Budgets are an important tool for nonprofits—both from a legal standpoint, and to keep investors and donors engaged and happy. Here's how to improve the budgeting process within your nonprofit.
The profit and loss statement, balance sheet, and cash flow statement are some of your most powerful tools for understanding your business's health. Here's how to use them.
Wondering how to accept payments for your cannabis business? Here are your options for payment processing and cash management.
Would you rather keep track with records in your books, or just in your head? That, in a nutshell, is the difference between cash-basis and accrual accounting. Here's an overview of cash accounting and accrual accounting, to help you decide which is best for your business.
By Tim Berry
Whether you’re a freelancer or running your own small business or startup, you’ve got to get paid—preferably on time. A simple, professional invoice can make all the difference. Here are some free invoice templates you can use to easily create your own invoices.
Learn what defines a balance sheet, the importance of a balance sheet in your business plan, and view some balance sheet examples.
Paying an accounting professional can have benefits that far outweigh the added costs—but what happens if your accountant makes a mistake? If your accountant made a costly error and is unwilling to set things right, you should understand your legal rights and options.
By Brian Eckert
Not hiring an accountant can often be an expensive mistake. A good accountant can provide expert advice and information, help you to grow your business, prevent your from running afoul of the IRS, and save you thousands of dollars in taxes.
By Rachel Smith