The difference between business companies and non-profit organization is that the focus of the latter is the quantity and quality of community service they can afford to conduct from their profit and not the amount of profit itself. The income of non-profit organizations is given back to the community. The usual sources of funding for this type of organization are membership fees, donations and grants from state authorities.#Given the nature of...more
Non-trading institutions deserve to have their very own accounting system for they have specific needs different from profit making companies. Instead of focusing on the balance sheet and income statement, the accounting system for nonprofit organizations are more concerned on receipts and payment account. In a day to day basis, this type of organization needs cash book for the record keeping of receipts and payments and a ledger for transaction...more
Thanks to the invention of accounting software, it made financial transactions and monitoring for businesses and organizations so much easier. This software comes in two categories, one for profit making businesses and the other is for nonprofit organizations. This article will discuss all the advantages of having accounting software for nonprofit purposes.The needs of a nonprofit organization are very different from that of a profit making enterprise that is why special accounting software should handle it. The nonprofit accounting program has all the right features to be able to keep track of the finances every nonprofit organization needs. Financial accountability will be better achieved if the accounting software matches that of the needs of the organization.Manual accounting is not an option for a nonprofit organization, especially a large one. It can lead to inaccuracies and doubt on the part of the people who are giving money to run the organization. With accounting software for nonprofit endeavors, clear account of funds becomes transparent for everyone to see and scrutinize.All nonprofit organizations have employees. The employees need their salaries to be paid accurately...more
Most people do not know that there are differences in the accounting processes of a profit making institution compared to a nonprofit organization. For some, they even thought that the accounting techniques for nonprofits are simpler. The truth is the accounting system for nonprofit organizations are more complex than the usual commercial...more
Stock of The year or Scam of The Year?? (CPOW.PK Clean Power Concepts Inc) Hot penny Stocks AlertsFrom a Fundamental stand point, Clean Power Concepts operates in the Red-Hot Renewable Energy and Biofuel sectors that are worth billions and rapidly growing every single day! In fact, the company's revenues jumped from $190k to $443k in 1 year, which...more
Options To Get Out Of Debt - Non-Profit Debt ConsolidationIf a consumer becomes doubtful of non-profit organizations, then working with a debt resolution or consolidation company is an option. By checking out reliability and reputation, and paying...more
Global Test Market Scam? My Global Test Market ReviewIf yeah, then you should consider checking out this program called Mobile Monopoly. Some people make millions a year using it, but I never recommend you try something without reading up on it, so...more
Creative SMS Marketing Campaigns: Coffee SleevesWhile it was good to see this type of creativity in a text message marketing campaign it would have been nice to see the coffee shop building its own mobile marketing list from the cups they hand out. ...more