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Debt vs. Equity Financing
There are several different types of financing that a business can use to operate, each with their own pros and cons. There two main types of financing: equity financing and debt financing. Equity...
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Understanding Cash Flow Reporting
One of the most helpful tools for a business owner is cash flow reporting. This blog will provide basic instructions on how to read the cash flow report. The different sections and presentation can...
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Cost Basis for Real Property
When dealing with real property, there are certain costs that add to the value of the property while others are considered period costs that are expensed when incurred. The distinction between the...
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What are In-Kind Donations?
In-kind donations are an important part of most non-profit organizations. Many of these organizations rely on donated goods and services to further their mission. It is important that these items...
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Types of Income and Expenses in Non-Profits
On a Statement of Activities for a non-profit organization, there are three major buckets for income and expenses. The statement of activities reads much like an Income Statement in for-profit...
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Non-Profit Accounting: Types of Funds
Permanently restricted, temporarily restricted, and unrestricted assets are terms used in non-profit accounting to categorize funds and equity used by the non-profit to provide its goods and services...
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What Makes Up Cost of Sales?
Cost of Sales is a special type of expense that is used to differentiate between the direct costs and general overhead expenses of a business. It is important to determine the correct Cost of Sales to...
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Capitalization of Interest & Loan Fees
When obtaining a loan for operations or the purchase of assets. There are certain costs related to the loan other than the principal amount. The two most common fees are loan or origination fees...
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Petty Cash, Uses and Controls
Petty cash is something that can get out of hand and is prone to theft if it is not monitored correctly. Petty cash is just a fund of cash on hand to use for small expenses instead of writing a check...
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Land vs. Building Costs
Real property purchased by a business may have two components: land and buildings. For purchasers that are not in the business of actively purchasing or investing in real property as their primary...
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What is REO Property
REO Property stands for Real Estate Owned property. It represents a very specific class of property that is owned by a financial lender. Typically, these properties originate from foreclosures....
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Retainer vs. Fixed Fee Billings
Many service companies use a static billing model to invoice their customers. They invoice the same amount monthly, bi-monthly or on some other set cadence. There are two common billing models that...
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Best Practices: Cash Controls
Cash is arguably the most important asset of a business. Without cash, a business cannot survive in the long run no matter how solid the business model. Cash is the most liquid asset of a business...
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Best Practices: Cash Controls, Cash Outflows
I’ve previously written about the importance of keeping strict controls over a company’s liquid assets such as cash. In prior blogs I discussed controls over petty cash and cash inflows. As...
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