by dellontextile | Mar 27, 2025 | Bookkeeping
Yet it is self-evident that charities must be able to spend money on the things needed to achieve lasting change. When you create a nonprofit, you can put yourself in any position you want within the company, with a salary you set. The IRS expects that you’ll pay...
by dellontextile | Feb 3, 2025 | Bookkeeping
From a business perspective, using electronic fund transfers for vendors and payroll makes bookkeeping and accounting much simpler. It creates an electronic record of all transactions, and the accounting department doesn’t have to hold funds while waiting for checks...
by dellontextile | Jul 12, 2024 | Bookkeeping
It cannot be zero since it has fixed expenses, which are incurred whether a business makes a sale or not. Of the two groups of expenses (variable and fixed), it is much easier to control variable expenses. Product A has a contribution of $40/unit ($80 – $40), whereas...
by dellontextile | Apr 2, 2024 | Bookkeeping
Other significant deductions may include health insurance premiums and retirement contributions. For instance, if you earn $50,000 annually, your gross pay before deductions would be $50,000. If you’re paid hourly, your gross pay is calculated by multiplying your...
by dellontextile | Aug 19, 2022 | Bookkeeping
Brady Ware Nonprofit Advisors want to help you fulfill your mission with financial health and compliance services and a network of nonprofit consultants who specialize in strategic decision-making. Nonprofits expending $1,000,000 or more in federal funds are...
