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Understanding Fund Accounting: The Backbone of Nonprofit Finances

GrowthForceBlog

Key Takeaways Why Fund Accounting Is Crucial for Nonprofit Organizations: In nonprofit organizations, the goal and rules of accounting differ from the for-profit world. This helps the organization follow all rules and restrictions with respect to funds from different grants, endowments, or donors.

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When Venture Capital Flies High, Accounting Services Crash Hard

AccountingDepartment

In the fast-paced world of small and medium-sized businesses (SMBs) and startups, reliable accounting services are crucial. Recently, a new trend has emerged—accounting firms operated with the help of venture capital funding. However, SMB owners, entrepreneurs, and finance professionals need to tread carefully.

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How to Choose the Best Nonprofit Accounting Software

Accounting Seed

Accounting software is one of the most valuable tools a nonprofit can have, as it allows team members to shift their focus from tedious data management to what truly matters: serving people and making an impact. However, great accounting software doesn’t need to cost an arm and a leg. leading to an inefficient accounting process.

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Attention, Soon-to-be-Accountants: Governments Need You

CPA Practice

Professional association leaders warn that accounting staff shortages are popping up nationwide, impairing financial reporting at the same time that Congress has been pushing for more transparency in financial data , which will require even more staff work. So what’s changed in the supply chain for governmental accountants?

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Top Remote Accountants of the Week | August 22, 2024

Going Concern

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Accountingfly can help!

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Investors Haven’t Forgotten About Alternative SMB Finance

PYMNTS

This week, alternative finance companies raised more than $77 million in venture capital funding, accounting for nearly 70 percent of total funds raised by B2B FinTech startups this week. SMB Finance. million in new funding this week, $11.8 Veritas Finance. million in Series B funding, led by U.K.

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The golden rules to avoid a massive tax bill as a sole trader

Reckon

All you need is a few software tools…and two separate business bank accounts! (A 2) Create separate business and personal bank accounts. Before we look at avoiding a tax bill, follow one golden rule: Never use your personal accounts. Always use business bank accounts. 3) You need a second account for taxes only!

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