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All About Accounting (7)

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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Accounting for Computer Software Costs

Computer software drives the world. Businesses use software to account for transactions, communicate with colleagues and customers, and design and manufacture new products. One thing is clear: without software, we’d be lost. Accounting for the costs...
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Liquidity Disclosures: What Nonprofits Need to Know

Nonprofits are required to include a liquidity disclosure in their financial statements. This liquidity disclosure overviews qualitative and quantitative information about how the nonprofit manages its liquid resources. This information can make it...
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