by bharat_m | Nov 8, 2024 | Bookkeeping
These examples provide a glimpse into the various types of period costs that businesses commonly encounter. It is important for companies to track and record these costs accurately to assess their overall financial health and make informed decisions about cost... by bharat_m | Jun 6, 2024 | Bookkeeping
If you’re in charge of the finances of your non-profit organization, you need to be aware of the fact that the accounting tasks required of you will be different from those required of a for-profit company. The most practical way to keep up with accounting needs is to... by bharat_m | Jun 7, 2022 | Bookkeeping
Nonprofit cash flow statements will refer to “change in net assets” instead of “net income,” and will sometimes list cash flows that are restricted to certain uses. One major difference between the statement of activities and the income statement is that instead of... by bharat_m | Jul 6, 2021 | Bookkeeping
Explore the intricacies of contra revenue and its impact on financial accuracy, from sales returns to discounts and rebates in reporting. The sales allowances account is similar in use to the sales returns account, except that it deals with allowances given against a...