Bookkeeping

The Better Business Bureau recommends that nonprofits spend under 35% of their funding on fundraising efforts and spend at least 65% on programs. A nonprofit

A systematic approach to predicting revenue and expenses builds a strong financial foundation. A well-planned budgeting process is key to your nonprofit’s success. Nonprofits fund

Some months also end up having three pay periods instead of gross vs net two—making your annual total closer 26 or 27 and sometimes pushing

In a real-world scenario, the impact of LIFO can be even more pronounced, especially for companies dealing with commodities or products subject to significant price

Ultimately it is important to do research when considering hiring a tax preparer and make sure you understand what their fees are before beginning work

All payables go through a classification step called General Ledger (GL) coding. GL coding is an exhaustive process that helps identify a broad range of

The amount on the equity contra account is deducted from the value of the total number of outstanding shares listed on a company’s balance sheet.

Insurance and https://namesbluff.com/everything-you-should-know-about-accounting-services-for-nonprofit-organizations/ legal compliance costs are mandatory to safeguard the organization against potential liabilities. Not only do they protect the organization, but they also

Deficits can be difficult for nonprofit organizations to overcome because they are heavily dependent upon the generosity of donors to stay afloat. Even with all