How To Classify Exchange & Non-Exchange Transactions
Non-profit organizations (NPOs) may receive contributions and other revenues from a variety of sources; however, there are two main classifications of revenue transactions that NPO accountants and managers should keep in mind when recording them [...]
True Cost of Outsourcing Your Accounting
So what is the true cost of outsourcing accounting or bookkeeping? CPA rates can appear daunting, especially when it’s time to write the check each month. As a business owner, your bottom line is extremely [...]
Educator Effectiveness Entitlement: What You Need to Know
The Educator Effectiveness funds are specifically to be used for professional development, coaching, and support services, as outlined in Section 58 of Assembly Bill (AB) 104, Chapter 13, statutes of 2015 and amended by Section [...]
Employees vs. Independent Contractors
During the spring of 2010, the Internal Revenue Service (IRS) began an employment tax research study that focused on areas of employment taxes with the most compliance issues. One of these issues was whether or [...]
How To Prepare for a Financial Audit
Many businesses are required to undergo an annual financial audit, whether they be corporations, not-for-profits or governmental entities. The process can be stressful for those under the microscope and also for those footing the bill, [...]