Catégorie : Bookkeeping

However, it also offers a few nonstandard features such as volunteer tracking and board management. Instead of identifying these assets with the intention of distributing them to stockholders, they are intended to be reinvested into the nonprofit. Most people working at nonprofit organizations aren’t accounting professionals. Detailed financial documents, upon request, should be readily available.…

Among the many ways of accepting payments online that FreshBooks offers is the advanced payments option. It allows you to accept credit card payments in person, over the phone, and online. Debit card payments are directly linked to a tenant’s bank account. While they offer lower fees than credit cards, they still come with potential…

Investors consider both the principal amount and accrued interest when determining the fair market value of a security. This ensures that sellers receive compensation for the interest earned during their holding period, maintaining equilibrium in the market. Accrued interest is particularly important in the context of bonds and loans, where it affects pricing, trading, and…