The website guidestar.org is a resource one can use to obtain financial (and other) information reported on nonprofits’ Form 990. Program expenses (or program services expenses) are the amounts directly…

Retained earnings are the sum of the company’s cumulative earnings after paying dividends, and it appears in the shareholders’ equity section in the balance sheet. Total Liabilities and Equity represents…

Assuring accurate earnings allocation is only part of the equation; you also need to provide detailed financial disclosures to paint a complete picture of retained earnings your investment’s performance. Accurate…

If you think general accounting software is enough for you, choose QuickBooks Online. However, if you need specialized contractor features, consider Premier Construction Software or Sage 100 Contractor or even…

By sharing professional recommendations, you show your customers you are thinking about their best interests, and would like them to visit your bakery again. You work hard to ensure you…

The answer tells us that receiving $10,000 five years from today is the equivalent of receiving $7,440.90 today, if the time value of money has an annual rate of 6%…

In case you missed it above, MSI means mille (thousand) per square inch. Some are easier than others but essentially, all you have to do is enter the dimensions and…

This information ties back to a balance sheet for the same period; the ending balance on the change of equity statement equals the total equity reported on the balance sheet.…

Read on as we break down the process step-by-step and answer some critical questions many nonprofit leaders often have. Knowing your goals will help in allocating the budget effectively to…

Not sure where to start or which accounting service fits your needs? Our team is ready to learn about your business and guide you to the right solution. Bench isn’t…