Complete Guide to IRS Form 941 Filing & Mail Instructions
In Part 4, you’ll be asked whether you authorize a third-party designee to speak with the IRS on behalf of your business with regard to this return. A third-party designee might be your CPA, enrolled agent or tax advisor. If you are granting authorization to a third-party designee, check the “Yes” box and fill in […]
The Contribution Margin Income Statement
These costs don’t fluctuate with the level of production or sales an item makes. Examples include office rent, salaries unrelated to the production of goods, and fixed administrative costs. Now you know all about the contribution margin income statement, how it differs from the traditional income statement, and how to make one. However, knowledge isn’t […]
How to Improve Your Nonprofit Capital Budgeting Process
It’s a key tool in effectively and efficiently achieving the organization’s stated purpose, and should always align with an organization’s strategic plan. The operating budget must be centered around the primary goals and objectives of the organization. Team-based financial planning is the most effective way to ensure your budget aligns with your organization’s https://nerdbot.com/2025/06/10/the-key-benefits-of-accounting-services-for-nonprofit-organizations/ goals. […]
What Is A Period Cost? Definition, Examples, And Importance
A company launches a $50,000 national advertising campaign to promote a new software product. The advertisement runs for one month on various media platforms, aiming to boost product visibility and generate sales over the long term. In the case of the accounting travel mugs, these are the people who run the machines that mold the […]
6 Nonprofit Budget Templates for Your Organization
Generate regular reports that outline your nonprofit’s financials and the impact of your programs. By following these five steps, you can create a nonprofit operating budget that sets you up for financial stability and growth. Once the organization’s major sources of income and expenses have been identified, the next step is to estimate the amount […]