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Meru Accounting

Bookkeeping for Non Profit Organizations: Understanding the Nonprofit Chart of Accounts

Bookkeeping for Non Profit Organizations: Understanding the Nonprofit Chart of Accounts

Bookkeeping for non profit organizations can get tricky when one organization receives money from many sources, each with its own purpose. A nonprofit may receive grants, donations, membership dues, and program fees, then use those funds for programs, payroll, fundraising, and daily costs. If those transactions are not placed in the right accounts, it becomes […]

Corporate Taxes In The USA: Understanding Book-to-Tax Reconciliation for Businesses

Corporate Taxes In The USA_ Understanding Book-to-Tax Reconciliation for Businesses

Corporate taxes in the USA are based on taxable income, not simply the profit shown in a company’s financial statements. This distinction can matter when a business has large expenses, asset purchases, unpaid customer balances, or costs that receive special treatment under federal tax rules. The number shown as book income may therefore differ from […]