Bookkeeping

Nonprofit Financial Statements

Each accounting period, your revenue and expenses from the income statement are “closed out” into retained earnings. Most registered nonprofits operate on the same principles as a small business, with fixed and variable cost components.…

Statement of Retained Earnings with Examples

And there you have it, the plot thickens and resolves with Widget Inc.’s retained earnings soaring to $22,000, post-dividend distribution. Since the price per share is higher than the par value, to get the value…

1 3 Calculating the Present Value Mathematics of Finance

In the context Bookkeeping for Etsy Sellers of evaluating corporate securities, the net present value calculation is often called discounted cash flow (DCF) analysis. It’s the method used by Warren Buffett to compare the NPV…

Job Costing Meaning, Examples, Types, Features, Mechanism

It cannot account for unexpected costs, and it may not be useful for fast-paced and cost-efficient jobs. Advertising Firms – Marketing and advertising costs may include rent, office supplies, computer software, utilities, internet services, and…

How to Create a Nonprofit Operating Budget + Free Template

For this reason we wait until after all the direct allocations are completed before we turn to allocating the indirect costs. The two most common methods for allocating indirect costs to programs are percentage of…