Almost every business will, at some point, hire employees, whether when an existing employee hands in their notice or when the workload has increased to a point where cu...
Non-Profit Audits versus Reviews: Key Differences Your NPO Should Know About
NPO
Not-for-profit organizations (NPOs) have different legal obligations than for-profit organizations regarding financial statements and reporting. Not-for-profit organizat...
The Do’s & Don’ts of Fundraising for Startups
Bookkeeping
Building a successful startup isn’t easy, and lack of funding is one of the primary reasons startups fail within the first few years. In fact, a survey by CBInsights o...
Income Statements for Small Business Owners
Accounting
With the cash flow statement and balance sheet, the income statement is an essential financial report that your business should use to monitor its perform...
How to Effectively Report Financials to Non-Profit Boards
NPO
Non-profit boards tend to include members with a variety of skills and interests. However, while many of these skill sets are valuable for organizational oversight, non-...
5 Tips to Improve Cash Flow for Your SaaS Business
Bookkeeping
New customer subscriptions are the number one growth activity for almost all SaaS business owners. But with great growth comes great responsibility, especially rega...
Six Ways to Reduce Business Expenses for Your SaaS Company
Bookkeeping
As a SaaS business owner, bookkeeping probably isn't your biggest priority, nor should it be. Your focus is on running and growing your business, especially if you’re ...
How Outsourced Bookkeeping Works
Bookkeeping
Small businesses have limited resources. When the business owners are heavily involved in the company's day-to-day running, they often simply do not have the time to wor...
Four Reasons Why We Recommend QuickBooks Online for Nonprofit Organizations
NPO
At Enkel, there are a lot of great reasons why we recommend QuickBooks Online (QBO) to our NPO clients. For starters, not only is QBO the leading cloud accounting softwa...
Cash Flow: Ten Simple Planning Considerations
Bookkeeping
Keeping money in-your-jeans is something you have surely thought about as an entrepreneur. Yet somehow, cash seems to leave as quickly as it comes in. Sometimes, e...
How to Prepare Your Startup Finances for Fundraising Success
Bookkeeping
Raising capital is no easy feat for startup founders.
First Nonprofit Audit – What to Expect
NPO
Though time-consuming and expensive, nonprofit organizations are often required to conduct audits. External audit requests can be made by governing bodies —such as the...