Author name: Adam Dimm

Before you can develop an accurate budget, you’ll need to gain a clear understanding of the nonprofit’s financial situation. This will require examining your past budgets, current assets and liabilities, cash flow, and fundraising performance. You can keep all the information in one sheet, or break it up into different pages. A nonprofit budget template […]

Lawyer financial reporting provides insight into the firm’s financial health, highlighting key performance metrics like profit margins, client billings, and outstanding receivables. Accurate financial reports are essential for informed decision-making and compliance with tax regulations, ensuring sustainable growth for the firm. Taxes are necessary, but planning ahead can make them easier to pay. A lot

The nominal interest rate is the stated rate without considering compounding, while the effective interest rate considers the compounding periods. After completing these steps, your Excel spreadsheet will show the effective interest rate based on the nominal rate and the number of compounding periods you entered. In this section, we’ll walk through the steps to

Additionally, our team of CPAs is augmented with some experienced CFAs on our financial services team. This team helps put together projections and financial models that are used in fund raising and exits. Our combined CPA and CFA expertise not only enhances the quality of your financial forecasts but also instills confidence in potential partners