by Suzanne Bakker | Feb 9, 2020 | annual accounts, annual accounts report, annual financial report, equipment, expenses, finance management | Annual Reporting, Finance Management
If you buy equipment that costs more than a certain amount, this equipment becomes a so-called tangible fixed asset on the balance sheet of your annual accounts report. Maybe you wonder what that means and why it might be important? Equipment on your balance sheet The...
by Suzanne Bakker | Feb 2, 2020 | budgeting, call for proposals, expenses, finance management | Finance Management
Managing exchange rates can be a big challenge when receiving a grant in a foreign currency. This starts from before the grant is approved, already when you are budgeting for your proposal. At that time, you are ‘translating’ your local currency prices into the...
by Suzanne Bakker | Jan 19, 2020 | budgeting, expenses | Finance Management
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...
by Suzanne Bakker | Dec 22, 2019 | accounting, budgeting, documentation, expenses, finance management, project design | Finance Management
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....
by Suzanne Bakker | Dec 8, 2019 | accounting, documentation, expenses, finance management, project basics, project design | Finance Management
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...
by Suzanne Bakker | Dec 1, 2019 | accounting, balance sheet, expenses, finance management | Finance Management
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,...
