Category: Bookkeeping

Final expense insurance works like any other life insurance policy—you pay fixed premiums, and upon death, a lump sum payout is made to your chosen beneficiary. Final expense insurance policies typically have smaller death benefits than traditional life insurance policies, usually ranging from $2,000 to $50,000. Final expense insurance premiums vary depending on your age,…

This step is especially relevant when dealing with unearned service revenue, such as subscriptions, retainers, or prepaid consulting fees. Since they overlap perfectly, you can debit the cash journal and credit the revenue journal. Depending on the size of your company, its ownership profile, and any local regulatory requirements, you may need to use the…

The approved budget then serves as a guide for financial activity in the months ahead. Budgets should not be written in stone, because the financial https://nerdbot.com/2025/06/10/the-key-benefits-of-accounting-services-for-nonprofit-organizations/ position of the nonprofit may change during the year. Financial planning is vital to an organization’s success and sustainability. The Better Business Bureau recommends that nonprofits spend under 35%…

When you log onto Bookkeeper360’s dashboard or the Xero app, you can access the balance sheet https://www.bookstime.com/articles/absorption-costing and other financial reports. In addition, it is a platform that provides premium services like the virtual CFO, who can help give insights on best strategies and practices. So, in this Bookkeeper360 review, we will share our experience…

For that reason, it may be best to get high-quality accounting software that can automate everyday tasks, create reports, and minimize room for errors. Both for-profit and nonprofit organizations usually comply with generally accepted accounting principles (GAAP). These represent accounting rules that standardize reporting of financial statements. Nonprofit Accounting: A Complete Guide for Organizations After…

You can add or remove fields in the bank deposit slip template as needed. To write a deposit slip, simply enter the bank account number, date, list the checks and cash with their amounts, calculate the total deposit, and sign if required. With OnlineCheckWriter.com- powered by Zil Money, you can easily fill out and print…