Bookkeeping

To earn these or other cash flow certifications, you may need to sit for and pass additional exams, such as the CFA Exam (known as the CFA Program). In Accounting ready to sit for the CPA Exam, utilize state-of-the-art accounting and financial industry software and technology, and pursue careers with employers like the FBI and […]

Effective collaboration with other departments and business units is critical to the successful coordination of functions, ensuring efficient utilization of cash. Cash management keeps things running day-to-day, while treasury management is about making sure you’re ready for what’s ahead. An OFAC check is a screening process used by financial institutions, businesses, and government agencies to

This not only helps create a more accurate and comprehensive budget but also ensures buy-in across the board. The approved budget then serves as a guide for financial activity in the months ahead. Budgets should not be written in stone, because the financial position of the nonprofit may change during the year. Improve your financial

For instance, technology like Clio Manage offers resources for legal billing and trust accounting management, enabling law firms to make informed decisions based on their financial data. Interest on Lawyer Trust Accounts, also known as IOLTA accounts, are bank accounts used to hold client retainers, settlement funds, and other money that belongs to clients. Bookkeepers

Whether you’re establishing basic systems or looking to enhance sophisticated financial operations, we’re here to help. Mostly, I’ve seen incorrect financial information being used to run an organization. And by incorrect, I mean income or expenses are showing too high or too low or allocations have been made to the wrong department/campaign or a restricted

Purchases need to be orderly because of the strict rules on what you can spend your money on in a not-for-profit organization. By getting these systems in place, your nonprofit will be ready to accept, manage, and distribute funds to where they need to go the most. The IRS provides this handy questionnaire to help

Companies need robust accounting procedures to ensure that prepaid rent is recorded accurately and accounted for. On the 10th of March, Unreal Corporation received rent 20,000 via a cheque from tenant ABC for one of its property on rent. a company paying rent in advance for the month of april records: Show related journal entries