By Edward J. McMillan
Here is a approach of budgeting that's effortless to enforce, effortless to observe, will considerably decrease employees time spent on budgeting, and may be sure actual economic responsibility. Written in a nontechnical, comprehensible, how-to language and layout, this useful consultant comprises dozens of appropriate types and documents.Order your replica this present day!
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Extra info for Not-for-Profit Budgeting and Financial Management
Payroll taxes are a semi-controllable expense. Although the assessment of payroll taxes is a function of government, payroll taxes are considered semi-controllable because they are directly related to salaries. If salaries are decreased, payroll taxes decrease accordingly. Examples of semi-controllable expenses include the following: ➢ Fringe benefits ➢ Payroll taxes ➢ Other taxes ➢ Utilities ➢ Insurance Fixed Expenses Some expenses are not only uncontrollable, but also unchangeable or fixed.
Although the assessment of payroll taxes is a function of government, payroll taxes are considered semi-controllable because they are directly related to salaries. If salaries are decreased, payroll taxes decrease accordingly. Examples of semi-controllable expenses include the following: ➢ Fringe benefits ➢ Payroll taxes ➢ Other taxes ➢ Utilities ➢ Insurance Fixed Expenses Some expenses are not only uncontrollable, but also unchangeable or fixed. Fixed expenses are the third category of expenses.
As of the date of this statement, employees worked (#) days in (month) for a liability of ($ ) that was paid to employees on (date). 20 Amounts due to be paid on the mortgage and notes payable over the next 12 succeeding months are as follows: Item Amount Mortgage on building $40,000 Note on data processing system 10,000 Total $50,000 21 Long-term debt is for amounts owed on mortgages and notes excluding the next 12 months’ payments. The current portion of long-term debt is classified with current liabilities.