Category: Bookkeeping

Ultimately, remember that your budget should categorize revenue by different funding sources and your expenses by program vs. overhead costs. Here’s a very basic example—but remember that your organization’s budget might be more complicated than this (or maybe even simpler!). But, there’s a place in the nonprofit universe for a surplus in the budgets too.…

The higher the tax rate and the greater the amount being deducted, the larger the tax shield. Depreciation tax shield refers to the net reduction in a company’s income tax liability on account of annual depreciation charge admissible under the applicable tax law. A company can estimate the amount of available tax shield by multiplying…