In creating your pro forma documents, it is advisable to create multiple sets with different scenarios, especially when their purpose is to help make decisions. In this way, your management team (or C-suite) has all the information they need to make informed decisions. If you enable them, they have the best and worst-case scenarios that […]

Cumulative preferred stock is one type of preferred stock; a https://www.bookstime.com/ preferred stock typically has a fixed dividend yield based on the par value of the stock. This dividend is paid out at set intervals, usually quarterly, to preferred holders. Bond proceeds are considered to be a liability, while preferred stock proceeds are counted as […]

Now that you have a comprehensive understanding of these pro rata calculation methods, you can confidently apply them to various scenarios in your personal and professional life. Each method serves its purpose, allowing you to make fair and equitable allocations based on your specific needs. Time-based pro rata allocation ensures that payments or benefits are […]

New York is known for many things – bustling streets, iconic landmarks, and a strong economy, but when it comes to property taxes, it stands out for being one of the more expensive states in the U.S. These deductions and credits are designed to provide financial relief and incentivize behaviors that benefit the state’s economy […]

Propel Nonprofits video about cash flow to help you better understand the ebbs and flows of your organization’s cash. Does your nonprofit use small equipment, software subscriptions, or office supplies? Learn the key differences in writing successful government vs. foundation grant proposals. This guide offers tips on tailoring your approach for each funder type, helping […]

A current asset which indicates the cost of the insurance contract (premiums) that have been paid in advance. It represents the amount that has been paid but has not yet expired as of the balance sheet date. A record in the general ledger that is used to collect and store similar information. For example, a […]