This statement is issued by a nonprofit instead of the income statement issued by a for-profit business. There are four required nonprofit financial statements or documents all nonprofit organizations must submit to the appropriate government agencies in order for them to stay complaint as...

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...

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...