As a responsible business owner, you want to stay in compliance with local and federal regulations regarding recordkeeping. The process becomes manageable if you know exactly what to keep and for how long. Here is a quick rundown on which small business accounting recordsyou need to keep and for how long.Gross Receipts – Any source of […]
Financial 101
Is An Audit Necessary for Your Nonprofit?
When it comes to audits, an independent nonprofit audit is different than an IRS audit. An independent auditor, who should be a Certified Public Accountant (CPA), completes an independent audit. These audits are an examination of your financial statements and accounting records. Once a nonprofit audit is completed, the auditor will give your company a report […]