Looking to lower your tax burden this year? Donating to charitable causes can be a great way to contribute. Not only will you be making a difference, but you may also be eligible for valuable tax deductions. A variety of charitable organizations are out there, so finding one that supports your values is simple. First, make sure the organization y

And the issue of limited cash provides distinctive bookkeeping and accounting problems for the nonprofit that a for-profit company doesn’t facial area. Accounting for donations functions Solutions similar to any other transaction. Despite the fact that you happen to be donating and not generating a earnings, you still need to know how to debit a