When you make donations or charitable contributions, how you record them depends on the type of donation you've made. Recording a cash donation is different fro
Notes payableare recorded debt instruments that record official debt agreements, including the payment schedule and amount. Dividendspayableare dividends that have been declared to be awarded to shareholders but have not yet been paid. Long-term debtcan include a variety of obligations, including sinki...
If you ever decide to take the plunge and buy a home, your mortgage will likely be the largest debt you'll ever take on. And as part of owning a home, you may be faced with fees in terms of mortgage points. However, paying mortgage points can sometimes m
Individuals can deduct contributions only in the year in which they donate. This applies whether the taxpayers use the cash or accrual method of accounting. Those whoclaim deductions for your charitable contributionsneed to record each donation. The records must prove the amount and denote whether t...
Some jobs, likenursing,accountingandteaching, require candidates to have certifications and licenses. Some job seekers go the extra mile and get additional training or certificates to establish their expertise in their chosen fields. When making a resume, create a separate resume section for certificat...
More Resources for Nonprofit Accounting Introduction to Overhead for Nonprofits Nonprofits often exist as a direct result of fundraising, grants, sponsorships, and donations. These important sources of cash allow nonprofits to grow in their mission, carry out projects, and use key staff members to ...
Veteran support groups, churches and charities all offer video conferencing to connect families to loved ones. In some parts of the United States, the Red Cross runs "Operation Video Connect," which helps military families record audio and video messages for those deployed overseas. These messages...
Makes accounting and tax filing easier. Recommended:Find the right bank for you, read our review of theTop 5 Banks for Your Small Business 2. Getting a business credit card: Helps you separate personal and business expenses. Builds your company’s credit history, which can be useful to raise...
Integrations with accounting software for simplified record-keeping and reconciliation Cons of ACH payments There are some disadvantages and limitations of ACH payments, such as: Speed — Transactions could take several days to be processed. Location — Only U.S. bank accounts may use ACH payments...
Integrations with accounting software for simplified record-keeping and reconciliation Frequently asked questions What is the difference between ACH and a bank transfer? Sign Up for the PayPal Bootcamp In partnership with three expert business owners, the PayPal Bootcamp includes practical checklists and ...