Charity Reporting: Receipts and Payments Accounts

Charity Reporting: Receipts and Payments Accounts

What is a Receipts and Payments Accounts?  It is a simple method of reporting for charities. It is cash basis reporting and captures the money spent (cash and bank) and money received (cash and bank) by a charity, as well as the account balances.   Who can submit...
After the Grant Award comes Fund Accounting!

After the Grant Award comes Fund Accounting!

Congrats! That grant application you submitted a few months ago has been successful!   Now you can start spending! Did you know the grant is subject to fund accounting? What is Fund Accounting: It is a method of accounting for donations, used by non-profit...