How does a business make $275,000 in profit, but end the year with a $220,000 loss? That’s the exact scenario I uncovered while onboarding a new client at Bright Line last year. On paper, things were looking good: $2.5 million in revenue, and a healthy profit margin. However, when I
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Nonprofit accounting isn’t just about balancing the books—it’s critical to the success of your organization's mission. Whether you rely on grants, donations, or earned income, the way you manage your funds directly impacts the effectiveness of your programs and services. Proper accounting practices ensure transparency, accountability, and the responsible use
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In life, there are moments and roadblocks we would never have predicted. No one plans for staff furloughs and layoffs, and no business owner expects to shut down their company, even temporarily. However, when a small business is forced to close, employees quickly become former employees. Fortunately, unemployment insurance gives
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