Category: Bookkeeping

Under normal market conditions, the Trust will invest at least 80% of its Managed Assets in floating rate credit instruments and other structured credit investments. There can be no assurance that the Trust will achieve its investment objective. To understand how those returns were achieved, investors and analysts look beyond the bottom-line internal rate of …

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One of the easiest mixers to make at home, it’s a simple combination of equal parts sugar and water. After that, you have free reign to create any kind of syrup you like. Steep your favorite herb, fruit, or spice in the sugar-water for 20 minutes, and then strain. Worcestershire sauce is that weird, paper-wrapped …

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The issuance of par value stock does impact the presentation of the equity section of the balance sheet. Though the ultimate dollar amount isn’t impacted, this distinction provides transparency regarding the source of equity capital. Therefore, it is important from an accounting perspective that these two amounts are recorded differently. If YTM is higher than …

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This process is repeated as many times as necessary to recognize rent expense in the proper accounting period. Prepaid rent is recorded as an asset on the balance sheet and is initially recognized when you pay. As the period covered by the prepaid rent payment occurs, you decrease the prepaid rent asset account and increase …

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The income-expenditure account of the business organization is related to the corresponding accounting period. The utility of these ends in the relevant accounting period. If your business is a corporation, you will not have a drawing account, but if you paid stockholders, you will have a dividends account. If you paid dividends for the month, …

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A well-structured budget should include provisions for unexpected expenses and opportunities, allowing the organization to respond swiftly to new challenges or initiatives. Utilizing financial management software like QuickBooks Nonprofit or Blackbaud Financial Edge can streamline this process, providing real-time insights and facilitating more informed decision-making. Assigned Fund Balance.Assigned fund balance represents intentional constraints placed on …

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While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe. Sage Intacct is best for global nonprofits that must work across currencies and tax codes to manage their financials. If you are not a US based organization or …

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But how much is the financing, maintenance and disposal of that machine going to add to the $600? As you can see, life cycle costing helps a company to get a complete picture of all of a product’s related costs. These are costs directly related to the production of a product, such as material and …

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No external, independent auditors are needed, and it is not necessary to wait until the year-end. Managers should understand that in order to obtain information quickly, they must accept less precision in the reporting. While there are several reports that are created on a regular basis (e.g., budgets and variance reports), many management reports are …

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The relationship between retained earnings and dividends is complex. These elements on the balance sheet show us if a business is growing or not. This article will explain how dividends impact retained earnings and the bigger picture for a company’s financial health and shareholder’s equity. Put simply, both stock and cash dividends reduce a company’s …

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