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Nonprofit

Grant Management System in Rotary Clubs: In-house or Outsourced?

Effective management of district grants, global grants, disaster response grants, and others is paramount for the success of humanitarian projects, scholarships, support relief and recovery programs, and vocational training programs. To gain measurable outcomes for these programs, it’s imperative for you to maintain a standard set of accounts, including a complete record of all invoices, […]

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Nonprofit

How to Choose the Perfect Outsourced Nonprofit Accounting Service Partner with the Right Expertise?

Over 1.7 million tax exempt nonprofits in the US, approximately 30% fail to exist after 10 years due to inconsistent fund accounting. Let’s ensure your nonprofit isn’t one of them! Financial management for nonprofits is unique in many ways. With specific financial requirements of donors, board members, and regulators, strict reporting, complex funding streams, and […]

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Retail

From Numbers to Strategy: The Changing Expectations from CFOs in Retail

The role of the CFOs in retail is rapidly changing, moving beyond traditional accounting responsibilities. Being a CFO, you cannot be reactive, defensive and overlook only financials and statutory compliance. You have to be in the front seat when it comes to retail business growth strategies like customer acquisition and retention, capital allocation, and risk […]

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Construction

Guarding Your Growth: Proactive Measures Against Construction Fraud

Being a construction company owner, you are involved in multiple projects with significant investments and tons of moving parts. Due to tight schedules, construction accounting and payment process are a mess. That’s why you often become the victim of expense padding, falsifying change orders, bid rigging, material theft, improper revenue recognition, invoice manipulation, and collusion […]

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Property Management

Why Outsourced Accounting is a Great Choice for Property Managers

Property management owners sell or rent properties; tenants buy properties. And in this process, there is constant juggling to balance tenant needs, property maintenance, marketing vacant spaces, financial tasks, and regulatory compliance Nearly 50% of all landlords manage their own properties. With the growing properties, you need to adapt multitasking to ensure seamless operations and […]

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Accounting & Bookkeeping

Power of Quality Bookkeeping: Your Shield Against Fraud

When asked, many small and medium business owners expressed significant trust and responsibilities towards their bookkeepers. And you may not be different to this. You may also feel close to your accountants or bookkeepers and believe that everything is in place. 37% of fraud is committed by company insiders. And you know what’s even more […]