Welcome to the November newsletter! As we enter into Thanksgiving season, we are extremely grateful for the opportunity to help small businesses and nonprofit organizations grow and succeed. Your success is our success.

FEATURED ARTICLES:

• Understanding the Statement of Cash Flows and its benefits: The statement of cash flows many not receive the level of publicity that the other two basic financial statements ( the balance sheet and income statement) receive. However, it is a very important financial statement and should be thoroughly reviewed and analyzed in assessing an entity’s financial health. Read more.

• Ten tips for a successful audit: With the end of 2024 less than a month away, organizations with a calendar year end and subject to a financial audit, will begin gearing up for their annual audit in just a few months. The audit process can be can prove to be a time of great stress for many organizations, however this need not be the case. Read more.

• How to ensure effective nonprofit Board oversight: If a nonprofit board is ineffective in its oversight role this could negatively impact the growth and success of the organization, and its ability to achieve its mission. There are steps a nonprofit organization should take to ensure that its board is effective in its oversight role. Continue reading.