Free Nonprofit Statement of Activities Template & Example
You must share this at the beginning of the year and the end of your financial period. Temporarily restricted funds accounting services for nonprofit organizations that must be held for a short period will be unrestricted eventually, but they must be listed under restricted funds until then. Most nonprofits also apply for government, companies, or […]
Accounts payable turnover ratio: Definition, formula, calculation, and examples
Businesses with a higher ratio for AP turnover have sufficient cash flow and working capital liquidity to pay their suppliers reasonably on time. They can take advantage of early payment discounts offered by their vendors when there’s a cost-benefit. Given the A/P turnover ratio of 4.0x, we will now calculate the days payable outstanding (DPO) […]