This can include releasing funds contingent upon reaching certain milestones or maintaining multi-year messaging aligned with the grantor’s mission. Recording these allocations demands meticulous accounting to ensure each dollar is accounted for and spent within the grant’s regulations. If a grant is determined to be conditional based on the criteria discussed above there would be […]

Current liabilities are the amount of money a company owes, such as accounts payable, short-term loans, and accrued expenses, that are due for payment within a year. Current assets, such as cash and equivalents, inventory, accounts receivable, and marketable securities, are resources a company owns that can be used up or converted into cash within […]

With a proper budget, your nonprofit can stay focused and organized while remaining accountable to the stakeholders who make your work possible. With these easy steps, you’re well on your way to creating a workable, up-to-date budget to help your organization thrive. Work to identify potential risks to your operations and create basic contingency plans […]

So, for example, the Lite plan will only cost you $2.10 per month for the first four months. If you choose to pay annually, you get get the same discount on the first four months, plus an additional 10 percent off for the rest of the year. “QuickBooks’s cloud-based environment makes it well-suited for businesses […]

These preemptively address tax liabilities, preventing year-end surprises. It’s important to explore all available credits annually. They can significantly lower your overall tax obligation. The EITC rates and thresholds are adjusted annually to reflect changes in the economy and cost of living. This includes wages, rentals, and other income sources tied to the state. This […]

Looking at these documents can tell you how much money you have, where your money accounting services for nonprofit organizations is, and how it got there. The entry should contain information such as the donor’s name, the amount of money, and the date. An annual budget plan represents a roadmap for nonprofits and ensures the […]

The magic happens when our intuitive software and real, human support come together. Book a demo today to see what running your business is like with Bench. Our team is ready to learn about your business and guide you to the right solution. If you’re interested in text-to-donate capabilities, you can upgrade to Aplos Core […]