קטגוריה: Bookkeeping

After subtracting your nonprofit’s liabilities from assets, you get your net assets. As you list net assets, you must also split them into unrestricted, temporarily restricted, and permanently restricted funds. Properly managing net assets is not only about maintaining financial health but also about ensuring that the organization can fulfill its mission now and in…

Painters can focus on client projects instead of managing receipts or chasing unpaid invoices. Organized finances ensure taxes are filed correctly and on time, avoiding unnecessary penalties. Consistent bookkeeping practices tailored to painting businesses create financial clarity and pave the way for operational success. This approach saves time and provides valuable insights that support more…

The balance sheet is also referred to as the Statement of Financial Position. Usually financial statements refer to the balance sheet, income statement, statement of comprehensive income, statement of cash flows, and statement of stockholders’ equity. In the past, many companies included group health, dental, vision, disability, and life insurance in the benefit package provided…