adminFundraising Costs Fundraising is an important activity for many organizations, but it can also be a costly endeavor. The costs of fundraising can quickly add up, and without careful planning and budgeting, these costs can become unmanageable. In this article, we’ll look at the different types of costs associated with fundraising activities and how to … Read more
Fixed Asset Category List What are Fixed Assets? Fixed assets are tangible items owned by a business and used to generate income, and are recorded on the balance sheet as property, plant and equipment (PP&E). Examples of fixed assets include equipment, property, and other physical items. Fixed assets are expected to have a useful life … Read more
Accounting Vs Human Resources Accounting and human resources are two crucial departments that help a business function properly. Both of these areas play a vital role in an enterprise’s success, but they also have many differences that set them apart. Accounting has been around since the days of the ancient Greeks and Romans, while human … Read more
After Tax Operating Income What Is Operating Income? Operating income is a measure of the profit generated by a business’s operations and is calculated by subtracting operating expenses from gross income. Operating expenses are costs incurred from normal operating activities, such as wages and office supplies. Gross income is determined by subtracting the cost of … Read more
Cost of Goods Sold Construction Accounting Cost of Goods Sold Cost of goods sold includes all costs related to the creation of products or services that have been sold. Direct labor and direct materials are variable costs, while overhead is a fixed cost. For service businesses, the cost of goods sold will consist of labor, … Read more
Why Do Accountants Stereotypically Wear Green Eyeshades? When you think of an accountant, what do you picture? A person wearing a green eyeshade probably comes to mind. This classic image of an accountant is often seen in films and television shows. But why do accountants wear green eyeshades? Is it just part of the stereotypical … Read more
Why Does Account Payable (AP) Show A Negative Balance? Do you have a negative Accounts Payable balance showing on your books? If so, you’re not alone. Many businesses have this issue and it can be difficult to understand why. Accounts Payable (AP) is an important part of business accounting, and when it shows a negative … Read more
What Time Does Direct Deposit Go Through Green Dot? Direct deposits made with Green Dot are fast, easy, and secure – perfect for getting your money when you need it most! Green Dot offers debit cards with a variety of features, including direct deposit. Customers can set up their mobile banking and debit card accounts … Read more
Audited Vs Unaudited Income Statement Financial statements provide essential information regarding a company’s assets, liabilities, revenues, expenses, and shareholders’ equity, thus providing insight into the financial performance and business activities of an organization. The four main financial statements are: The balance sheet: This statement shows a company’s assets and liabilities at a specific point in … Read more
What Is The Difference Between An Audit And An Attestation? When it comes to the financial services sector, two of the most important terms you will come across are ‘audit’ and ‘attestation’. They have become so common that they are now used almost interchangeably, but there are actually some important differences between them. In this … Read more