Fund Utilization Rate What is Fund Utilization Rate? The Fund Utilization Rate is a key metric that measures how efficiently a business, organization, or project is using its allocated funds. It tells you the percentage of available funds that have been spent, helping to ensure that resources are being used wisely and in line with… Read More »
Fund Utilization Report A fund utilization report is a document that provides detailed information about the utilization of funds within a specific project, program, or organization. It outlines how the funds have been allocated, spent, and utilized for various purposes or activities as per the approved budget or funding agreement. The report serves as… Read More »
Depreciation expense or loss Depreciation is considered an expense in accounting, but it is not the same as a loss. In accounting, depreciation is the process of allocating the cost of a long-term asset over its useful life. It is an expense that represents the reduction in the value of the asset over… Read More »
Revenues vs Expenses Revenues vs Expenses are two important terms in accounting and finance, and they are use to measure the financial performance of a business. It is the income earn by a business from the sale of goods or services. It is the money that flows into the business as a result of its… Read More »
Direct and Indirect Expenses Before diving into the specifics of salaries and wages, it’s essential to understand the basic definitions of direct and indirect expenses: Direct Expenses: These are expenses that can be specifically linked to the creation of goods or the provision of services. They vary depending on the level of production. In other… Read More »
How are Sundry expenses treated in a balance sheet Sundry expenses are generally treated as an expense in the income statement of a business and are deducted from the revenue earned to arrive at the net income or profit for the period. They do not appear as a separate item in the balance sheet. But… Read More »
