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Tip of the Day Keep Your Receipts

Keep Your Receipts - When it comes to filing, your taxes you need to make sure that all your receipts are keep in good order, just in case you happen...

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Fund Balance

Fund Balance? - A fund balance is the value of a given organization?s funds from a quarter?s earnings. It is defined by reviewing the revenue a fund generates in a given period to see if it has either exceeded or is less than its expenditures. Included in this accounting will be a balance sheet reflecting all the assets and liabilities. The purpose of a fund balance is to assist those who manage the fund with the necessary facts so they can plan their budget changes for the following quarter of operation. It is intended as a tool to aid the leadership in correcting problems in past calculations.

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Definition of the Day Inflation

Definition: This is the idea that things will cost more ten years from now than they do today.  When prices are rising, we call it inflation. TeenAnalyst Advice: Inflation is bad for investors because it eats...

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