This includes bank statements, invoices, receipts, payroll data, donation records, and any other financial transactions. Unlock sustainable funding for your nonprofit with our expert guide on venture capital strategies. Learn actionable tips to secure long-term financial support and propel your mission forward. Another long-term liability can be deferred revenue, linked with multi-year grants or donor […]

They are classified as either current assets (assets that are expected to be converted into cash in less than a year) or non-current assets (long-term assets that are difficult to convert into cash). Current liabilities are important because they can be used to determine how well a company is performing by whether or not they […]

The main challenges in managing outstanding receivables are ensuring timely payments from customers and minimizing the risk of bad debt while maintaining positive customer relationships. An outstanding check adjusting entries is a check payment that has been recorded by the issuing entity, but which has not yet cleared its bank account as a deduction from […]

For personalised support, explore Ryans’ corporate tax and business planning services, where our experts can help streamline the process for your business. Even small businesses need accurate financial statements, but for publicly held companies, it’s essential. It’s estimated that the average accounting team takes 25 days to complete an annual close. This time of year […]