Bookkeeping

Nonprofit’s Statement of Activities: with and without donor restrictions Business Forms

You’re required by FASB 117 to report your expenses by functional classification, meaning you’ll need to at least split up your expenses by administrative, fundraising, and program costs. Keep in mind that the precision and accuracy of these figures are essential for a clear understanding of your organization’s financial health and operations. For this example, […]

Nonprofit’s Statement of Activities: with and without donor restrictions Business Forms Read More »

Nonprofit’s Statement of Activities: with and without donor restrictions Business Forms

You’re required by FASB 117 to report your expenses by functional classification, meaning you’ll need to at least split up your expenses by administrative, fundraising, and program costs. Keep in mind that the precision and accuracy of these figures are essential for a clear understanding of your organization’s financial health and operations. For this example,

Nonprofit’s Statement of Activities: with and without donor restrictions Business Forms Read More »

Nonprofit’s Statement of Activities: with and without donor restrictions Business Forms

You’re required by FASB 117 to report your expenses by functional classification, meaning you’ll need to at least split up your expenses by administrative, fundraising, and program costs. Keep in mind that the precision and accuracy of these figures are essential for a clear understanding of your organization’s financial health and operations. For this example,

Nonprofit’s Statement of Activities: with and without donor restrictions Business Forms Read More »

Nonprofit’s Statement of Activities: with and without donor restrictions Business Forms

You’re required by FASB 117 to report your expenses by functional classification, meaning you’ll need to at least split up your expenses by administrative, fundraising, and program costs. Keep in mind that the precision and accuracy of these figures are essential for a clear understanding of your organization’s financial health and operations. For this example,

Nonprofit’s Statement of Activities: with and without donor restrictions Business Forms Read More »

IRS releases tax inflation adjustments for tax year 2026, including amendments from the One, Big, Beautiful Bill Internal Revenue Service

Most tax return preparers provide outstanding and professional tax service. The IRS’s Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs offer no-cost basic tax return preparation to qualified individuals. Up to three state returns can be filed for free using MilTax. If you’re comfortable preparing your own taxes, you can

IRS releases tax inflation adjustments for tax year 2026, including amendments from the One, Big, Beautiful Bill Internal Revenue Service Read More »

What is Mark to Market? Mark to Market margin in futures, options, and derivatives

In personal accounting, understanding Mark to Market (MTM) can be extremely valuable, especially if you hold investments or other financial instruments that fluctuate in value. Lastly, fund managers rely heavily on MTM for accurate valuations of the fund’s assets, which directly affect the price of fund shares that investors buy and sell. In accounting standards,

What is Mark to Market? Mark to Market margin in futures, options, and derivatives Read More »

The 5 best accounting software & tools for startups in 2026

The integration of information technology into accounting is transformative. These technological advancements have a profound impact on the technology industry, necessitating tailored accounting rules and compliance with specific regulations. Advanced digital tools and platforms offer capabilities that were once unimaginable, such as real-time financial analytics, automated bookkeeping, and cloud-based access to data. Leveraging these technologies

The 5 best accounting software & tools for startups in 2026 Read More »