Newsminders®
Bookminders is committed to making the complicated world of accounting understandable for our clients. In Newsminders®, we share news and provide simple, practical advice on accounting issues based on over three decades of experience.
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Improved Work-Life Balance Benefits Women in Accounting
Interest in increasing work-life balance is on the rise. “More than one in four employees (27 percent) at organizations that are not perceived to support work-life balance plan to leave… [Continue Reading]
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Does Work-Life Balance Impact Job Satisfaction?
According to a recent IMA survey, women in their twenties have the second highest job satisfaction rate while the rate is the lowest for women in their thirties. Job satisfaction… [Continue Reading]
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Creating a Budget
Using a budget is a good way for an organization to review and monitor the performance and achievements of management and the organization as a whole. The level of detail… [Continue Reading]
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Minimizing Exposure to Fraud – Part 2: Cash Receipts and Internal 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. The following recommendations can help… [Continue Reading]
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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]
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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]
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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]
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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]