Updated : Feb 09, 2018 in Finance Accounting

Non-Profit Financial Systems – Lessons Learned and Best Practices

Non-Profit finance and accounting in many ways, is much more difficult than for-profit accounting. Accounting for items such as grants, restricted funds, and in-kind donations all add complexity. There are unique GAAP rules for non-profits that vary if you are a government not for profit, or a private nonprofit. The…

Updated : Feb 06, 2018 in Finance Accounting

How the Finance and Accounting Process Is Transforming?

The chief financial officers and business owners, nowadays, look beyond cost reduction. Their focus is on developing new revenue streams for their business. They want to make a significant improvement in their performance metrics, while lowering down the inefficiencies. Consecutively, they look to address regulations and mitigate allied financial risks…

Updated : Jan 26, 2018 in Finance Accounting

How To Select An Accounting Firm That's Ideal For You And Your Finances

An accounting firm can provide aid to both businesses and individuals, assisting with important financial management and tax planning. There are a wide range of individuals and firms to choose from, from the huge international firms that dominate the industry to highly specialized local practices. When shopping around for a…

Updated : Dec 27, 2017 in Finance Accounting

Access to Finance Functions – Should Project Managers Have It?

"Nobody touches my accounts!" A statement often heard when planning implementations of integrated job costing and accounting solutions in organizations that previously ran separate systems for these. Finance teams are adamant that nobody outside of their team should be able to trigger any accounts postings. What on first sight appears…

Updated : Dec 09, 2017 in Finance Accounting

Bookkeeping Services or Accountant Services – Which Do You Need?

The term accounting covers a whole spectrum of services. Wikipedia defines accounting as the production of financial records about an organization. The principles of accountancy are applied to accounting, finance, bookkeeping, and auditing. Accounting was first found in Mesopotamia, where people used accounting methods to record the growth of crops…