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Whenever your nonprofit needs to provide a balance sheet, ensure your team updates it to reflect your organization’s current financial standing. Typically, you’ll update your balance sheet at least annually when you file Form 990. Your net assets represent the… Read More »Managing Restricted Funds

Accurate client information avoids unnecessary confusion. What is partnership accounting These small steps prevent payment delays efficiently and invoicing the client efficiently. I HIGHLY recommend working with HoneyBook (if you’re US-based) or Bonsai (if you’re based outside the US) to… Read More »How to invoice as a freelancer The ultimate guide

The FIFO (First In, First Out) method is a fundamental concept in financial accounting and inventory management. It refers to the practice of tracking inventory flows and assigning costs on the assumption that the oldest goods in a company’s inventory… Read More »Ending Inventory Formula What Is It, Methods, Examples