Remove Auditing Remove Construction Remove Financial Reporting Remove Invoicing
article thumbnail

Do Nonprofits Use Cash or Accrual Accounting?

The Charity CFO

Also, revenue must be recorded when it is actually or “constructively” received. Income is constructively received when an amount is credited to your account or made available to you without restriction, regardless of whether or not it’s been deposited in your bank account. Do you need to undergo an audit? .

article thumbnail

The UK’s Damning Carillion Report: The Spark For Change, Or An Unanswered Call?

PYMNTS

Since the collapse of Carillion , once the nation’s second-largest construction company and a massive government supplier, fingers have been pointed in all directions. Last month, reports emerged that U.K. officials are considering expanding access for subcontractors to report late and delayed payments.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How to create & use pro forma statements

Cube Software

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 40
article thumbnail

Quickbooks Integrations for Better Connectivity and Reporting

The Finance Weekly

Also, the subscription service comes with cool features such as follows: Keeping tabs on inventory Sorting out your books Sending out invoices smoothly Managing payroll Dishing out financial reports Linking up with other apps for a seamless workflow Plus, you can share access with different permissions for your team.