Category: Bookkeeping

Furthermore, charity watchdogs such as GuideStar and Charity Navigator often consider nonprofit financial reports when rating profiles on their website. Having clear Accounting Services for Nonprofits: Benefits and How to Choose the Right Provider and accurate statements can go a long way toward establishing trust in potential donors looking for new organizations to support. Your nonprofit statement of activities…

For example, a craft brewer might send out a planned PO when they get down to their last pallet of bottles. An example of how to raise a purchase order using purchase management software. This article breaks down what a purchase order is, how purchase orders are managed in modern business, and the steps to…

This will require prioritizing program delivery goals and setting organizational financial goals. This is a good time to review the current year’s actual income and expenses against the budget. Boards should analyze variances and consider if there will be any impact on the upcoming budget. This is also a prime opportunity to clarify the annual goals from…

Develop contingency plans to address potential financial challenges, such as funding cuts or unexpected expenses. Establishing reserve funds, building reserves and identifying alternative revenue sources for functional expenses can provide a cushion during unforeseen circumstances. FP&A software empowers leadership with the insights they need to make smart, mission-driven, informed decisions now. It’s not just about…

Understandably, few companies issue this type of shares, since investors are unlikely to buy them, except at a large discount. As with convertible bonds, preferreds can often be converted into the common stock of the issuing company. This feature gives investors flexibility, allowing them to lock in the fixed return from the preferred dividends and,…

Oregon also offer exemptions but in the form of credits and subtractions to offset taxable income. The rate depends on the tax rate approved by local voters and the limits established by the Oregon Constitution. Most properties are taxed by a number of districts, such as a city, county, school district, community college, fire district…