Category: Bookkeeping

Audits and board retreats often fixate on feel-good measures which are missing the context that would lead to reliable and helpful conclusions. That is not to blame the auditors and accountants, who are often responding to the feedback and existing biases of their client boards. I have seen frowns and dismay at such meetings when… Continue reading The Nonprofit Administration Dilemma: How Much Should You Spend on Fundraising? 2025

The method to charge depreciation on the assets depends on the number of units that are produced throughout the year. The criteria to provide depreciation is the total estimated cost of the production. This is applied when the total equivalent units of production are equal to the value of the asset. Hence, during the years… Continue reading Units-of-Production Method Financial Accounting