October 21, 2024
Charles Lutwidge
How to Accept Stock Donations as a Nonprofit?
Nonprofit organizations (NPOs) enhance financial health by diversifying revenue sources. Even though getting equities is a common practice, learning how to accept stock donations opens new opportunities for any philanthropic organization. However, mastering the intricacies of the accounting procedures is...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
October 18, 2024
Charles Lutwidge
How to Comply with GAAP Rules for Nonprofits?
Maintaining the financial strength of an organization necessitates learning how to meet existing regulations. Generally Accepted Accounting Principles (GAAP) enable companies to achieve strategic goals while remaining fully transparent. Charitable organizations align their practices with current regulations to win investors’...
October 16, 2024
Charles Lutwidge
Bookkeeping for Chiropractors: 7 Tips to Improve Your Business
As a chiropractor, you can realign your spine with the proper knowledge and practice, but when it comes to accounting, you may wonder if you’re doing it right. If you feel lost when managing your practice’s resources, it’s time to...
October 10, 2024
Charles Lutwidge
Best Ways to Get Paid as a Freelancer
Independent professionals who start businesses and offer services as self-employed specialists often need help when trying to collect fees. This is why many of them start to wonder, “How to get paid as a freelancer?” After spending months on a...
October 02, 2024
Charles Lutwidge
What Is the Quote-to-Cash (Q2C) Process?
Building a sustainable business necessitates optimizing a company’s operations to increase sales and fulfill orders without delays. Implementing the quote-to-cash process (QTC) requires taking multiple steps toward higher profitability. Experienced sales professionals recognize the significance of focusing on customer satisfaction,...
September 26, 2024
Charles Lutwidge
What is Payment Reconciliation?
Achieving sustainable growth necessitates minimizing losses and allocating funds to development. Companies lose 5% of annual profits due to inconsistent financial records. Embracing time-tested payment reconciliation practices is the only way to proactively fix discrepancies and ensure that accounting records...
September 18, 2024
Charles Lutwidge
What Is Accounts Receivable (AR) Automation?
Maintaining a company’s financial health involves monitoring payments for delivered products. Tracking accounts receivable (AR) allows firms to collect money in time and ensure that there will be enough cash to cover current expenses. Building a sustainable business necessitates processing...
September 18, 2024
Charles Lutwidge
Food Truck Accounting: Essential Tips for Maximizing Profitability
Small business owners must carefully monitor their finances to understand their current situation and avoid breaking laws. Adherence to strict accounting standards is especially critical regarding food truck accounting. The average profit margin in the restaurant sector ranges from 3...
