Bookkeeping

Yes, switching from other accounting apps or products to Wave is easy! See our step-by-step guide here on how to switch to Wave from Quickbooks. We provide different levels of support, depending on the plan and/or the add-on features you […]

Retained earnings appear in the balance sheet as a component of stockholders equity. Cash dividends represent a cash outflow and are recorded as reductions in the cash account. These reduce the size of a company’s balance sheet and asset value […]

Broadly defined, cash includes both cash and cash equivalents, such as short-term investments in Treasury bills, commercial paper, and money market funds. Another purpose of this statement is to report on the entity’s investing and financing activities for the period. […]

A corporation may also file an amended return using its proposed business Medical Billing Process apportionment factor if the commissioner did not respond to its request before the time of its original report. If the corporation has received the approval […]

Think of it as a roadmap that helps your team manage financial resources effectively, ensuring you have the funds to support your programs and initiatives. In this guide, you’ll walk through the essentials of budgeting for nonprofits, covering different budgeting […]

Strengthen your nonprofit’s financial management framework and support your mission’s success. Schedule a FastFund demo today to see how we can help your organization thrive. A nonprofit budget is not just a financial document; it is a key tool for strategic […]

AccuFund is an excellent resource for nonprofits looking for a https://nyweekly.com/business/accounting-services-for-nonprofits-benefits-and-how-to-choose-the-right-provider/ reliable financial management tool. As your nonprofit grows and steps out into more complicated financial projects, AccuFund lets you purchase tools that fit your organization’s needs. Fund accounts make […]

Nonprofit fund accounting differs from for-profit accounting because it ensures accountability to the donors’ wants and tracks how these funds are allocated. We find that small to mid-sized nonprofits benefit most from investing in the Plus or Advanced plans of […]

For an internal review, your organization’s own management or finance team evaluates your financial practices and strategy. While helpful for routine oversight, internal reviews lack the objectivity and professional validation of an external audit. The cost of an independent audit […]

Aligning accounting practices with the organization’s structure, whether it operates on an accrual or cash basis, is also essential. An independent audit may be among the nonprofit audit requirements for those enterprises receiving federal funding. Congress to assure compliance with […]