Category: Bookkeeping

Understanding Net Assets In Nonprofit Organizations: A Guide For Stakeholders

May 18, 2022

by Naina Jane

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Leaders, board members, and supporters who understand these basics can make informed decisions that contribute to the nonprofit’s mission and sustainability. To achieve accurate financial...

Bookkeeping

Recordkeeping Internal Revenue Service

April 7, 2022

by Naina Jane

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Closing a business includes many steps, such as canceling licenses and permits, and sometimes transferring ownership. It’s always best to consult with your accountant during...

Bookkeeping

What Is FUTA? 2025 Rates and How to Calculate FUTA Tax

March 31, 2022

by Naina Jane

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The second worker’s wages, however, will be covered by FUTA in their entirety. The current FUTA tax rate is 6% of the first $7,000 a...

Bookkeeping

4 7: Prepare a Post-Closing Trial Balance Business LibreTexts

October 29, 2021

by Naina Jane

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If there are any temporaryaccounts on this trial balance, you would know that there was anerror in the closing process. As with the unadjusted and adjusted trial balances,...

Bookkeeping

4 7: Prepare a Post-Closing Trial Balance Business LibreTexts

October 29, 2021

by Naina Jane

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If there are any temporaryaccounts on this trial balance, you would know that there was anerror in the closing process. As with the unadjusted and adjusted trial balances,...

Bookkeeping

How much should nonprofits spend on overhead? 501c Services

November 12, 2020

by Naina Jane

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Articles on Blue Avocado do not provide legal representation or legal advice and should not be used as a 5 Main Benefits of Accounting Services...