It turns out that Todd, our board member who wants to understand the organization’s liquidity, needs to understand the entire balance sheet. Notice that the split between net assets with and without donor restrictions has changed. Also it may not be desirable to sell the property and equipment your organization uses in its operations. Even…
Investing activities focus on cash flow related to long-term assets, such as purchasing or selling property, equipment, or investments. For example, buying new office equipment or upgrading facilities would fall under this section. Obligations the organization owes to others, including accounts payable, loans, and deferred revenue. These are classified as current liabilities (due within a…
Working with a SaaS fractional CFO could help your company increase working capital, negotiate better terms on existing loans or bookkeeping secure the additional financing needed for growth. Lauren also co-hosts The Growth-Minded CFO podcast, powered by Upflow, engaging with finance and business leaders to explore innovative approaches to financial leadership. Lauren is a numbers-driven…
Access and download collection of free Templates to help power your productivity and performance. CFI is the global institution behind the financial modeling and valuation analyst FMVA® Designation. CFI is on a mission to enable anyone contra asset account to be a great financial analyst and have a great career path. In order to help you advance your career,…
The best way for aspiring bookkeepers to highlight their skills is by highlighting them on a resume or cover letter. Job interviews are also a great way to get a job in bookkeeping. There are so many terms and acronyms to keep up with in the industry. Knowing these basic accounting principles, however, is one…
Choose your bookkeeper well, so that you have the right financial information for making sound business decisions and ensuring that your finances operate smoothly. Bookkeeping is one of the most lucrative jobs you can do from the comfort of your home. If you are interested in accounting but don’t wish to go through the hassle…