Sunday, July 15, 2018

Time In Children’s Arts Initiative - Empowering Children through Art

An alumnus of New England College with a bachelor of arts in business administration with concentrations in accounting and computer technology, Eric Greenfield is principal and lead consultant at Bookkeeping Manhattan in New York City. Community involved, Eric Greenfield supports a number of nonprofits, including the Time In Children’s Arts Initiative. 

The Time In Children’s Arts Initiative seeks to provide equal access to the arts for chronically disadvantaged students in the South Bronx and Harlem, New York. Believing that children respond better to participation in real-world activities than punitive time-outs, Time In engages students in the arts during the regular school day, giving them positive reinforcement to help them become knowledgeable creators and ultimately active participants in their local community.

One of Time In’s transformative programs is Arty Readers, where students learn sequential drawing techniques similar to those used in the Japanese art of manga. The program also exposes students to one musical piece and its corresponding literary text each semester. With a 5:1 student-to-teaching artist ratio, the program ensures that every child benefits from as much teacher interaction as possible. 

To learn more about the Time In Children’s Initiative and its programs, visit

Thursday, July 5, 2018

New England College to Merge with New Hampshire Institute of Art

Since 2013, Eric Greenfield has led Bookkeeping Manhattan as principal and lead consultant. Also experienced in real estate management, he assists with managing operations at W 38th Street Associates, a New York City-based real estate business. Eric Greenfield holds a bachelor of arts in business administration from New England College, which recently announced a merger with New Hampshire Institute of Art

New England College and New Hampshire Institute of Art have entered into an agreement to complete a merger by October 1, 2018. Designed to make administrative services more efficient while improving academic programs, the merger will especially benefit undergraduate and graduate programs in the areas of art, design, education, and writing. 

Prior to October 1, the two institutions will work through details related to accreditation, enrollment operations, student services, finance, and human resources. Both institutions stand to benefit from streamlined operations and joint marketing that can boost enrollment and expand offerings in numerous academic programs.

Friday, May 11, 2018

New York City Mayor Plans to Launch Property Tax Commission

A business graduate with a focus on accounting from New England College, Eric Greenfield brings over a decade of experience to work in his family’s real estate business in New York City. Additionally, Eric Greenfield serves as the principal and lead consultant for Bookkeeping Manhattan. guiding his real estate clients in their transactions and investments. Through these positions he has gained substantial experience with local real estate and real estate taxes.

Over the past few years, the issue of property tax reform in New York City has become a hot topic. Civic groups such as Tax Equity Now New York (TENNY) have argued that the tax burden falls disproportionately on lower-income property owners, while wealthier property owners do not pay their fair share. Because nearly half of New York City’s operating revenue comes from property tax collections, the issue has gained a great deal of attention.

In response to the discussion, Mayor Bill de Blasio plans to put together a commission to study the possibility of tax reform by the end of April 2018. The commission will look at inequities within the current system as well as suggestions such as a recent proposal to provide $400 tax rebates to property owners below a certain income threshold. The mayor has stated, however, that any changes to the property tax structure must be revenue-neutral.

Wednesday, April 25, 2018

The Elements of a Balance Sheet

Over the course of his career, Eric Greenfield has offered bookkeeping and accounting services to numerous businesses in different industries. For these businesses, Eric Greenfield prepares financial statements that include balance sheets and profit and loss statements. 

The balance sheet is one of the main components of a company’s financial reports. It gives an overview of the company’s financial position. The balance sheet has three essential components: assets, liabilities, and equity. 

Assets are what the company owns. They are possessions that have value and are often used to generate revenue. They include inventory, land, buildings, machinery, and receivables. Assets are split into current and non-current assets. Current assets can be converted into cash in one year (receivables) while non-current assets are more permanent in nature (land and buildings). 

Liabilities are what the company owes to suppliers, creditors, lenders, and tax authorities. They are split into current and non-current liabilities. Current liabilities are due for payment within a year while non-current liabilities have a longer maturity date. 

Equity is the difference between assets and liabilities. It usually represents funds by shareholders and retained earnings. 

The relationship between the three is expressed as assets equal liabilities plus equity.