The advantages and benefits of having a CFO make the professionals well-sought. However, unless you’re an enterprise-level company or in the finance sector, it’s unlikely you have a full-time chief financial officer. The cost of a full-time CFO would make any small business seek alternatives. A part-time, outsourced, or fractional CFO is the answer. Here’s […]
QuickBooks Vs Excel for Small Business
Regardless of what software or accounting tool is used, there is a unified agreement that you need something to keep track of small business finances. Depending on the breadth of your service or line of products, you could get by using Excel. However, as we’ll cover below, there’s reason to consider switching to a more […]
How To Do Bookkeeping for Nonprofits
Bookkeeping for a nonprofit takes away from fundraising, spreading awareness, and meeting with potential partners. However, bookkeeping and accounting remains crucial to a nonprofit’s success. While you’re a champion for a great cause, you and your team may be less than heroes regarding how to do bookkeeping for nonprofits. How to Do Nonprofit Bookkeeping Find […]
Accounting for Clubs and Associations
Bookkeeping and accounting for clubs and associations is different from accounting for big companies yet the need remains. Clubs and associations don’t have the immediate in-house resources so it’s best to place the books in the experienced hands of a bookkeeper. Bookkeeping and Accounting for Clubs and Associations Track all daily to weekly transactions Inform […]
Why Do I Need Bookkeeping?
Many small business owners are not confident about their finance and accounting. This leads to financial instability during slow stretches and even periods of growth. A clear understanding of cash flow and how operations affect your bottom line is essential. Signs You Need Bookkeeping Budgeting – You need help with long and short-term cash flow. […]
How to Fix QuickBooks Accounting Mistakes – Three Common Blunders
It’s advantageous to learn the best ways to use QuickBooks so your accounting team avoids common mistakes. These common QuickBooks mistakes are easy to make, can derail your internal accounting, and cost your company money. They say bad news comes in threes. Learn how to fix QuickBooks accounting mistakes and avoid terrible consequences. Avoid Mixing-Up […]