Solved: Should I move Opening Balance Equity to Unrestricted Net Assets for a non profit?

The breakdown for Org A shows it has spent all its available cash on equipment or its facility and has an accumulated operating deficit of $20,000. Or...

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Business Debt Relief: 6 Proven Solutions to Use in 2025

Fractional CFOs play a crucial role in balancing debt management with business expansion. By optimizing cash management, improving cost efficiency, ma...

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Bookkeeping, tax, & CFO services for startups & small businesses

Full strategic support, from cash flow to fundraising to scenario planning and more. We’ve supported many growing Biotech startups, fully managing the...

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Profit and Loss Statement Examples P&L Calculations

In this article, we will explain a P&L statement, walk you through its key components, and show you how to create one. Our writing and editorial s...

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How to Do Bookkeeping for Churches: A Step-by-Step Guide

This method helps to ensure that you use resources wisely and productively across the organization’s operations. A church bookkeeper can help you mana...

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Essential Financial Reporting Practices for Nonprofits

Many churches have a designated financial committee or board that oversees financial matters. Members of the financial committee have a solid grasp of...

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