
Statement of Activities – One Column At a Time
It is our tendency to immediately look at the total column on a report, but that can leave you asking many more questions, rather than understanding where you’ve been this year so far.
Read MoreChronic Cash Flow Problems
But these situations are usually clear to see, easy to prepare for, and usually short-lived. When an organization has chronic cash flow problems, the root may be the lack of proper planning and monitoring.
Read MoreIn Search for Balance & Purpose, Part II
So your books are balanced. In fact, you have supported the major balances in your balance sheet and have traced the activity in your statement of revenues and expenses. The reports are ready to be published. Now what? What is the purpose of these historical reports? In my first article, I presented my opinion on…
Read MoreIn Search for Balance & Purpose, Part I
We are constantly looking for balance in our lives. Balancing work and family is a popular concern, as is balancing our investments or even balancing our diets. Can anyone ever claim to have successfully achieved balance in these areas of their lives? Once we achieve it, can we maintain it? And then, how do we…
Read MoreBoard Responsibilities and Liabilities
I recently attended the BoardSource Leadership Forum called Governance by Design as an exhibitor. The classes were created to provide information to CEOs and Board members. I attended with two objectives in mind: My objective as an exhibitor was to meet potential clients. My objective as the treasurer for a non-profit organization was to learn…
Read MoreBill.com- More Pros & Cons of Part 2 – Specifics
Bill.com is a cloud-based accounting application our firm has been using for several years. In Part 1, I covered some general pros and cons of bill.com. This blog post will delve into some of the specifics, especially with regards to the accounts payable (AP) and accounts receivable (AR) functionality of Bill.com. Like the first, keep…
Read MoreBill.com Pros & Cons – Part 1 – General Overview
What is Bill.com? – Bill.com is a cloud-based financial solution that helps manage your payables (APs) and receivables (ARs). Our firm has been using it for the past few years and has consistently found it to be an asset to our clients. Read on for an insider’s list of pros and cons (with a few…
Read MoreInterpreting Results of Operations for Non-Profit Entities
For obvious reasons, executives and board members of non-profit organizations prefer to see that revenues exceed expenses. This difference would normally be described as net income, but for non-profits, it’s referred to as the change in net assets. Since non-profit organizations have a special type of revenue recognition, this bottom line on the financials can…
Read MoreBecoming a Digital CPA Firm – Challenges to Clients
This blog was originally published on the AICPA’s subsidiary, CPA.com website. Maribel is a member of the Advisory Board for CPA.com and the AICPA Digital CPA Conference. As an advisory board member, Maribel helps empower CPAs and businesses for the digital age. Becoming a digital CPA firm is an immediate benefit to clients; that’s a no-brainer. …
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