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QuickBooks Limitations for Growing Businesses: When to Evaluate Your Accounting System

growth changes

QuickBooks Is a Great Starting Point, But Growth Changes the Equation QuickBooks has earned its reputation as one of the most widely used accounting platforms for small and mid-sized organizations. It is user-friendly, affordable, and capable of handling the day-to-day accounting needs of many businesses and nonprofits. For many organizations, it provides exactly what they […]

Is It Time to Upgrade Your Accounting System?

accounting stystem

Is It Time to Upgrade Your Accounting System? Management of Financial Growth Shouldn’t Be Difficult Many organizations continue using the same accounting system long after they have outgrown it. At first, the software may still appear to be doing its job. Transactions are processed, reports are generated, and the month-end close still gets done. Over […]

Thinking About Selling Your Business?

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Thinking About Selling Your Business? The motivation to sell rarely stems from a single reason. Retirement, an unsolicited offer, changes in the market or shifts in personal circumstances are just a few of the many factors that can lead to a sale. However, these reasons are less significant than the preparation they prompt. Ideally, planning […]

Know the Key Business Tax Issues

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Know the Key Business Tax Issues Tax problems can create a surprisingly heavy financial burden for small businesses. Penalties and interest from the IRS, late payment fees, professional costs, audit expenses and even missed deductions or credits can chip away at your cash flow.  These issues also tend to bring along their own entourage of […]

IRS Issues New ERC Guidance

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IRS Issues New ERC Guidance The Internal Revenue Service has announced a new, streamlined way for taxpayers to extend the period of time for the IRS and the IRS Independent Office of Appeals to review a taxpayer’s response to a disallowance of an Employee Retention Credit (ERC) claim to avoid refund litigation. When an ERC […]

How Stronger Reporting Makes Nonprofits More Fundable

Nonprofit grant reporting funding

How Stronger Reporting Makes Nonprofits More Fundable Incomplete or inaccurate grant reports can jeopardize future funding, making reporting one of the high-stakes administrative functions in nonprofit management. However, organizations that maximize their reporting infrastructure don’t just meet requirements; they leverage the same data to address more complex questions about program performance, resource allocation and financial […]

Why Profitable Organizations Still Run Into Cash Flow Problems

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Why Profitable Organizations Still Run Into Cash Flow Problems Profit and Cash Are Not the Same Thing One of the most frustrating situations for leadership teams is seeing a profitable income statement while feeling constant pressure on cash. The numbers suggest the organization is performing well. Revenue is growing. Margins appear healthy. Yet payroll feels […]