What is a Chart of Accounts (COA)?
May 14, 2024
What is a Chart of Accounts (COA)? Why is a Chart of Accounts (COA) important for your bookkeeping practices? A Chart of Accounts (COA) is a list of the accounts that an organization has identified...
Financial Audit Vs. Financial Review
May 1, 2024
Key Differences Between a Financial Audit & Financial Review A financial audit and review are two different types of financial assessments conducted by professionals to evaluate the accuracy and...
Determining Pay Rates for Your Team
June 12, 2023
Considerations for Determining Pay Rates Determining How Much to Pay Your Team Pentacle recommends using the W.A.G.E. calculator to get a sense for how much established institutions are paying for...
Top CRMs for Non-Profit Entities
May 22, 2023
Top CRMs for Non-Profit Entities Salesforce Salesforce is a widely used CRM system that offers robust features and customization options. Nonprofits can use Salesforce’s Nonprofit Success Pack...
What is a Board of Directors and What to Consider When Creating One
May 22, 2023
What is a Board of Directors and What to Consider When Creating One What is a Board of Directors? A board of directors is a group of individuals who are elected to govern and oversee the...
Workers Classification in the Performing Arts: Why Does It Matter?
May 19, 2022
Workers Classification in the Performing Arts: Why Does It Matter? NEXTSTEPS GUEST WRITER: STEFI GEORGE How You Classify Workers Can Make a Big Difference for Workers Compensation and Tax...
Understanding A Balance Sheet
January 13, 2022
Understanding a Balance Sheet What is a Balance Sheet? A Balance Sheet is a financial statement that summarizes the company’s assets, liabilities, and equity at a specific point in time. The Balance...
Understanding A Profit and Loss Statement?
January 7, 2022
Understanding A Profit and Loss Statement What is a Profit and Loss Statement? A Profit and Loss Statement (P&L) is a financial statement that measures the revenues, costs, and expenses incurred...
Employee versus Independent Contractor
August 20, 2021
Employee vs. Independent Contractor What’s the difference between an employee and an independent contractor? The payment for an independent contractor is performance-based and is determined by the...
5 Questions to Ask When Hiring an Intern
January 23, 2021
5 Questions to Ask When Hiring an Intern It’s key to ask an intern these questions before hiring them. Here are a few questions for employers to ask a potential intern, in order to learn...