Monthly Archives: November 2019

Developing Relevant Performance Metrics in Nonprofit Organizations

By |2019-12-04T15:15:07-06:00November 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 |2019-11-27T14:48:25-06:00November 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 |2019-11-27T15:01:22-06:00November 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). However, [...]

Increasing The Value of Your Business

By |2019-11-27T14:50:26-06:00November 21st, 2019|Advisory, Business Valuation, Change, Goals, Internal Control, Investment, Preparation, Sell, Value|

Have you ever wondered, “What is my business worth?” You’ve worked hard and are committed to the success of your business, but you might be considering retirement or pursuing a different career path. You may want to sell to an outsider or your children that are actively involved in the business. Regardless of the reason, [...]