All fixed assets are initially recorded on a company’s books at this original cost. Suppose a company acquires a machine for their production line at a cost of $100,000. The estimated salvage value at the…
Browsing Category Bookkeeping
The Statement of Functional Expenses
An organization without owners and with the main purpose of providing services needed https://nerdbot.com/2025/06/10/the-key-benefits-of-accounting-services-for-nonprofit-organizations/ by society. Internal Revenue Service, a nonprofit organization may be granted tax exempt status. Since the Form 990 filed by the…
3 Examples of Grant Budgets That Will Win Over Funders With Template
The best way to ensure your budget is accurate and actionable is to have expert nonprofit financial professionals create it for you—like our team at Jitasa. We work exclusively with nonprofits, so we understand the…
Bank Reconciliation Example: Step by Step
Eliminate common reconciliation errors with templates designed by finance professionals for finance professionals. Download any of our free Excel templates to see how Vena can help streamline your entire finance department. After resolving discrepancies, save the final…