The simple step of assigning one person to look up the salaries of comparable organizations can set a helpful context for the board. The executive director’s salary should make the organization competitive in the market for talent. If the answer is a similar nonprofit, look at the salaries of comparable nonprofits in the area. A good idea in any event, but with a median salary of $75,000 for nonprofits with budgets between $1 million and…

This is calculated by dividing the ownership of each person by the total number of shares and then multiplying the resulting fraction by the total amount of the dividend payment. To calculate the pro rata distribution, multiply the pro rata share by the related item. Whether you receive your salary monthly, biweekly, or weekly, pro rata ensures your annual income is evenly distributed throughout the year, avoiding the common liability of unequal payments. Pro rata…

Companies may return a portion of stockholders’ equity back to stockholders when unable to adequately allocate equity capital in ways that produce desired profits. This reverse capital exchange between a company and its stockholders is known as share buybacks. Shares bought back by companies become treasury shares, and their dollar value is noted in the Accounting for Technology Companies treasury stock contra account. Movement or changes in the capital structure and value is captured in…

Learn to access your company’s data from nearly any internet-connected device. Explore bookkeeping principles that help you understand debits and credits, accounts, financial statements, advanced transactions, payroll, and more. Includes a certification exam and exercises so you can work along with your instructor. More so, when you take online courses, you can learn from the comfort of your home and using your personal computer. This certification can go a long way in helping you elevate…

NJCPA USA is a leading financial consulting firm that provides comprehensive accounting services to businesses of all sizes. Katelyn has more than 6 years of experience working in tax and finance. cash flow She believes knowledge is the key to success and enjoys providing content that educates and informs. A relative, boy- or girlfriend, family member, or other person might qualify as an Other Dependent on your tax return. As you can see, the higher…

So, it is proof that the customer has paid the amount on the mentioned date. Hence, it is an accounting process to keep track of the completed payments in a booklet. Apart from transaction records, it also serves as evidence when it comes to filing tax returns. However, some small businesses believe there is a long way to go in embracing the trend of digital receipts. Regardless, it does not matter if you keep a…

Kick off with thanks, weave in personal stories or a nod to your team, then wrap up on a hopeful note. You might also consider incorporating a memorable phrase or tagline that encapsulates your message. Join us for the Booked & Paid Bootcamp — our NEW 2-day virtual event designed to help you start booking more paid gigs FAST. Let me tell you that it is not just my sole effort that has brought me…