Bookkeeping

Nonprofits must determine whether the contributions are conditional or unconditional. Conditional contributions, which depend on the fulfillment of certain criteria, are not recognized as revenue until the conditions are met. This approach prevents the premature recognition of funds that may need to be returned if the conditions are not satisfied. Unconditional contributions, however, are recognized …

Statement of Activities: Reading a Nonprofit Income Statement Leer más »

Landscaping expenses can be a significant cost for many businesses, and it is important to understand how to account for these expenses in your financial statements. In general, What is bookkeeping landscaping expenses can either be capitalized or expensed, depending on certain criteria. General ledger accounting is an essential part of any business, as it …

Is Landscaping Expense Or Capitalized: A Quick Guide Leer más »