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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 Y Shares

Y Shares These are also called institutional shares and, therefore, are highly attractive to institutional investors. The great thing about these shares is that they are pretty safe, since institutions are relatively stable, and they also do not require 12b-1 fees to be paid. The downside...

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