As a business owner, it's important to understand the FDIC limits for your deposits.What is FDIC? The Federal Deposit Insurance Corporation (FDIC) is an independent agency that provides insurance coverage for deposits made at FDIC-insured banks in case of bank failure. FDIC insurance is a …
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Non-Profit Bookkeeping: The Basics
For the most part, non-profit bookkeeping is very much the same as traditional for-profit bookkeeping. There are a couple of things of fundamental differences that separate the two. These differences include tracking donations, reporting, non-restrictive and restrictive funds.Tracking donations …
6 Essential Tools for Paperless Bookkeeping Offices
Is there such a thing as a paperless office? I don’t know how any office can be 100% paper-free, but at Open Roads Bookkeeping we try our best to keep paper to a bare minimum. There are a few tools and tricks that we use to help us calm the clutter.Online bank statementsBank statements are …
