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Expenses are a necessary part of running a nonprofit, but you need to ensure they remain low or donors will be less likely to support your organization. But here is a list of tasks that some nonprofits push onto their bookkeepers that are instead the role of an accountant. A crucial responsibility of nonprofit bookkeeping…

Content Payroll assistance Confidently Charge for Your Bookkeeping Services Mistakes to Avoid When Pricing Your Services Best for Hiring Certified Bookkeepers Why Professional Services Firms Should Ditch Folde… Keep business and personal finances separate This can be either weekly, bi-weekly, monthly, or project-based. When deciding on a payment schedule, you should consider the scope of…

Since retained earnings meet this definition, they classify as equity on the balance sheet. Over time, as companies are retained earnings a current asset accumulate profits they must record them on the balance sheet as a balance. A good understanding of retained earnings will help you make sense of your balance sheet and enable informed…