Costs for International Travel
Previously, we looked at domestic travel costs and how to properly account for them. Now I want to look at international travel. In general, the same principles apply as for domestic travel. But there are four aspects I want to highlight. Class Most international...
Costs for Domestic Travel
In another post, we looked at the costs of food and drinks while traveling. And we saw how Per diems may make it easier to handle the corresponding paperwork. Usually more strict requirements apply for travel costs and it is not as easy to avoid the nitty-gritty. In...
Year End Project Balances
Sure, we are mid-January now, but if you are working in finance it is very likely that you are focused on the year end of the past year. Checking your expenses, your revenues, your balance accounts, your bank statements and so forth. And together with your project...
Time Sheets As A Tool For Accountability
For many not-for-profits, staff is one of the key expenses for their work. While many funders do not like to feel they are subsidizing salaries, and prefer to contribute to real, tangible activities and products. That makes staff salaries a sensitive part of any...
Accountability is a way of life
In my previous posts I have looked in detail at some finance matters, whether on the level of bookkeeping, finance management or policy development or something in between. But this week, on the threshold to a new decade and living in a spirit of looking back as well...
Food and Drinks and Per Diems
In my previous post I wrote about proof of delivery – what is needed to be able to prove and justify expenses properly. I used an example of an event in a hotel which included lunch and coffee breaks. But I did not specifically touch upon expenses for food and drinks....
What is proof of delivery (1)
How do you account for expenses? I don’t mean, how do you book them. What I mean is, what documentation do you collect and keep to make sure (and be able to show) that the expenses are real? In other words, what is your proof of delivery? In one of my previous blogs I...
What are prepaid expenses and payables?
Are you also receiving all sorts of invoices for next year these days? I got mail from insurance companies, my newspaper subscription, office rent and whatnot. Companies asking me (or my organisation) to pay upfront for services they will provide to me in the future,...
What is an expense in accounting?
What is an expense in accounting? Is a credit an expense? How can you know what to record as expense and what to record as an advance?
Entrepre-learning
If you have been following me, you may have noticed that I spent a week in San Diego, USA, almost a month ago. I took part in Amy Porterfield’s Entrepreneur Experience, which was quite the most awesome gift I have ever given myself! Until this year I had never even...