Entries by Elisa Careggio

Nonprofit Treasurer Checklist

A nonprofit treasurer plays an important role in an organization by protecting public funds, ensuring legal accountability, and promoting transparency.  A treasurer can help their organization remain financially stable and mission focused by following a structured schedule of monthly, quarterly, and annual responsibilities. Monthly Responsibilities: Each month, the treasurer should complete the following tasks to […]

/by

Cash Basis Accounting vs. Accrual Accounting: Which One Is Right For Your Business?

When it comes to managing a business’s finances, choosing the right accounting method is crucial for accurately tracking income and expenses. Two of the most common accounting methods are cash basis accounting and accrual accounting. Each method has its unique advantages and disadvantages, catering to different types of businesses and their specific needs. Understanding the […]

/by