Monthly Archives: November 2019

Developing Relevant Performance Metrics in Nonprofit Organizations

By |2020-01-28T12:17:32-06:00November 27th, 2019|Assurance, Board, Budget, Nonprofit, Records|

Nearly every nonprofit organization in existence can confidently state that their board of directors reviews and approves financial reports (generally the statement of financial position, statement of activities, and often a cash flow statement) at each meeting. However, many boards are missing out on a valuable opportunity in gathering important information to assist with [...]

5 Reasons Outsourcing Works for Growing Businesses

By |2020-03-30T13:07:48-05:00November 27th, 2019|Accounting, Advisory, Goals, Internal Control, Payroll, Tips|

As your small business grows, the demands on your time and energy grow, too. You and your employees can find yourselves consumed with activities that creep beyond your passion and proficiency. This can be risky for your business, at worst, and boring or unfulfilling for you and your employees, at best. Many business owners [...]

Setting the Record Straight – Overhead Costs Are Essential for Sustainability and Growth

By |2019-12-09T13:08:31-06:00November 21st, 2019|Assurance, Budget, FASB, Nonprofit|

Being honest and transparent about overhead costs (i.e., Management & General, Fundraising, etc.) is vital in educating stakeholders on the cost of delivering services. Many people think of overhead as a negative part of doing business, thinking it is something to be minimized in order to maximize something (such as profits or other measurables). [...]

What Your Financials Say About Your Business

By |2020-01-28T12:18:10-06:00November 21st, 2019|Accounting, Advisory, Goals, Tips, Value|

Have you recently provided your financial statements to a lender, investor, large customer or vendor? Did you wonder what they were looking for? Were you caught off guard by the questions they asked or the decisions they made? Financial statements reveal a lot about a business. Readers of financial statements use financial information to make [...]