Bookkeeping

How Far Back Can IRS Audit? Everything You Need to Know

Audits can result from participant complaints, inter-agency referrals, responses contained in the Budgeting for Nonprofits plan’s Form 5500 or from the random selection of the plan for audit. See the…

Bookkeeping

Bank Reconciliation Statement: Examples and Formula

A bank reconciliation will also detect some types of fraud after the fact; this information can be used to design better controls over the receipt and payment of cash. Bank…