by Pentacle-nextSteps | Jan 24, 2022 | 501(c)3, Accounting, Financial Resources
Understanding 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 is an all-inclusive statement because it includes the inflow and outflow...
by Pentacle-nextSteps | Jan 13, 2022 | 501(c)3, Accounting, Financial Resources
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 Sheet is an essential tool used by organizational leaders, Board of...
by Pentacle-nextSteps | Sep 3, 2021 | 501(c)3, Accounting, Financial Resources
How to create your own bookkeeping system for arts businesses Managing your organization’s finances can tend to be overwhelming. Who gave us funds for what? Who is getting paid for their services? How do I show a final report to stay compliant with the grant I...
by Pentacle-nextSteps | Aug 20, 2021 | Accounting
What is an Independent Contractor? What types of professions work as Independent Contractors? In the professional services world, we know that lawyers, doctors, accountants, and others often provide their services to the general public as independent contractors....
by Brittany Couch | Aug 13, 2021 | Accounting, Fundraising
3 Accounting Terms Every Artist Should Know These terms are essential for artist accounting Chart of Accounts It is important that your organization’s money moves are informed and precise. In coordination with your Budget and Financial Reports, a consistent...
by Pentacle-nextSteps | Jan 23, 2021 | Accounting
5 Questions to Ask your Auditor What are the key questions to ask an independent auditor? Nonprofits are required to obtain an audit or review each year, depending on their budget size. The first step in any nonprofit audit or review is contacting an...
