Catégorie : Bookkeeping

The year retained earnings to date on the income statement refers to the period from the beginning of the fiscal year to the present, providing a cumulative view of the business’s financial performance. Year to Date (YTD) refers to the period from the beginning of the current year to a specified date before the yearend.… Poursuivre la lecture Free Small Business Profit and Loss Templates

Expenses are the costs incurred by a nonprofit in carrying out its activities, including program delivery, administrative operations, and fundraising efforts. Reading a Statement of Activities can be helpful for understanding a nonprofit’s overall financial picture. This guide will explain what a Statement of Activities is and the key components in it. There are a… Poursuivre la lecture Nonprofit Statement of Activities: Comprehensive Guide, Template, and Tips for Success

Business-to-business EFT (Electronic Funds Transfer) transactions are used by companies to pay suppliers, vendors, and contractors electronically. These transactions streamline the payment process, reduce paperwork, and minimize errors. B2B EFT payments often include wire transfers, ACH transfers, and electronic invoicing systems. Cash To make instant global wire transfers, choose the SanaTransfer platform. Anytime you use… Poursuivre la lecture ETFs explained: EFT definition and types of EFTs

It’s important to use this method if you want to use the most effective R2R methods. After the Great Recession of the late 2000s, one of the results is financial market regulations have become stricter. The issue of compliance issues has become a big issue following the various scandals during the era. Change ManagementIntroducing changes… Poursuivre la lecture What is R2R process Record to Report in Finance?

Some examples of unearned revenue include advance rent payments, annual subscriptions for a software license, Cash Flow Management for Small Businesses and prepaid insurance. The recognition of deferred revenue is quite common for insurance companies and software as a service (SaaS) companies. For accounting purposes, revenue is recorded on the income statement rather than on… Poursuivre la lecture Unearned Revenue Definition, How To Record, Example