Cash flow
What is Cash Flow?Cash Flow is net balance of cash coming into and out of a business at a certain point in time. A business’s cash is continually flowing [...]
Asset
What is an Asset?The term asset refers to a type of economic advantage that people or entities have today, tomorrow, or in the future. Consequently, an asset is anything [...]
Renovation
What is a RenovationRenovation means to “create new again”—to “revitalize.” The process of renovating (also known as remodeling) a broken, damaged, or outmoded structure. Commercial and residential renovation are [...]
Finance committee
What is a Finance Committee?The Finance Committee oversees the organization’s budget and provides financial analysis, guidance, and monitoring. Their main role is to guarantee that the organization has the [...]
Donation
What are Donations?Individuals, businesses, and other organizations can make donations to support the organization’s mission and objectives. They also provide funds to enable organizations to continue providing high-quality programs [...]
Credit
What is the meaning of Credit?This term has many meanings in the financial world, but credit is generally defined as a contract agreement in which a borrower receives a [...]
Fundraising
What is Fundraising?Fundraising is the process of soliciting and collecting voluntary financial contributions from individuals, businesses, charitable foundations, or government agencies. Although fundraising is most commonly associated with efforts [...]
Charity
What is a Charity?Charities are organizations whose primary goals are charity and social well-being. charitable, educational, religious or any other activity serving the public interest or common benefit.There are [...]
Budget
What a Budget?Budgets are an estimate of future revenue and expenses. They are usually prepared and re-evaluated periodically. A budget can be created for an individual, a group, a [...]
Capital
What is Capital?Capital in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a [...]
Nonprofit
What a Nonprofit?A nonprofit organization (NPO), also known as a non-business entity,not-for-profit organization, or nonprofit institution,is a legal entity organized and operated for a collective, public or social benefit, [...]
