Bookkeeping

As a result, investors can branch out from traditional funding routes to explore the latest developments in the digital economy. Here are a few examples of companies using blockchain to shake up the payments industry. There’s a lack of universally accepted blockchain standards in the accounting industry. This can create inconsistencies in how the technology […]

Every transaction entered in your journal involves a debit entry in one account and a credit entry in another. You should put the debit entry for a transaction on the left side of the general journal, while the credit entry will be on the right side of the journal. Having presented a good case for

Small businesses and nonprofit organizations are part of what makes this community so vibrant and interesting, and without them, Brooklyn just wouldn’t be Brooklyn. Keiter offers one of the most experienced not-for-profit service teams available. Our team members attend rigorous training, including the AICPA national not-for-profit industry conference, local training performed by an AICPA-approved not-for-profit

To qualify for 501(c)(6) status, the organization must be supported by membership dues and income related https://nyweekly.com/business/accounting-services-for-nonprofits-benefits-and-how-to-choose-the-right-provider/ to its exempt purpose. As per the 501(c) (3) organizations rules, they have to undergo an operational and organizational test to qualify under section 501(c) (3). Organizational test limits the purpose of the organization to exempt purposes. March