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 in the books and thinking about where they receive their funding. These are: exchange transactions and non-exchange transactions. The primary [...]

By | March 21st, 2018|Financial|0 Comments

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 important. Some duties are more cost effective to handle yourself. However, have you ever done a true cost analysis of [...]

By | March 11th, 2018|Uncategorized|0 Comments