Resources

Footnotes appear at the end of a company’s audited financial statements. These disclosures provide insight into account balances, accounting practices, and potential risk factors — knowledge that’s vital to making well-informed lending and investing decisions. Here are examples of key risk factors that you might unearth by reading between the lines in a company’s footnotes. […]

The Great Resignation hasn’t been so great for not-for-profit organizations. As many for-profit businesses — particularly in traditionally low-wage industries — have raised pay and hiring incentives, nonprofits have lost staffers. According to a New York Times analysis of Current Population Survey data, nonprofit employment in November 2021 was 4.8% below its prepandemic level, compared […]

When did you join Waters|Ortiz? January 4, 2021| Why did you choose Waters|Ortiz? It seemed like a great fit.  It has everything I enjoy doing in accounting with the flexibility of working from home.  I’m very thankful I was given the opportunity. What do you love most about your job/profession? I love dealing with different […]

As the pandemic persists, forecasting how your company is likely to perform over the next year can be challenging, especially when it’s unclear where the markets are heading. Accurate forecasts are critical when managing a business, therefore many companies have responded to these challenges by switching from static forecasts to rolling ones. Here’s how the transition […]

It’s a new year with new opportunities for your not-for-profit to boost its financial resilience. Although COVID-19 continues to make forecasting difficult, your staff and your board’s finance committee can take steps to negotiate obstacles. Here are three. 1. Managing reserves and cash flow Financial reserves have taken a hit across all types of nonprofits, […]