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​In Pursuit of Profit

Read our expert article below or sign up to get articles sent to your inbox.​

2/24/2025

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Closing the Books for Businesses That Are No Longer Operating

 
Closing the Books for Businesses That Are No Longer Operating
When preparing for business operations to cease, there are numerous factors to consider, including closing the books. Ensuring the final close is done accurately is crucial for protecting financial interests and complying with business regulations.

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2/18/2025

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What does a Nonprofit Accountant Do?

 
nonprofit-accountant-job-description
​Most nonprofit leaders understand that nonprofit accounting is different than for-profit accounting. However, if they’re being honest, they may not entirely understand how it’s different, nor could they necessarily explain exactly what their nonprofit accountant does.

And yet, having this kind of information is critical for many reasons, including:
  • Overseeing staff across the areas of accounting and finance.
  • Hiring into the role to replace your former accountant or meet the increasing demands of a growing organization.
  • Articulating the benefits of using a third-party accounting service or employing in-house accounting staff to key stakeholders.
  • Maintaining credibility with donors, sponsors, and partners.
  • Upholding internal controls to safeguard the organization against errors and financial malfeasance.
  • Obtaining funding through public and private grants.

​Now that you know why understanding the role is so important, let’s dive into what a nonprofit accountant does so you can be better informed!


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2/11/2025

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Will Your Outsourced Accountant Succeed or Fail?

 
When you are considering whether to use an outsourced accounting solution there are always questions around what to expect in terms of results.
hiring-an-outsourced-accounting-company
​
  • Will an outsourced accountant be qualified to handle our company’s specific financial needs?
  • Will they work well with the rest of our staff and leadership – completing deliverables, meeting deadlines, and interacting effectively?
  • Will they be available when we need to talk to them and explain things in a way that’s easy to understand?
  • Will they implement accounting policy and procedure improvements to benefit the overall organization?
  • Will they be committed to the future growth of our business?

These are all examples of the types of questions business leaders ask when evaluating whether to outsource and deciding which accounting company to choose when they do. Most of these are predicated on the idea that finding the best accounting company or the best accounting consultant will be the “golden ticket” to finding success. Why? Because business owners too often assume that using a top accounting company with the most experienced team of accountants is automatically going to guarantee their success.
​
And, while it is true that you’ll likely have a greater chance of success when using a well-rated and reputable accounting company, it doesn’t necessarily ensure that you’ll achieve the outcome you’re hoping for on its own. Something else is required to increase the likelihood that your accounting engagement will be successful – good communication!

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2/5/2025

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Recruiting Market Report - January 2025

 
​Find out what we are hearing from candidates and clients and get our predictions for the future of the hiring market in the January 2025 edition of The ASP Team Market Report:
Quinn-Finnigan
Quinn Finnigan - Recruiting Services Leader
Joss Stokke
Joss Stokke - Recruiting Services Leader

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2/4/2025

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You’re Thinking about Culture and Hiring All Wrong

 
culture-add-in-hiring
How important is a culture fit in hiring? As it turns out, it isn’t!
In almost a decade as an accounting/finance recruiter I’ve gradually come to realize something is far more important than finding the right cultural fit for your organization. I’d like to make the case for hiring for a “culture add” rather than a “culture fit.” 


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