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Understanding these statements is key to making informed financial decisions for your business. So the next time you're crunching numbers, remember the balance sheet gives you the big picture, while the P&L tells the story of your financial journey. If you feel like you're constantly making decisions in the dark about your business finances, that's where I come in! Book a call to get started today! https://lnkd.in/eJrpuDDH #BalanceSheet #ProfitAndLoss #NonProfit #NonProfitBusiness #Charity #SupportLocal #NGO #ForaCause #CommunityOutreach #bookkeeping #accounting #enrolledagent #taxes #ChapelHillBookkeeper #ChapelHillAccountant #NorthCarolinaBookkeeper #NorthCarolinaAccountant #ReQoncileFinancials

Manage your finances better with ExpensePlus, an efficient, streamlined financial accounting software designed for Churches and Charities.

Are you doing your own bookkeeping? Can you honestly say you have true visibility of your finances? 🤔 It's easy to get caught up in the day-to-day tasks and neglect the crucial aspect of financial clarity. Here’s a quick check-in: Are your financial statements up-to-date? Do you have a clear picture of your cash flow? Are you confident in your ability to forecast future expenses and income? Many Charities manage their bookkeeping themselves, but without expert insight, it’s challenging to gain a comprehensive view of your financial health. Accurate, real-time financial data is vital for making informed decisions, planning for the future, and ensuring your Charity stays on a solid foundation. If you’re unsure about the state of your Charities finances or feel overwhelmed by the paperwork, it might be time to consider professional bookkeeping services. DM me the word 'help' if you would like a no obligation call with us. #charity finance #bookkeeping #charity bookkeeping

Unlocking the Power of Financial Clarity! 💼✨ Dive into a world where numbers meet impact with our expert bookkeeping services. From meticulous tracking to strategic planning, we're your partners in financial transparency and success. Let's drive change together! 💚 #ngo #charity #finance #uk #Global #bookkeeping #nonprofit

It's not too late in the year to vow to keep your financial records meticulous. Start today and set aside time each week to update your books and review your financial health.  Updated books mean you won't be scrambling at the eleventh hour to find receipts or remember transactions from months ago. #TaxTip #FinancialTip #NonProfit #NonProfitBusiness #Charity #SupportLocal #NGO #ForaCause #CommunityOutreach #bookkeeping #accounting #enrolledagent #taxes #ChapelHillBookkeeper #ChapelHillAccountant #NorthCarolinaBookkeeper #NorthCarolinaAccountant #ReQoncileFinancials

Qualified charitable distributions can benefit you and your favorite charities. Here’s how to unlock the power of giving: https://bit.ly/3VYK8R7 #accountant #accounting #accounting software #accountingmadeeasy #tax #taxadvisor #CPA #quickbooks #advisory #payroll #payrollsolutions #quickbookstraining #accountingtraining #understandingfinancialstatements #businesssolutions #businessaccounting #payrollcompliance #loganaccounting #cachevalleyaccounting #smithfieldaccounting

Whether you’re just getting started or looking to refine your existing processes, these bookkeeping tips will help you develop a streamlined system that can grow with your business. Our goal is to empower you with the financial knowledge and tools you need to succeed.  #BusinessTips #BusinessHelp #NonProfit #NonProfitBusiness #Charity #SupportLocal #NGO #ForaCause #CommunityOutreach #bookkeeping #accounting #enrolledagent #taxes #ChapelHillBookkeeper #ChapelHillAccountant #NorthCarolinaBookkeeper #NorthCarolinaAccountant #ReQoncileFinancials

Robust financial management boosts charity impact. Need help with your charity's accounting? 💼 Let's enhance your financial transparency. Reach out for expert guidance! #CharityStrength 👉🏻 aeaccountax.co.uk

Now that quarter end for a few clients is over (at least the accounts part is, the reporting to trustees part is coming up) I was reflecting on a few of the things we picked up this time around. There was an underpayment a client had made to HMRC, the sooner we picked it up the less the interest charge was. There was some accrued income that hadn't been invoiced, without our prompting it wouldn't have been invoiced and that would be income lost. There were duplicate expense claims submitted that we tidied up. There was income that should have been accrued according to a grant agreement but wasn't. There was expenditure allocated to the wrong funder which we moved around to make the best use of the available funds. Thinking about recent debates about how much charities spend on overheads and the pressure to keep overheads low, yes, finance is an overhead cost. But without a strong finance team you'll pay the wrong amount to HMRC and end up paying interest, you'll forget to invoice and miss out on real cash income, you'll have multiple little errors in your numbers and you'll use the funding you've been given incorrectly because you don't have good records. Off to polish my halo now 😇

As the end of the year approaches, many people give more thought to supporting charities they favor. To avoid losing valuable charitable deductions if you itemize, you'll need specific documentation, depending on the type and size of your gift. Check out this article for a breakdown of the rules: https://lnkd.in/e4nDfT3e #certifiedpublicaccountant #cpa #accountant #accounting #taxplanning #tax #taxes #accountants #financials #taxconsulting #cpasolutions #pgh #pittsburgh #casesabatini #finance