Bookkeeping

The two main types of nonprofit revenue are contributed revenue and earned revenue. Nonprofit financial statements are useful to donors and contributors to show that your nonprofit has efficiently allocated resources. Statements of activities are useful in assessing the services provided by your organization, its ability to continue those services, and how managers have performed their stewardship responsibilities. Most nonprofits share…

Self-employed individuals, freelancers, and independent contractors use pay stub generators to create income records for tax filing and as financial transactions. While these amounts add to your total income on the pay stub, they’re usually excluded from the gross income reported on the W-2 since they aren’t subject to federal income tax. If you’re an employee, you can usually access…

One benefit is that because the control is the result of a configuration, they generally do rely on an individual to operate consistently. That being said, it is always a good idea normal balance to periodically check to confirm that the configuration has not been disabled for any reason or the configuration has not been modified. A third example could…

If cash flow is allowed, paying invoices ahead of schedule can reduce costs and build goodwill with suppliers. While this can help in the short term, it may also point to a cash flow issue—especially if you’re struggling to pay bills on time or relying heavily on incoming payments to stay afloat. Anything between 6 and 10 is considered a…

If cash flow is allowed, paying invoices ahead of schedule can reduce costs and build goodwill with suppliers. While this can help in the short term, it may also point to a cash flow issue—especially if you’re struggling to pay bills on time or relying heavily on incoming payments to stay afloat. Anything between 6 and 10 is considered a…