Financial reporting is a key accounting objective after record keeping. Accounting enables businesses to record and report their financial status at the end of a particular period. It involves putting together transaction details and reports that are necessary to make sense of a certain...

An accurate tracking system is essential for managing in-kind donations effectively. A detailed database should be maintained that captures all necessary information, such as the donor’s name, description of the item or service, date received, and estimated value. For an efficient system, organizations may...

You can also use this money if you have an unexpected medical emergency that arises. If you’re still not convinced that budgeting is for you, here’s a way to protect yourself from your own spending habits. Set up an automatic transfer from your checking...