Internal Controls in a Remote Environment

Internal Controls in a Remote Environment

Occupational fraud continues to challenge nonprofit organizations.  According to the 2020 Report to the Nations by the Association of Certified Fraud Examiners (ACFE), the median loss to the reported nonprofit organizations was $75,000 and the average loss was...
Business Health Checkup: Current Ratio

Business Health Checkup: Current Ratio

Periodically we will highlight a ratio or benchmark and demonstrate how you can use it to better understand your business The disclaimer: Benchmarks and ratios, blindly applied, can be dangerous. Benchmarks can be useful in understanding areas to investigate, but it’s...
Business Health Checkup: 5 Tips to improve cash flows

Business Health Checkup: 5 Tips to improve cash flows

One of the most important aspects of maintaining a healthy business is ensuring that the business has strong cash flows. The cash conversion cycle (CCC) is the time span between a business disbursing and receiving cash. The cycle can begin in a variety of ways...