Management Archives - Young Associates

Category: Management

News, ideas and expertise from the Young Associates team

Bookkeeping, Management
Equity AKA Net Assets = Residual Value
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Banking & Investing, Management
Set policies for purchasing to stay on budget
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Management, Tax & Law
Issue up to date tax receipts by fiscal year end to prep for T3010
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Bookkeeping, Management
Deferred revenue needs to be classified as a liability
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Bookkeeping, Management, Tax & Law
GAAP principles inform financial statements preparation
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Banking & Investing, Management
Deposit cash regularly
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Management, Tax & Law
Charities ARE NOT legally obliged to issue tax receipts
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Bookkeeping, Data Management, Management
Keep efficient records via standardization and treating data systematically
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Management
Be judicious when discounting prices
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Bookkeeping, Management
Deferred revenue is received now for work to be delivered later
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Governance, Management
Use a narrative budget to engage less-experienced board members in planning
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