Category: Bookkeeping

Is it worth it to hold on to that equipment or would you be better off selling it? Net realizable value (NRV) is used to determine whether it’s worth holding on to an asset or not. As part of this filing, Volkswagen disclosed the nature of the calculation of its inventory. This means that the…

In this document, you’ll record your nonprofit’s revenue and expenses from the year, to demonstrate how finances have been utilized. Essentially, the Form 990 is the IRS’s method of evaluation to make sure your nonprofit is financially honest and legitimate. Filing the annual Form 990 is a key aspect of nonprofit accounting, and one that…