10 Basic Responsibilities of Nonprofit Boards
NPO
Nonprofit boards are responsible for a broad spectrum of legal and fiduciary duties. These duties range from advancing their organization’s mission…
The Back Office Blog
Looking to learn more about all things bookkeeping and accounting? Have a browse through our blog.
Importance of Directors and Officers Insurance for Nonprofit Boards
NPO
Directors and Officers liability insurance (or D&O) protects nonprofit organizations and their boards against risks not covered by general liability…
How to Read a Balance Sheet for a Nonprofit
NPO
Your nonprofit organization has a fiduciary responsibility to report the details of its financial situation to donors and funders every…
6 Key Responsibilities of the Nonprofit Finance Committee
NPO
As part of your nonprofit’s board, the finance committee has a fiduciary responsibility to oversee all financial matters, ensure they’re…
Importance of an NPO Budget
NPO
For nonprofit organizations, financial sustainability is closely tied to effective operational management. Since this includes both the timely review of…
How to Recession-Proof Your Business
Advice
With the Bank of Canada rapidly increasing interest rates to combat decades-high inflation, financial experts are forecasting a likely recession.…
10 Questions to Ask When Choosing a Payroll Service Provider
Payroll
Payroll services are a convenient way for small business owners to meet their payroll and tax filing obligations. Rather than…
Do’s and Don’ts After Raising Startup Capital
Bookkeeping
Knowing what to do after raising startup capital—and what not to do—can mean the difference between building a great company…
QuickBooks vs. Xero: What’s the difference?
Accounting
Xero and QuickBooks Online are two of the most popular and powerful accounting software solutions for small business owners. But while…
How to Improve the Billing and Collection Process for Your Dental Office
Bookkeeping
Most dental offices find it challenging to keep track of collection activities. If you see your accounts receivable (A/R) increasing,…
What to Focus on When Hiring for Your Startup After Raising Funds
Technology
It’s not uncommon for early-stage startup founders to take on multiple roles and responsibilities. Having recently raised your first round…
How to Choose Your Corporate Fiscal Year-End in Canada
Accounting
Whether you prefer the term financial, tax, or fiscal year, your company’s 12-month business cycle plays an important role in…