July 09, 2024
Charles Lutwidge
What is The Difference Between Government and Nonprofit Accounting?
Even though state entities and non-profit organizations utilize similar accounting practices, considering them the same would be a mistake. Understanding the distinctions between government and nonprofit accounting is the only way to achieve congruity with U.S. laws. In this blog...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
July 04, 2024
Charles Lutwidge
Your Complete Guide to Crafting a Church Chart of Accounts
When it comes to church accounting, financial statements usually look different from those of business and nonprofit organizations. However, your religious institution needs accurate, actual financial documents to pay taxes and report to sponsors correctly. The church chart of accounts...
July 01, 2024
Charles Lutwidge
Nonprofit Cash Flow Statement: A Comprehensive Guide
Cash flow control is a fundamental aspect of ensuring the success and longevity of nonprofits. By having an error-free cash flow statement, managers and financial professionals can gain meaningful insights into their financial health, allowing them to plan effectively, meet...
June 25, 2024
Charles Lutwidge
Mastering the Art: Accounting for Content Creators and Influencers
Influencers and content creators have carved out their niche in the dynamic digital industry, becoming important marketing actors. Their influence extends to various social networks, creating trends, establishing market flows, and forming colossal online communities. However, behind the aesthetic posts...
June 20, 2024
Charles Lutwidge
Tax Preparer vs CPA: Exploring the Differences
Even while most people handle the tax filing procedure on their own, there are specific circumstances that call for expert assistance. You should seek specialist counsel if you’re self-employed, a small entrepreneur, or have tricky financial situations spanning many jurisdictions....
June 17, 2024
Charles Lutwidge
How to Write Construction Invoice: Tips for Success
Construction projects involve numerous subcontractors, a wide range of materials, and intricate procedures. Accurate billing ensures prompt remuneration for finished products and services to all stakeholders — from suppliers and contractors to clients. It streamlines the management of finances and...
June 13, 2024
Charles Lutwidge
Streamlining Payroll for Construction Companies: Best Practices
Everyone looks forward to payday. It is a time-tested agreement between the employer and staff who exchange skilled labor for fair pay. In fact, payroll for construction is not just issuance of remuneration within a specified period. Payroll is a...
June 10, 2024
Charles Lutwidge
What is Retainage in Construction?
Many contractors deal with retainage clauses in their construction contracts, a practice prevalent in the area. However, many contractors and business owners still do not know how to apply retention to construction programs, resulting in difficulties with capital flows or...
