Accounting for Virtual Assets in Digital Economies
According to Chainalysis’ 2024 Global Crypto Adoption Index, the United States ranked fourth in the world for crypto adoption. This shows that digital assets are now becoming a meaningful consideration for many U.S. companies and advisors. Okay, let’s unpack this a bit. Virtual assets are really broad these days. You have digital tokens that are […]
Fund Accounting Basics for Non-Profit Bookkeepers
Introduction There are about 1.9 million registered nonprofit organizations in the United States. (learning.candid.org). These groups comprise, together, a large sector of the U.S. economy, and this means non-profits needed an entirely different accounting perspective than that of a business. Fund accounting is the way that non-profits will manage finances. Fund accounting manages records in […]
Tracking Sustainability Costs in Small Business Accounting
The recent SME survey from UNCTAD showed that more than eight in ten small and medium enterprises see sustainability as a meaningful business issue, yet only 7.7% of SMEs were doing sustainability reporting. Quite an inconsistency, isn’t it? And it is really where accountants and financial advisors can step up and make a difference for […]
Financial Metrics to Track During a Business Expansion
Growing a business into new B2B and B2C markets can be venturing into virgin territory. Take, for example, a mid-sized maker of green office furniture, about to open its first distribution center on the West Coast: the boardroom is abuzz with excitement, projections shine on the PowerPoint charts, and the CEO is already thinking of […]
The 2025 Tax Season Will Be Brutal for Unorganized Startups. Are You Ready?
It’s April 14, 2025, and unfortunately, your client’s founder has barged into your office carrying a shoebox of receipts. “I thought I would get these receipts organized before the filing deadline,” they say, panting, eyes darting between you and the hastily assembled, half-caffeinated tower of receipts for expenses not yet filed. Can you help them […]
In-Depth Monthly Checklist: Key Financial Documents to Pull and Carefully Examine
Having a well-organized, well-disciplined routine on a monthly basis for the collection and thorough reviewing of financial documents is a requirement for accountants and financial advisors committed to serving businesses operating in the United States. Performing such an exercise not only facilitates the month-end closing process more smoothly and efficiently but also significantly contributes to […]
