Ever been surprised by the balance in your bank account? Have you ever wondered, “Where did my money go?” or “How did my balance get so high?” If you’ve found it challenging to identify the reasons behind these changes, personal financial statements can help. They’re an easy way to track...
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Navigating the challenges that not-for-profit organizations face in their day-to-day operations can lead to unnecessary frustrations for staff, board members, and volunteers. Below are three of the biggest challenges not-for-profit organizations face. Tracking and Fulfilling Donor Restrictions: When a donor sends a donation to a not-for-profit organization, they can restrict...
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In an age where cash and wire fraud are increasingly more common, having strong internal controls over cash has become even more important. To help eliminate fraud risks, consider the following strategies: Perform Bank Reconciliations: On a monthly basis, review the transactions hitting the bank account and reconcile the activity...
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Employees are critical to an organization’s network security. They are frequently exposed to sophisticated phishing and ransomware attacks. Did you know, 91% of successful data breaches started with a spear phishing attack? Employees should be educated so they know what to look for and can remain vigilant with security as...
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Effective starting January 1, 2024, Minnesota now requires employers to provide eligible employees with time off for those who work in the state of Minnesota. This only applies to employers who have existing sick time policies which do not meet or exceed the new requirements. The paid leave can be...
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