You can always ask your bank about your account options and use those tailored for nonprofits. Nonprofit organizations are entities organized and operated exclusively for educational, social, professional, charitable, health, or other nonprofit purposes. While[…]
Understanding unrestricted net assets is crucial for nonprofits as it provides a clear picture of their financial health and sustainability. Unrestricted net assets are the liquid, unrestricted funds that an organization has set aside to[…]
Your invoice should include a breakdown of services performed for your clients to understand exactly what they are paying for. This is especially important if you don’t work with the company’s accounting department regularly. They’re[…]
The reality is that your clients aren’t likely to pay you right away. That means, if Certified Bookkeeper paying you takes time and energy, they might put it aside for a few days—or weeks. Some[…]
Any significant, unexpected expense or decline in revenues may dip into the fund balance. Learn all the best practices of CRMs to simplify customer relationship management and elevate your bond with loyal customers. Many experts[…]
Zero-based budgeting requires you to justify every expense from scratch for each budgeting cycle. It promotes cost-consciousness and can be useful for identifying potential cost-saving measures. Activity-based budgeting allocates costs based on program activities rather[…]
