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How to Make a T Account in Google Sheets

June 28, 2023 no comments Posted in Bookkeeping

We do not make any further entries to work out the closing balance – the $4,000 balance is self-evident from the single entry. Before going any further, take out a piece of paper and try construct the loan T-account using the journal entries above. When you’re done, scroll down just below and compare your answers. So, we have our opening balance (debit) of $4,300 and our closing balance (debit) of $19,100. Both these balances can be determined by a quick examination of the T-account. However, the steps taken above represent the system that is used in accounting to work out and show the closing balance, and thus should be learned and practiced. Read more

Navigating Government and Nonprofit Financials

May 18, 2023 no comments Posted in Bookkeeping

For public business entities, the amendments are effective for annual reporting periods beginning after Dec. 15, 2028, and interim reporting periods within those annual reporting periods. For entities other than public business entities, the amendments are effective for annual reporting periods beginning after Dec, 15, 2029, and interim reporting periods within those annual reporting periods. A new Accounting Standards Update published by the Financial Accounting Standards Board on Dec. 4 establishes authoritative guidance on the accounting for government grants received by business entities. For board members, standards-based reporting demonstrates professionalism and accountability, equipping them with credible data for oversight and governance. Transparent reporting also improves the nonprofit’s public reputation, making it easier to attract both new donors and corporate partners. Through this form, nonprofits disclose their financial activities, governance practices, and how they use funds to support their mission. Read more

What is Inpatient Rehab? Facts and Why Its Important

March 31, 2023 no comments Posted in Sober living

This is the raw cost before health insurance or other forms of payment assistance are factored in. Yes, residential rehab programs are a highly effective form of treatment for SUD. Studies show that inpatient programs often have positive outcomes than outpatient options, with success rates between 50% and 68% for those who complete treatment vs 35% to 45% for outpatient https://ecosober.com/blog/inpatient-vs-outpatient-rehab-what-is-right-for-you/ treatment. Some inpatient rehab centers specialize in treating specific populations, such as teenagers, LGBTQ+ individuals, or those with co-occurring disorders. Your length of stay in inpatient rehab will depend on your medical condition, therapy goals, and how quickly you progress. Some patients stay a few days, while others may need several weeks of care and therapy to regain function and independence. Read more

Alcohol and Insomnia: Whats the Link? I Psych Central

February 3, 2023 no comments Posted in Sober living

This might initially feel like more restful sleep, but it’s actually a disruption of the natural sleep cycle. The specific connection with sleep apnea, and I might say that almost every category of sleep disorders can does liquor help you sleep be adversely affected by alcohol use, specifically chronic alcohol use. There’s a few ways in which alcohol can adversely affect sleep apnea. Read more