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Bookkeeping

Bookkeeping

How to create your new nonprofits first budget

To help you to do that, I have developed an easy-to-use nonprofit operating budget template. You’ll find a bunch of them on the internet but they are just that — templates. What I’m going to offer you is a basic template and also some advice on how to best use it to tell the story […]

Types of Assets List of Asset Classification on the Balance Sheet

Each subsequent period’s opening balance is equal to the prior period’s closing balance, which is how the schedule rolls forward. An exercise such as this is very common in financial modeling and valuation analysis. Therefore, the first few years of the assets are charged to higher depreciation expenses. Everything You Need To Master Financial Modeling […]

The Accounting Equation: Key to Understanding Financials

The working capital formula is Current Assets – Current Liabilities. Barbara is a financial writer for Tipalti and other successful B2B businesses, including SaaS and financial companies. She is a former CFO for fast-growing tech companies with Deloitte audit experience. Barbara has an MBA from The University of Texas and an active CPA license. Double-entry […]

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