Non profits using QuickBooks Online (QBO) face setting up a chart of accounts as one of their first tasks. While QBO provides a chart of accounts (CoA) target out of the box for non-profits, it needs […]
Non Profits are usually funded through individual donations or grants. Grants are usually larger sized funds and require grant budgeting and careful accounting to show how the granted funds were planned for and used. With QuickBooks […]
Nonprofits are required by the IRS to provide a breakdown of their functional expenses in their yearly 990. Learn how to create this breakdown in QuickBooks Online.
Our previous article on the banking crisis looked at Silicon Valley Bank’s (SVB) 2022 10-K to determine the reason for their failure. Our analysis revealed that the bank’s customers had fewer deposits, and its debt portfolio […]
Silicon Valley Bank has entered into FDIC receivership and has for all intents and purposes failed. Here, I argue that SVB failed due to a failure to respond to rising interest rates that impacted both their […]