Pros and Cons of In-House vs Outsourced Accounting
As mentioned retained earnings above, your in-house employees may have other responsibilities too that may be overwhelming them and keeping them from providing full attention to the task at hand. Milestone Service Awards Annually, we celebrate those employees who have reached certain professional milestones with the Firm. Tuition Reimbursement After 12 months of service, employees […]
How to Account for Donated Assets: 10 Recording Tips
While managing individual gifts might seem easy, they often require sophisticated tracking systems. These systems handle recurring donations, matching gifts, and varying restriction levels. While businesses track profits, nonprofits track if they’re achieving their goals. Most guides either oversimplify nonprofit accounting or bury the important financial information under technical jargon. For this reason, inkind gifts […]