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June 26, 2024
Question

Prepaid and NonProfits

  • June 26, 2024
  • 0 replies
  • 1 view

Hello...I am curious if the treatment of prepaid expenses in nonprofit accounting is the same as for profit accounting. I started a new account that has a balance in prepaid but I am not seeing an adjusting entry to move funds from prepaid to the correct expense account.