It also outlines the reporting, filing, and notification requirements related to a nonprofit’s activities. In addition, this code discusses the circumstances in which a nonprofit organization will be liable for taxes, penalties, and other charges. A cloud accounting software that allows you to access your data on any device. They offer unlimited invoices, income and […]

However, you should consider a few unique factors when budgeting for a nonprofit. She also put personal expenses on the nonprofit’s credit card and issued checks to herself. Features include volunteer application forms, training tracking, email communication, scheduling and reporting. Reliable text software capable of sending a variety of different campaigns including quizzes, surveys, coupons, […]

We have a growing range of accounting tutorials on the site; please let us know what you think. Prepaid expenses are payments made in advance for goods or services that will be received or used in the future. This is the more common payment arrangement, where tenants deliver their rent at the end of each […]

The difference between the purchase price and par value is the investor’s interest earned on the bond. To calculate the value of a zero-coupon bond, we only need to find the present value of the face value. Carrying over from the example above, the value of a zero-coupon bond with a face value of $1,000, […]