Internal controls aren’t just for large companies. Learn the essential internal controls small businesses should have to protect cash, prevent fraud, improve accuracy, and strengthen financial oversight. When you hear the phrase internal controls, you might picture a large corporation with an accounting department, layers of management, and pages of formal policies. But internal controls […]

Monthly accounting gives small business owners accurate, timely financial information. Learn why consistent bookkeeping, reconciliations, and financial reporting matter for better business decisions. For many small business owners, accounting becomes something they think about when a deadline is approaching. Taxes are due. The bank needs financial statements. A loan application asks for current numbers. Or […]

Preparing for Estimated Tax Payments | Small Business Guide Preparing for your next estimated tax payment? Learn what small business owners should review before paying quarterly taxes and how year-round accounting can help prevent tax surprises. Estimated tax payments have a way of sneaking up on business owners. You’re focused on clients, payroll, expenses, and […]

Learn why budget vs. actual reports are essential for nonprofit financial management, what board members should look for, and how variance analysis helps organizations make better decisions. Creating an annual budget is an important part of nonprofit financial management. But approving a budget at the beginning of the fiscal year isn’t enough. A budget only […]

Not sure how to read your business balance sheet? Learn what assets, liabilities, and equity mean and how your balance sheet can help you understand the financial health of your small business. Most small business owners are at least somewhat familiar with their Profit & Loss statement. The balance sheet? That one tends to get […]

How to Read a Profit & Loss Statement | Small Business Guide Not sure how to read your Profit & Loss statement? Learn what revenue, expenses, and net profit tell you about your small business and how to use your P&L to make better financial decisions. Your Profit & Loss statement may be one of […]

Is your small business on track for the year? Use this mid-year financial checkup to review revenue, profit, cash flow, expenses, taxes, and financial goals before year-end. The year can move quickly when you’re running a business. You start January with goals, budgets, and plans—and before you know it, you’re well into the second half […]

What financial reports should a nonprofit board review? Learn the key nonprofit financial statements board members should understand and how they support strong financial oversight. Serving on a nonprofit board comes with more responsibility than supporting the organization’s mission. Board members also have a fiduciary responsibility to provide financial oversight. But that can be difficult […]

Reconciling your accounts isn’t just for year-end. Learn how often you should reconcile your bank and credit card accounts and why regular reconciliations are essential for a healthy business. For many small business owners, reconciling bank and credit card accounts is something that gets pushed to the bottom of the to-do list. “I’ll do it […]

Accurate bookkeeping is about more than tax season. Learn why clean books matter, how they support better business decisions, and why they are the foundation of a healthy business. When most business owners think about bookkeeping, they think about tax season. But bookkeeping is about much more than preparing a tax return once a year. […]