income and expense for non-profits. income and expense known as profit and loss in a for profit...
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![Page 1: Income and Expense For Non-Profits. Income and Expense Known as Profit and Loss in a For Profit Business What can you tell from this spreadsheet?](https://reader036.vdocuments.site/reader036/viewer/2022062422/56649efe5503460f94c138f6/html5/thumbnails/1.jpg)
Income and Expense For Non-Profits
![Page 2: Income and Expense For Non-Profits. Income and Expense Known as Profit and Loss in a For Profit Business What can you tell from this spreadsheet?](https://reader036.vdocuments.site/reader036/viewer/2022062422/56649efe5503460f94c138f6/html5/thumbnails/2.jpg)
Income and Expense
• Known as Profit and Loss in a For Profit Business
• What can you tell from this spreadsheet?
![Page 3: Income and Expense For Non-Profits. Income and Expense Known as Profit and Loss in a For Profit Business What can you tell from this spreadsheet?](https://reader036.vdocuments.site/reader036/viewer/2022062422/56649efe5503460f94c138f6/html5/thumbnails/3.jpg)
Income and Expenseby Fund
Each fund is one column
(The admin column is not a fund but the operational costs of the NGO)
![Page 4: Income and Expense For Non-Profits. Income and Expense Known as Profit and Loss in a For Profit Business What can you tell from this spreadsheet?](https://reader036.vdocuments.site/reader036/viewer/2022062422/56649efe5503460f94c138f6/html5/thumbnails/4.jpg)
Connecting the Income and Expense with the Balance Sheet
• The Beuaty of this double entry bookeeping system is that the income and expanse should match up with the cahgnes in teh balance sheet.
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![Page 5: Income and Expense For Non-Profits. Income and Expense Known as Profit and Loss in a For Profit Business What can you tell from this spreadsheet?](https://reader036.vdocuments.site/reader036/viewer/2022062422/56649efe5503460f94c138f6/html5/thumbnails/5.jpg)
Cash Flow Analysis
• You may be fine at the beginning of the year, but wil you have enough cash all through the year to cover your expenses?
• First you need a budget and in your budget mesh when you expect to receive income with when you expect expenses.
• Then you need to compare your actual figures with your budget.