Most importantly, you should adhere to proper disclosure procedures in all financial statements as outlined in GAAP guidelines. This includes providing accurate information on all related financial transactions, such as donations and expenses. Looking up a nonprofit’s Form 990—using services like Guidestar.org—can tell you a...
As construction projects grow in complexity, professional bookkeeping ensures that financial systems remain scalable and adaptable to new challenges. Investing in construction bookkeeping service is a wise choice that not only keeps your finances in check but also empowers you to make data-driven decisions for...
A few states (and certain government agencies) require nonprofits to submit an independent audit, but generally, nonprofits are exempt from this fun activity. Still, we’re gonna suggest you participate regularly even if it’s not a requirement. Conducting periodic internal or external audits will help keep...
Virtually all long-term contracts and many short-term contracts provide for contractors to issue periodic progress billings. At FShad CPA, we provide construction workers with proper tax planning, advisory, bookkeeping, and corporate tax services. Our friendly and reliable accountants will ensure that all your financial matters...