Bookkeeping

They need to instill confidence, trustworthiness, honesty, and above approach for the organization and how resources are handled. To do this, at very least, they should know the on going projects, expenses, lump sum revenues (not names of who donated), and so on of the church’s finances. They should know which missions are struggling and …

Association of Nonprofit Accountants and Finance Professionals Fund Accounting Read More »

Change orders often arise during construction, requiring real-time adjustments to project budgets. Accurate change order tracking ensures financial records reflect the project’s current scope. Overbilling and underbilling can significantly affect job costing in a construction business. This core performance indicator helps track the progress of each job in relation to billing. Accrual basis accounting is …

The Ultimate Guide To Construction Bookkeeping Read More »

Businesses of every kind have a lot to consider when it comes to financials. There is a need to compile accurate information for the income statement and balance sheet. Plus, it’s incredibly important to monitor cash flow and where it’s coming from. Explanation of the three categories in a cash flow statement This approach provides …

Cash Flow from Financing CFF Format + Examples Read More »