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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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]
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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]
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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]
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Bookminders Launches Licensing Program
Over the past 20 years, Bookminders has created standard processes, pricing structures, marketing strategies and, most significantly, an employment model attractive to accounting professionals seeking work/life balance. Our business has… [Continue Reading]