Bookkeeping

Contribution Margin: What It Is, How to Calculate It, and Why You Need It

Looking at contribution margin in total allows managers to evaluate whether a particular product is profitable and how the sales revenue from that product contributes to the overall profitability of the company. In fact, we can create a specialized income statement called a contribution margin income statement to determine how changes in sales volume impact […]

Contribution Margin: What It Is, How to Calculate It, and Why You Need It Read More »

Nonprofit Accounting & Bookkeeping Services

While often used interchangeably, nonprofit accounting and bookkeeping serve different functions. Understanding these differences helps organizations ensure they have the right accounting services for nonprofit organizations expertise for their financial management needs. For-profit organizations have it simple; they just track net income from sales. Best for Expense Tracking and Management An annual operating budget for

Nonprofit Accounting & Bookkeeping Services Read More »