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All About Accounting (7)

Quick Guide for Breweries & Wineries: Accounting for Employee Tips

Who doesn’t love a good tip? If you have ever worked in hospitality, you know there is nothing better than a customer rewarding your service with a generous tip. For business owners on the other hand, tips can be challenging when it comes to accounting....
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Private School Financial Reporting Mistakes: Donor Support

Donor support can have complex accounting requirements for private schools. This can lead to schools improperly recording certain types of donor support, which can result in misstatements or reclassifications. The following are just some of the most...
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3 Budgeting Best Practices for Private Schools [+ Budget Template]

The budgeting process is arguably one of the most important tools for creating a road map to your private school’s success. Planning and monitoring your budget can help you identify wasteful expenditures, adapt to financial changes, and achieve your...
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FAR Overhead Rates and Audits for A/E Firms – FAQs

If your architecture or engineering firm is looking into working on state department of transportation awards or other federally funded contracts, you may have heard the term “overhead rate” or “indirect cost rate.” Calculating a rate for the first time...
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Quick Guide: Accounts Receivable Management for Long Term Care Facilities

As every long term care provider knows, effectively managing accounts receivable is critical to an organization’s financial success.
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Why Real Estate Companies Should Consider Income Tax Basis Accounting for Financial Statements

While it’s not necessarily a secret, there may be some real estate companies that aren’t aware that there’s an alternative to GAAP (Generally Accepted Accounting Principles) for maintaining their accounting records and presenting their financial...
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