Historically, workplace environments thrived in “silos” for their employees: the sales folks stay over here, the marketing folks over there, the accountants in the back. Notice how the word “thrived” is in past tense as the world has changed and businesses are trying to catch up with the constant churn. Accounting agencies are looking for new employees who not only have the necessary finance skills but also have strengths in other areas outside their “comfort zones.” Continue Reading
Managing Money With Mission
Category Archives: Accounting Practices
Remote Audits Aren’t Going Anywhere
Remote audits in 2020 proved to be so valuable, some firms are leveraging the technology by going another step further, taking deep dives into cybersecurity risks and searching harder for fraud. Auditors will be heading back to their offices soon and while many will still prefer to meet in person with their clients, some large… Continue Reading
Five Nonprofit Accounting Practices to Review Annually
There are always changes that can be implemented at your nonprofit or business that will make your operations more efficient, especially when it comes to accounting practices. It’s hard to realize your organization may be working with multiple inefficiencies since you’re “in the weeds” with day-to-day work. Unless something goes wrong, why change it? The… Continue Reading
Identity Theft Warning: Unemployment Benefits
We are heading into tax filing season and the IRS is seeing an uptick in taxpayers receiving form 1099-G even though they never filed for unemployment during 2020 and the COVID-19 Pandemic. If you or any of your employees received the form yet never filed, identity theft is likely and someone may have received benefits… Continue Reading
Keeping Your “Bookkeeper” and Outsourcing Your Business Controls
Small to mid-sized businesses and nonprofits tend to default to having one person control all of the business’s accounting functions, known fondly as “the bookkeeper.” Oftentimes this bookkeeper ends up being the company’s owner or nonprofit organization’s executive director. Aside from the capacity challenges of a high-level employee managing the books when they should be… Continue Reading