Like private sector for profit companies, nonprofit organizations need to keep track of their financial records. In order to best keep track of the organizations’ finances, it will be very important to follow a number of steps. With the proper accounting practices, nonprofit organizations will be in position to stay financially solvent. They will also […]
Tag: Financial Accounting
Accounting is a smart career path to take. It tends to bring on a low level of stress and a high level of compensation. If you study accounting in college, you are likely to find a career in accounting fairly quickly, compared to other industries which have much slower career placement. In fact, you can […]
Maybe you are a small business with only one office that has to perform several office functions, without the luxury or a separate accounting office. Maybe you are a freelance accountant, working out of a home office. Perhaps you are just getting into accounting professionally and aren’t sure of the processes. In all of these […]
Welcome to the next installment of my accounting vocabulary series, where I define some of the most important vocabulary words in the field of accounting. Here are a few important accounting vocabulary terms starting with letters G through J. View D-F here, and you can read A-C here! Learning the vocabulary involved within accounting practices […]
Technology is one of the biggest factors affecting how companies do business. With the constantly changing technological climate of the world around us, accounting software companies are constantly working to build new products. In the past, accounting has lagged behind some other industries, but this year it seems that accounting is bringing itself into the […]
Filing your taxes is extremely important, and making a mistake when doing so can lead to serious repercussions. With all of the information that needs to be filled out, people are bound to make errors. It’s important to make sure you’re not one of those people. Here are a fews tips to help you avoid […]
Tax season brings on a lot of stress, and it also brings on a lot of scam artists. Unfortunately, a number of con artists are lurking and waiting to scam innocent taxpayers out of their money. Here are a few common ways the taxpayers tend to get scammed, followed by some tips on how to […]
In the world of accounting, there are two fields of study that often get confused. There is something called Financial Accounting and then there is Managerial Accounting. Most people are familiar with Financial Accounting. But there is a huge difference between the two. Harold Averkamp, CPA, and author of content at accountingcoach.com differentiates between the […]
One of the most important relationships that all business owners will have during the life of their business will be the one they maintain between themselves and their bank. The banking relationship between business owner and their bank is not only important because it is the place where deposits and withdrawals are made. It is […]
