Bookkeeping

Accounting Term: What Is a Statement of Activities?

You can use unrestricted funds for any mission-oriented purpose, including paying general operating expenses and salaries. Simply, it reports your organization’s revenue and expenses during a specific period and the difference between them. The Statement of Activities is the Income Statement of a nonprofit organization. Code for Science & Society depicts their financial expenses on […]

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What Is the CARES Act?

Initially, Congress authorized up to $349 billion in forgivable loans as part of the program. In 2020, Congress pushed through the $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act—called the CARES Act—to provide economic assistance for American workers, families, small businesses, and industries. The Office of Recovery Programs is providing self-resources to assist recipients

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