Direct vs Indirect Costs Breakdown, Examples, & Why it Matters
Direct costs are straightforward to determine the cost for the object. For example, if a toy takes 3 hours to make and each labourer gets paid 10 rs for an hour, the labour charge for each toy is 30 rs. They may differ for different types of companies, such as manufacturing companies, construction companies, technology […]
Fixed costs
To determine your fixed costs, consider the expenses you would incur if you temporarily closed your business. You would still continue to pay for rent, insurance and other overhead expenses. The term “fixed costs” is used in finance to describe costs and expenses that remain constant, or “fixed,” regardless of business activities. Fixed costs are a […]
3 1 Overview of the statement of activities
The statement of cash flow shows how cash moves in and out of a nonprofit. Board members and other leaders can use this statement for better insight into how much is available to pay expenses. Nonprofits must file four statements every year to comply with IRS rules. The goal of a statement of activities is […]
Nonprofit data for donors, grantmakers, and businesses Candid
An organization, including a nonprofit organization, a stock corporation, a partnership or limited liability company, a trust, and a governmental unit or other government entity, that stands in one or more of the following relationships to the filing organization at any time during the tax year. The accounting principles set forth by the Financial Accounting […]