The complete guide: Bookkeeping for attorneys and paralegals
Additionally, law firms often operate with variable income due to unpredictable case schedules and billing cycles. You may receive substantial fees in one period and none in the next, making consistent bookkeeping a necessity. By keeping accurate records of when income is earned and how it’s managed, you’ll have a clear understanding of your cash…
a guide to nonprofit accounting for non-accountants
Understanding Nonprofit Accounting Standards Sage Advice US The key to proper nonprofit accounting is tracking and understanding how financial resources align with donor restrictions and nonprofit accounting rules. A $10,000 unrestricted donations are managed differently from a $10,000 grant earmarked for specific programs. Each fund operates as its own mini-ledger, ensuring that organizations use their…