Let’s dive into the details of a nonprofit operating budget—what it is, what to include, and how to put it all together. If you’re one of the many nonprofits operating on a tight budget, Givebutter has you covered. Givebutter is a free, modern, all-in-one fundraising platform built with donors in mind. Nonprofit organizations need physical […]

To illustrate how prepaid insurance works, let’s assume that a company pays an insurance premium of $2,400 on November 20 for the six-month period of December 1 through May 31. The payment is entered on retained earnings November 20 with a debit of $2,400 to prepaid insurance and a credit of $2,400 to cash. As of November […]