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Bookkeeping Archives - Web Development Agency

A Guide to Nonprofit Accounting for Non-Accountants

ContentWhat about net assets in your organization?Definition of Restricted assets:Unrestricted Net AssetsUnderstanding Temporarily Restricted Net Assets:Government-Wide Financial Statements: Statement of Net AssetsLearn how to record in-kind donationsStatement of...

What is the difference between reserve and allowance?

In that situation, we would record an adjusting entry to increase the ADA balance by crediting the account for $5,000. Unlike active duty, Army Reserve Soldiers serve part time, allowing them to earn an extra paycheck, go to school, or work a civilian...

What are Drawings in Accounting?

ContentWhat are Drawings and its Journal Entry (Cash, Goods)?Accounting Entry for a WithdrawalIs a Debit Card a Checking Account?What is a Drawing Account?Pros of using creditDrawings Debit or Credit?Features of a Drawing AccountAccount Types Remember,...