Reserves and Funds

Reserves and Funds

by | Feb 16, 2020 | Finance Management

The balance sheet of your annual accounts report includes a section called ‘reserves & funds’, if you have any organizational capital at all (negative or positive). For continuity of the organization it is needed to have reserves, even though as not-for-profit it...
Year End Project Balances

Year End Project Balances

by | Jan 12, 2020 | Annual Reporting

Sure, we are mid-January now, but if you are working in finance it is very likely that you are focused on the year end of the past year. Checking your expenses, your revenues, your balance accounts, your bank statements and so forth. And together with your project...
What is an expense in accounting?

What is an expense in accounting?

by | Nov 24, 2019 | Finance Management

What is an expense in accounting? What kind of question is that?????? Read on and you will understand the question and why it is relevant. I promise! My motto is Finance is for Everyone and I stand by it always. With this I mean to say that everyone in your...