Accrued interest cash flow is earned or incurred but not yet paid or received, while prepaid interest is paid in advance for a future period. For example, interest owed on a loan is accrued, whereas interest paid upfront for a mortgage…
nonprofit accounting services
Consider the complexity of your funding sources, reporting obligations, and the number of users who will need access. If your nonprofit manages multiple grants, tracks restricted funds, or requires in-depth forecasting, you may need a more advanced platform. Additionally, consider future…