When a business has too many expenses, it concentrates on debt repayment and reducing recurrent costs. Any expense incurred to purchase a capital asset is Continue Reading
To calculate and compare net credit sales, you need to use a consistent time frame, such as monthly or the first quarter. This way you Continue Reading
Temporarily restricted assets or funds are those that are earmarked by the donor for a specific purpose and cannot be used for anything else. Sometimes, Continue Reading
All of our content is based on objective analysis, and the opinions are our own. Nevertheless, modern bookkeepers are doing exactly the same as the Continue Reading
When you enter information into a journal, we say you are journalizing the entry. Journaling the entry is the second step in the accounting cycle. Continue Reading
This plan covers initiating fundraising activities, legal compliance, and assessing budgetary elements. A slide is an indispensable tool for development directors, fundraising teams, and board Continue Reading
Dividends Payable is classified as a current liability on the balance sheet, since the expense represents declared payments to shareholders that are generally fulfilled within Continue Reading
The agency has 20 field offices located across the U.S. and 12 attaché posts abroad. While no system is perfect, these five strategies can help Continue Reading
Using the above-given data, we will first calculate calculate the total variable cost. Knowing your average variable cost can help you make smart calls about Continue Reading
To make a journal entry, you enter the details of a transaction into your company’s books. In the second step of the accounting cycle, your Continue Reading