Allow homeowners to view balances, pay fees and request maintenance in a secure portal or mobile app. Your property management software should meet five requirements before you decide to stick... read more →

The distribution of fixed costs to total costs decreases proportionately with the number of units produced, so extra care must be taken. Since the costs directly affected by changes in... read more →

Maybe you have seen one before in one of your bank statements, such as for your checking account. If you have a what is a debit memo in accounts payable... read more →

Accounting involves recording financial information, preparing documents relating to finance, and analyzing financial records. Public accounting focuses on financial documents that clients must disclose to the public, such as tax... read more →

Still, some accounting programs are more user-friendly than others, and Wave Accounting is among the easiest for first-time business owners to configure. Otherwise, unless you add an optional service like... read more →

In later-stage funding events, investor terms may state that a CFO must be hired upon completion of the round. Restructuring a company requires in-depth knowledge of processes (see above), an... read more →

But if you’re a non-citizen, the Internal Revenue Service (IRS) still expects you to report taxes every year — for which you’ll need an Individual Taxpayer Identification Number (ITIN). With... read more →

Each month, your bookkeeper categorizes your transactions and reconciles your accounts. Categorizing transactions records each transaction under the right account so you have clear records of how much the business... read more →

If the same assumptions are applied for the next year, the end-of-period shareholders equity balance in 2022 comes out to $700,000. Note that the treasury stock line item is negative... read more →

It minimizes the resources required for processing payments and managing paperwork, ultimately lowering operational expenses. Automation ensures that data is accurately captured and processed, minimizing mistakes that can occur with... read more →

At Altruic Advisors, our nonprofit accountants have helped more than 500 organizations across the country with outsourced accounting, Form 990 preparation, and nonprofit audit services. Program expenses (or program services... read more →

At Altruic Advisors, our nonprofit accountants have helped more than 500 organizations across the country with outsourced accounting, Form 990 preparation, and nonprofit audit services. Program expenses (or program services... read more →