Industry Insights
-
Minimizing Exposure to Fraud – Part 1: Checking Account Controls
Small businesses and nonprofit organizations may have more exposure to fraud since they often do not have the resources or systems available for fraud prevention. Fraud can occur when an… [Continue Reading]
-
Preparing for an Audit
Definition: An audit is an examination of an organization’s financial statements by an independent certified public accountant (CPA). Who’s Required To Have An Audit: Nonprofits audit requirements vary by state. For example,… [Continue Reading]
-
Inventory Tracking Can Be Simple
Managers often assume that they should maintain a “perpetual inventory system” to track inventory. That is not always necessary. Certain small businesses do need detailed inventory tracking: But, for most… [Continue Reading]
-
Do you need a budget?
Does your organization really need to prepare a budget? Yes, it does. Although it seems like a lot of work, a budget is an indispensable tool for converting your plans… [Continue Reading]
-
Payroll Services
You might be tempted to try to save money by processing your payroll in-house with software like QuickBooks Online Payroll. But, Bookminders always recommends that our clients outsource their payroll… [Continue Reading]
-
Financial Record Security
You might think that your small organization is not a target for malicious hackers. But, a survey by the Small Business Technology Institute reported that more than half of all… [Continue Reading]