Accounting Principles, Construction and Invoicing

How to create & use pro forma statements

Cube Software

MAY 11, 2023

Pro forma financial statements and GAAP It's important to note that, since pro forma statements are based on hypothetical or projected data, they are not compliant with generally accepted accounting principles—GAAP statements must be based on actual financial results. A pro forma invoice is not a type of pro forma financial statement.

GAAP

GAAP Financial Planning and Analysis (FP&A) Profit and Loss Accounting Principles

Do Nonprofits Use Cash or Accrual Accounting?

The Charity CFO

APRIL 5, 2022

Cash accounting does not comply with Generally Accepted Accounting Principles (GAAP) for nonprofit organizations. So if you expect to grow or search for new sources of funding, you’ll probably need to graduate to accrual-basis accounting. Also, revenue must be recorded when it is actually or “constructively” received.

Nonprofit

Nonprofit Accounting GAAP Auditing

Corporate Finance Brief

How to create & use pro forma statements

Do Nonprofits Use Cash or Accrual Accounting?

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