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...
How to Create a Project Budget
April 23, 2024
How to Create a Project Budget What is a Budget? A budget is an estimate of income and expenses for a set period of time in the future. You can create a budget for your entire organization or...
How to Create an Operating Budget
April 23, 2024
How to Create an Operating Budget An Operating Budget in the Performing Arts An Operating Budget differs from a Project Budget in that it takes into account all of your project budgets, fundraising...
How to Complete a Cash Flow Statement
April 23, 2024
How to Complete a Cash Flow Statement What is a Cash Flow Statement? A Cash Flow Statement is a financial statement that tracks the movement of a company’s cash over a selected period of time. This...
Should My Dancers Be on Payroll?
April 23, 2024
Should My Dancers Be on Payroll? Legal Implications of Payroll Employees From the perspective of the New York Department of Labor, if you are a dance company and are dictating when and where your...
Creatives and Credit
April 23, 2024
Creatives & Credit Creatives & Credit Workshop with Tierra Bonds For artists and creatives looking to build good money habits, this fiscal session teaches you how to reach your credit score...
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...
Top 5 Quickbooks Set-Up Tips
January 31, 2022
Top 5 Quickbooks Set-Up Tips Managing your organization’s finances can be overwhelming and time consuming. At Pentacle, we use Quickbooks, an accounting software that helps you manage your financial...
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...