Today, the average salary for a bookkeeper in the U.S. is $45,160, the average controller earns $104,338, and the median CFO salary is $393,377. By comparison, outsourced accounting services typically cost a fraction of these rates and deliver better results. Let’s take a look at some common outsourced accounting myths and explore how …

Our article on business bookkeeping basics gives you more information on how to do bookkeeping and why. Typically, you’d only get detailed financial statements like this through a CFO — which means Merritt gives you some of the best aspects of having a CFO without the high cost. At some …

The other levels of activity that are accounted for by activity-based costing are unit-level activities, customer-level activities, production-level activities, and organization-sustaining activities. Activity Based Costing (« ABC ») is an approach to solve the problems of traditional cost management systems which are often unable to determine accurately the actual costs of production …

Our Controller Services are designed and built for those that have more sophisticated requirements than just accounting services. Quadrant is committed to aiding nonprofits in their vital roles, focusing on fortifying their financial groundwork to support community development and positive change. As an added benefit to nonprofit leaders and their …

In the event that something doesn’t match, you should follow a couple of different steps. First, there are some obvious reasons why there might be discrepancies in your account. If you’ve written a check to a vendor and reduced your account balance in your internal systems accordingly, your bank might …

While more complex than variable costing, absorption costing gives managers and investors a clearer view of product profitability. The main advantage of absorption costing is that it complies with generally accepted accounting principles (GAAP), which are required by the Internal Revenue Service (IRS). Furthermore, it takes into account all of …

Budgeting is an important part of every business whether it’s for-profit or not. Since churches don’t bring in as much revenue as other businesses, budgeting can be even more crucial. It’s not just about keeping the lights on (which your congregants will appreciate). All of the above software would be …