What is an LLC? Definition and how to form When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. Risking everything to build a company, this entrepreneur reveals unexpected truths about what it truly takes to achieve lasting success. We put together a list […]
Category Archives: Bookkeeping
It turns any smartphone, tablet, or computer into a complete donation station, working seamlessly with your existing donation forms and Stripe account — no extra systems or administrative headaches. When someone is inspired to give in person, asking them to “donate online later” often means losing that moment forever. See how Giving USA paints the picture of […]
There are plenty of tried-and-true tactics you can employ to get a passing score on your next try. Many people need more than one attempt to pass this rigorous exam and become a CMA. While not mandatory, structured coaching can significantly increase your chances of passing with expert guidance and study resources. First, you’ll need […]
As we look towards 2025, nonprofits face a unique set of challenges and opportunities. From fluctuating income streams to increasing demand for programs, organizations must plan carefully to navigate financial complexities while maximizing impact. Whether you’re managing general operations, launching a new program, or amplifying your marketing efforts, a thoughtful budget can be the difference […]
The W-2 reports all money paid to an employee as well as withholdings for taxes and tax-deferred retirement accounts. 1099-NEC forms are used to report payments to freelancers and other independent contractors and generally don’t include withholdings. If you aren’t an employee on a business’ payroll but receive compensation from a business for services, you […]
There are three different parts to any nonprofit cash flow statement that should be worked into a Non Profit Financial Statement Template. The investing section covers any money the nonprofit has spent for investment or other longer term assets. The financing section is a report of any funds that have been borrowed and any loan […]
They live in a different state than their Client Advocate but between Zoom, email, texting and online bookkeeping software, they are able to work together seamlessly. The Harper Family had little control of their finances before starting with MPB. Mr. & Mrs. Harper, both in their 40’s, have been blessed with several children. Mrs. Harper […]
This helps you make informed decisions, optimize pricing, manage inventory, and improve cost control—ultimately boosting your restaurant’s profitability. It’s recommended to review your restaurant’s bookkeeping reports regularly to stay informed about your restaurant’s financial health. Daily and weekly sales reports should be reviewed, while performance evaluations, based on monthly, quarterly, and annual reports, help assess […]
The whole idea is to automate and makes everything as easy and painless as possible with these tools. Look for expense tracking features that provide clear insights into Top Benefits of Accounting Services for Nonprofit Organizations You Should Know your spending patterns so they can be adjusted accordingly. There are also templates that can be […]
Rules of Debit and Credit Definition, Explanation and Examples Examples include Accounts Payable, which are short-term obligations to suppliers for goods or services purchased on credit. Another liability is Unearned Revenue, which occurs when a business receives payment for services or goods before they are delivered, creating an obligation to the customer. When these obligations […]