Category: Bookkeeping
Understanding Net Asset Categories for Nonprofit Organizations
Overreliance bookkeeping on unrestricted net assets can lead to complacency in seeking out additional funding sources or diversifying revenue streams. With more detailed information as…
Read MoreChurch Bookkeeping & Financial Support for Small and Growing Churches
To make the most of your church’s financial data, you’ll need to approach bookkeeping with care. Consider the following best practices to make your bookkeeping…
Read MoreFinancial Statements: List of Types and How to Read Them
Thus, interim financial statements are prepared for management to check the status of operations during the year. Management also typically prepares departmental statements that break…
Read MoreLast Paycheck U S. Department of Labor
The Internal Revenue Service (IRS) introduced a new form for contractors in 2020 called the Form 1099-NEC, which should be used to report non-employee compensation.…
Read MoreConstruction Bookkeeping
To help you make more profitable decisions and get smarter about financial management, Knowify has put together 5 construction accounting tips and best practices for…
Read MoreWhat is Activity-Based Budgeting ABB
Tail spend management is a term used to describe the analysis of high-volume, low-value expenses that clog up the transaction list and represent usually 20%…
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