An important metric that is available from the income statement of a retailer or Bookkeeping for Consultants manufacturer is the gross profit. Therefore, a corporation with net sales of $1,000,000 and cost of goods sold of $800,000 will have a … Continue reading →

The management of endowment funds also involves adhering to legal and regulatory requirements, such as the Uniform Prudent Management of Institutional Funds Act (UPMIFA). This act provides guidelines for the investment and expenditure of endowment funds, emphasizing the need for … Continue reading →

For us, nonprofits are not a side business, they are our primary business. Find out how we can extend the practical financial advice you need to achieve your goals. Call Raymond H Best, PC, CPA today to set up an … Continue reading →

Especially in organizations that employ many tax experts, having an office Online Bookkeeping manager with tax expertise is incredibly valuable. Bookkeepers ensure that a business makes the most economically viable and safe decisions to keep finances tight and under control. … Continue reading →