Understanding the New Nonprofit Accounting Standard

بواسطة admin | أغسطس 6, 2024 | Bookkeeping

Organizations should track the financial transactions related to all donor restricted gifts in the accounting records to determine the status of the organization’s use of the gift and for reporting purposes. Committed Fund Balances Committed fund balance...

Book Value Per Share BVPS: Definition, Calculation & Importance

بواسطة admin | يوليو 23, 2024 | Bookkeeping

The shareholders’ equity in the book value per share of common stock formula is therefore what the shareholders get in the company after debts have been paid. The shareholder’s residual claim is the net asset value or book value of the company which is equal to the...

Xero vs QuickBooks 2024 Comparison

بواسطة admin | يوليو 3, 2024 | Bookkeeping

NerdWallet’s accounting software ratings favor products that are easy to use, reasonably priced, have a robust feature set and can grow with your business. Learn more about how we rate small-business accounting software. Xero and QuickBooks are both great accounting...

How Long to Keep Financial Documents

بواسطة admin | يوليو 1, 2024 | Bookkeeping

Digitizing your records is also a great way to avoid accidentally tossing them in a move or an overzealous fit of spring cleaning. Plus, let’s not forget that paper records can fade, and are susceptible to damage. If your bank doesn’t have online banking, it’s best to...

What is the difference between job order costing and process costing?

بواسطة admin | مايو 21, 2024 | Bookkeeping

ProjectManager helps with activity-based costing with robust Gantt charts that allow project managers to track, manage and assign costs to specific activities within a project. Use it to create tasks and subtasks for projects, which can then be linked to specific...

What does FICA mean? Tax rate and your paycheck, explained

بواسطة admin | مارس 20, 2024 | Bookkeeping

It’s important to note that there is an additional Medicare tax for high earners. If an individual’s income exceeds a certain threshold, they are required to pay an additional 0.9% in Medicare tax on the excess earnings. For 2024, this threshold is $200,000 for...