By Diana Miller, CPA
The Importance of Annual Budgets for Nonprofit Organizations
Sometimes the importance of writing and maintaining realistic annual budgets is not always understood -but it’s imperative for a number of reasons. For one thing, the document might find more interested readers than you suspect.
Let’s start with your co-workers. Staffers need to know when funds will be available, or whether belt-tightening might soon begin (or continue). Your budget will...
By Diana Miller
Updated 7/30/2019. Written documentation of your organization’s policies and procedures regarding accounting practices always makes sense, regardless of your line of business. But it’s particularly critical when yours is a not-for-profit organization.
While the production of such a document can be highly detailed and time-consuming, it’s worth it. And it’s a job you’ll likely only do once — or perhaps just tweak periodically as laws or conditions change.
By Adriana Cabrera
The prospect of buying a home can be daunting, especially for first-time homebuyers who may be saddled with student loans, car payments and credit card debt.
But with planning – and some discipline – potential homeowners can make their dream of home ownership a reality. Here are some tips to help you through the process.
Create a budget
Begin by gaining an understanding of your income and expenses. On an Excel spreadsheet or a free budgeting app, enter your monthly...