Tim Wyatt from Wyatt & Co Chartered Accountants explains the concept of materiality in charity accounting and gives examples of how it applies.
In this blog, Tim Wyatt, from Wyatt & Co Chartered Accountants, explains what creditors and debtors are in fund accounting. He gives examples of common applications of creditors and debtors for churches and charities accounting on an accruals basis.
Tim Wyatt from Wyatt & Co Chartered Accountants shares his fund accounting top tips. Tim has many years of experience working with charities.
Charities must follow fund accounting principles and these principles apply to restricted funding. One fundamental principle is that when you receive income,…
Should your charity create accounts using a receipts and payments basis or an accruals basis? Tim Wyatt answers this common fund accounting question.