The Beginners Guide to Nonprofit Auditing Free Checklist + FAQs
In a review, a CPA will examine your organization’s financial records, but not as thoroughly as a normal audit. They will then determine whether there are any modifications that should be made to your financial statements in order for them to conform with GAAP. The CPA will not share...
Read moreThe Complete Guide to Outsourced Accounting
After hiring and initial onboarding, the critical next phase is integrating offshore and onshore teams. Err on the side of over-communicating so that everyone understands work expectations, company policies, team protocols, career path, salary, rewards, and incentives for each role. The AICPA & CIMA offshoring tools include communication channels...
Read morePractical Bookkeeping Guide for SaaS Businesses
In essence, it reconciles the balance sheet and income statement to determine the financial position of your business. This model is advantageous in the sense that your business can better forecast revenue and expenses. Although complicated compared to cash-basis accounting, accrual accounting can better serve quickly growing SaaS businesses. From choosing...
Read moreWhat Are Fixed Assets? Key Characteristics & Examples
Accumulated Depreciation is a long-term contra asset account (an asset account with a credit balance) that is reported on the balance sheet under the heading Property, Plant, and Equipment. There are a number of benefits for your organization when it comes to tracking depreciation in fixed assets. There are...
Read moreEntrepreneur’s Guide to Airbnb Rental Arbitrage
This proximity allows for quick response to guest issues, regular maintenance, and easier management of check-ins and check-outs. The property is just as crucial as its location when learning how to start an Airbnb business. Consider the type of guests you want to attract and ensure the property meets...
Read moreAccounting Equation Assets = Liabilities + Equity
If it’s financed through debt, it’ll show as a liability, but if it’s financed through issuing equity shares to investors, it’ll show in shareholders’ equity. Liabilities are obligations that the company owes to external parties, such as loans, accounts payable, and mortgages. For example, in mergers, companies acquire both...
Read moreMiscellaneous Expense Examples for Ecommerce doola: Start your dream US business and keep it 100% compliant
Miscellaneous expenses are variable costs, because they are unpredictable and vary from month to month. Stay on top of your finances, save big on taxes, and grow your business faster with doola. Using cloud-based storage or expense management apps can make this process seamless. While these may seem discretionary,...
Read moreCommon and Preferred Stock Financial Accounting
These shares include those held by the public, as well as shares held by institutional investors and insiders. The number of outstanding shares is a critical component in many financial metrics, including market capitalization and earnings per share. Outstanding shares are a fundamental metric for investors because they play...
Read more10 Best Payroll Services For Small Business Of 2025
Small business owners can choose from Quickbooks Online’s four monthly packages. Block Advisors is a specialized arm of H&R Block aiming to lighten the load for freelancers and small business owners, with separate bookkeeping, payroll, and business formation services. Several cloud-based accounting and bookkeeping applications are easy to...
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