Category: Bookkeeping

Understanding the nuances between these types of funds is what makes nonprofit accounting challenging. It is important to make sure that you are categorizing these properly so that your organization stays compliant. An accountant can help you categorize these funds and provide you with accurate information as to how much your organization has available to…

Use AI to generate personalized quizzes and flashcards to suit your learning preferences. Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries. He has been the CFO or…

Use AI to generate personalized quizzes and flashcards to suit your learning preferences. Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries. He has been the CFO or…

In both events, you may need access to your business’s documents and financials to validate your claims and defend yourself against accusations of wrongdoing. Pension and retirement plans might fall under both IRS and Employee Retirement Income Security Act (ERISA) rules. You might want to permanently keep records for employees who receive pension or retirement…

Other great accounting tools you can expect with ERP software are your basic general ledger features, with accounts payable and accounts receivable. Then, you can sometimes expect more advanced finance features, like financial planning, forecasting, portfolio management, and financial reporting. Folding your PM tools into your ERP system can pull together data for better production…