For nonprofits, understanding the distinction between restricted and unrestricted funds is more than a matter of good bookkeeping—it’s essential to maintaining donor trust, ensuring compliance, and preserving your organization’s long-term mission. Misunderstanding or misreporting fund classifications can result in reputational damage, legal complications, and strained...
In accounting, no two years ever look exactly the same. As technology evolves, client needs shift, industries adapt, and new regulations emerge, the professionals who thrive long-term are rarely the ones relying solely on what they learned years ago. Instead, they are the ones willing to...
In today’s nonprofit landscape, organizations are increasingly exploring strategic mergers to expand reach, reduce overhead, or increase programmatic impact. Whether driven by economic pressures, mission alignment, or leadership transitions, mergers can be powerful tools—but they also come with complex financial implications. Before committing to a merger,...
In the competitive world of independent pharmacies, knowing how your business stacks up against similar operations is critical for informed decision-making and long-term growth. Pharmacy benchmarking provides valuable insights by comparing key financial and operational metrics against industry peers. This process can reveal strengths, uncover weaknesses, and...
Ross Stremme II joined Blackman & Sloop in September 2024 as an Assurance Senior Manager and has quickly made an impact across the firm. From his first interactions, Ross felt a genuine connection to the team, noting how welcoming and thoughtful everyone was throughout the...
Here is what the firm has been up to since our last newsletter.New Hires:We are pleased to welcome two new team members to Blackman & Sloop:Scott Grogan joined the team as an Audit Manager.Maclain Coords joined the team as a Tax Associate.We are glad to...
After revenue, and even after gross margin, there’s one phrase business owners say more than almost any other: “We’re profitable… so why does cash still feel tight?” It’s a fair question. And an incredibly common one. Because profit and cash flow are related — but they are not...
The nonprofit sector stands at a pivotal moment. Increasing social needs, economic uncertainties, and evolving donor expectations are reshaping philanthropy’s landscape. In this environment, the ability of nonprofits to sustain their missions hinges not just on passion or goodwill but on sophisticated financial strategies that...
For many students, the moment they hear “CPA,” their minds go straight to the exam. The focus quickly turns to review courses, testing windows, and pass rates. It is easy to assume that becoming a CPA begins with scheduling that first section. But the exam is...
In today’s fast-paced pharmacy environment, operational efficiency is crucial—not only for customer service but for managing your financials effectively. Many independent pharmacy owners rely on manual processes, spreadsheets, or outdated software that can slow down accounting workflows, increase errors, and limit financial visibility. Upgrading your technology isn’t just...
