An investigation may determine that the company wrote a check for $20,000, which still needs to clear the bank. In this case, a $20,000 timing difference due to an outstanding check should be noted in the reconciliation. For teams on Numeric, the trial balance and supporting document total will auto-populate each month, no need to …
General Ledger Reconciliations: How to Conduct GL Recs Read More »
A Master’s in Business Administration (MBA) or Accounting (MAcc) can set individuals apart. Take self-paced courses to master the fundamentals of finance and connect with like-minded individuals. Our small business financial solutions and wave goal is to deliver the most understandable and comprehensive explanations of financial topics using simple writing complemented by helpful graphics and …
You should always have someone on the inside of your organization that oversees finances. Skill gaps, insufficient knowledge, and lack of time can all be factors that hamper your ministry team’s ability to manage your church’s money properly. When that is the case, you may need to bring in third-party support. From accounting methods to …
Certified Accountant CPA for Churches Faith-Based Nonprofits Read More »