Not-for-profits play a vital role in addressing community needs, relying primarily on donor generosity. Effective financial management hinges on accurately tracking asset restrictions, which are critical for decision-making. This article outlines net asset classifications, highlights best practices for their management, identifies common challenges, and suggests resources for future guidance. 

Not-for-profits play a pivotal role in educating, inspiring, and benefiting communities globally, funded predominantly through the generosity of donors. The transparency and efficiency of financial reporting are essential, directly influencing the organization's capacity to serve and make a significant difference. This discussion delves into optimizing financial processes to amplify mission success, underscoring the direct link between financial stewardship and community impact.

Running a successful restaurant is no easy task. Every element must come together exactly right, from recipes to staff to finances. However, one often overlooked part is inventory management. You might be thinking, "Does it really matter if I count inventory at my restaurant?" The short answer: absolutely. Let's delve into the details of why keeping a close eye on your inventory is not just a chore but a crucial aspect of running a successful restaurant.

Betting on sports, especially around big events like the Super Bowl, college football rivalries, or college basketball's March Madness tournament, has become a staple in many workplaces, including not-for-profits. They're seen as a fun way to engage employees and foster a sense of community. They’ve even been used as a fundraiser for some organizations – and you may be considering this approach for your organization. However, before you agree to this creative fundraising approach, you should know that beneath the surface of these seemingly harmless activities, there are potential risks that nonprofit organizations need to know.

In a world brimming with innovations and rapid technological advancements, it's fascinating to see how traditional processes evolve. Accounting, the respected language of business, is no exception. As businesses transition to digital landscapes, the realm of accounting has experienced a seismic shift. And the results? A world where efficiency, accuracy, and strategic insights are the order of the day.

The recent national news about minors being employed in roles unsuitable for their age group has shed light on the delicate issue of hiring underage workers. As businesses strive to remain productive and profitable, the importance of adhering to labor laws and immigration regulations cannot be overstated. Not only is it a legal imperative, but it also speaks volumes about the ethical standards of your organization. Here, we'll delve into the role of minors in the workforce, the necessity of I-9 verifications, and the obligations your business owes when partnering with third-party staffing agencies.

In today's digitally driven world, where technology reigns supreme, cybersecurity has become an indispensable aspect of business operations. Whether you're running a sprawling corporate empire or a small local business, the importance of cybersecurity cannot be overstated.

In the evolving landscape of business, one constant remains: the undeniable importance of sound financial management. For any organization, from startups to established enterprises, the path to success is paved with fiscal responsibility, strategic decision-making, and a clear vision of the future. This is where client advisory and accounting services shine as indispensable assets. 

In a world increasingly driven by technology, cyber risks have become a formidable adversary for organizations across all sectors. However, when it comes to cyberattacks, one sector stands out as a prime target – nonprofits. We'll delve into the why and how of cyber risk management for nonprofits, exploring the challenges you may face and solutions to protect your mission-driven work.

Many dental practice owners find themselves wearing multiple hats, trying to juggle clinical excellence, patient satisfaction, and the nitty-gritty financial details that keep the practice running smoothly. But what if you could regain more time to focus on what truly matters – your patients – while leaving the intricacies of bookkeeping and financial management in capable hands?