Cash Flow

Top Five Ways to Survive and Thrive Financially During Economic Uncertainty

By |2020-09-21T14:34:37-05:00June 23rd, 2020|Advisory, Cash Flow, COVID-19, Economy, Goals, Hello Iowa, Performance Measurement, Preparation|

Undoubtedly, there’s a lot of uncertainty and change happening around us. This volatility can make us feel like we should hold tight and be reactive to what happens. But times of crisis and economic uncertainty can create opportunities for us to accelerate changes that we needed or wanted to happen anyway. Here are the Top [...]

How to Improve Your Future Financial Results

By |2020-07-14T15:37:57-05:00May 26th, 2020|Advisory, Cash Flow, Goals, KPIs, Records, Value|

Your basic financial statements report what has happened in the past – these are lagging indicators. Those numbers are certainly important, but they only tell you what has already happened. If you don’t like the results, there’s nothing you can do to change them. However, to impact future results, you must also identify Key Performance [...]

Donor Trust and Financial Transparency

By |2020-03-31T14:18:58-05:00February 18th, 2020|Assurance, Budget, Cash Flow, Donation, IRS, Nonprofit|

  For many nonprofit organizations, it may be easy to create and tell a story that pulls on potential donors’ heartstrings to encourage an initial donation. However, keeping them engaged and donating in the future requires trust; one of the best ways to ensure trust is through financial transparency. Sure, there are some financial transparency [...]

Can I Use My Endowment As Collateral?

By |2019-12-09T13:23:50-06:00March 13th, 2019|Assurance, Board, Budget, Cash Flow, Gifts, Nonprofit|

Organizations looking to expand their programs sometimes need to obtain bank financing for large projects such as the acquisition of a building. Depending upon the financing received, collateral is often a necessary piece of closing the deal. For organizations with large endowments, the question may come up as to whether the organization may use [...]

Top 10 Accounting Acronyms Every Business Owner Should Know

By |2019-12-09T13:22:28-06:00January 30th, 2019|Accounting, Advisory, Cash Flow, Tips, Value|

You need accurate financial information to help you measure the results of all the hard work that goes into your business. The problem is, your accountant uses more acronyms than your teenage daughter’s text messages. This leaves you feeling frustrated and confused. You can either smile and nod until the conversation ends or spend [...]

Decoding the Nonprofit Financial Lingo: Statement of Financial Position

By |2019-12-09T13:23:13-06:00January 23rd, 2019|Accounting, Advisory, Assurance, Cash Flow, Nonprofit, Tips|

In each of our chosen fields and careers, there is often some industry-specific language that gets passed around. Nonprofits have their own sets of terminology that can be different and confusing. Whether you’re an accountant, board member, volunteer, or curious potential donor, getting to know the lingo used in non-profit accounting can be important [...]

Here They Are…More Changes to Financial Statements!

By |2019-05-22T10:02:36-05:00December 11th, 2018|Accounting, Board, Budget, Cash Flow, Change, Compliance, Investment, Nonprofit, Preparation|

Previously in “Changes to Financial Statements for Not-for-Profit Entities, Are You Ready?” we provided information on the changes to net asset presentation and underwater endowments under the new financial statement presentation standard. Now we will address the new presentation and disclosure items related to liquidity and availability disclosures, functional expenses, investment expenses, and the statement [...]

Divorce Can Hurt – A Case Study in the Tax Consequences

By |2019-04-10T13:28:41-05:00September 19th, 2018|Cash Flow, Litigation Support, Tips|

When I was a kid, my dad said something that has stuck with me throughout my life. Considering I grew up to be a CPA, the irony of his statement isn’t lost on me... He said, “Son, there are only two definite things we must do in this world, pay taxes and die.” The takeaway [...]

Choosing the Right Accounting Method for Tax Purposes

By |2018-08-31T10:05:14-05:00August 31st, 2018|Accounting, Cash Flow, Change, IRS, Tax Planning, Tax Reform|

The Tax Cuts and Jobs Act (TCJA) liberalized the eligibility rules for using the cash method of accounting, making this method, which is simpler than the accrual method, available to more businesses. Now the IRS has provided procedures a small business taxpayer can use to obtain automatic consent to change its method of accounting under [...]

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