Bookkeeping

Robust internal controls are vital for ensuring compliance and preserving the organization’s financial health. Solvency ratios provide insights into a nonprofit’s long-term financial stability and ability to meet long-term obligations. The debt-to-equity ratio, calculated by dividing total liabilities by total net assets, is a key solvency measure. Statement of Financial Position: What are Nonprofit Net […]

You can add extra payment details or any other information you’d like to pass on to your client. Include the date you’re sending the invoice and specify payment terms (e.g., due upon receipt, 30 days, 60 days). You can also add statement periods (for monthly recurring work, for instance). In this comprehensive guide, invoice for […]