Capital Budgets Play an Important Role in Nonprofit Planning
When determining how to allocate funds, it is important to consider the organization’s overall goals and objectives. For example, if the goal is to increase access to services, then a greater proportion of funds should be allocated to program expenses. Alternatively, if the goal is to increase donor support, then a greater proportion of funds […]
9 Best Free️ Google Sheets Nonprofit Budget Templates for 2023
The nonprofit operating budget is essentially the financial reflection of what the nonprofit business expects to achieve over a 12-month period (annual budget). Calculating and analyzing the true cost of programs and activities can be completed as a one-time project or implemented as an ongoing management practice, as we recommend. If that is the goal, […]
Incremental cost: How to calculate and use it for decision making
Incremental costs are relevant in making short-term decisions or choosing between two alternatives, such as whether to incremental fees accept a special order. If a reduced price is established for a special order, then its critical that the revenue received from the special order at least covers the incremental costs. It’s important to remember that […]
Definition, Explanation and Examples
As inventory (asset) has now been sold, it must be removed from the accounting records and a cost of sales (expense) figure recorded. The cost of this sale will be the cost of the 10 units of inventory sold which is $250 (10 units x $25). The difference between the $400 income and $250 cost […]
Best accounting software for startups: 2025 guide for early-stage companies
The complexity of financial tasks can be daunting, especially for those without an accounting background. Therefore, it’s crucial to choose software with an intuitive interface that simplifies these tasks. Features like accounting services for startups dashboards, clear reporting, and simple navigation can make a big difference in how easily your team adopts and uses the […]