The fact they are not-for-profit makes no difference to the fact that they are still a business and thus have cash flows and funding which needs accounts to be able to track and manage properly and efficiently.
There are basic two kinds of Companies Profit making organization Non Profit making organization And Private and Government owned Companies
That would be an organization that doesn't profit. It will normally be a charity of some description, they use the term 'non-profit' organization to show that they aren't just keeping donated money for themselves.
The Project Management Institute is a for-profit organization. BNET is a great business resource to use in looking up product information and services. This site will offer information on the Project Management Institute.
non profit means like its not doing something to make money. like a organization to help africans can be "nonprofit" The commerical said that the organization was a non profit organization and they just wanted to help the sick and needy.
A non-profit organization is typically a local group (it can be multinational) and is committed to only paying the salaries of its members and its expenses. In this way, no profit is made. A non-governmental organization is almost always a national or international organization that assists people in ways that governments in the region typically do not (or not to a large enough extent) and many non-governmental organizations do make a profit although some are non-profit as well. The bottom line is: If you have a non-profit NGO, they typically use one title to give more clarity as to their main focus.
Organization asset screen
Organization asset screen
A not-for-profit organization typically has a web server name ending in ".org". This domain extension is commonly used by non-profit organizations, charities, and other entities that aim to serve the public good rather than generate profit. It helps distinguish them from commercial websites, which usually use ".com".
first make a small profitable organisation(eg. with your friends, so you don't have to pay them when you start off),then use the profit to grow your organisation,then use the profit to keep the organistion running.
I'm stuck on that one too.... Public Accounts Committee? PAC
Cost of goods sold and Gross profit
Profit is typically used for reinvesting in the business, paying dividends to shareholders, and covering operational expenses. It can also be allocated for debt repayment, funding new projects or innovations, and enhancing employee benefits or compensation. Ultimately, the use of profit depends on the company's strategic goals and financial health.