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Running head: ACCOUNTING AND FINANCE RESEARCH PAPER
Accounting and Finance Research Paper
ACCOUNTING AND FINANCE RESEARCH PAPER
The major aim of non-profit organizations is to serve humanity/society by meeting
various needs ranging from health, education, social among other services. Making a profit is not
their priority and that is why they are tax-exempt (Anheier, 2006). This means that they do not
pay income tax on their grants while enjoying other benefits such as postal service discounts for
those in the United States, perpetual existence and credibility among others. Like any other
organization, nonprofit organizations also have to develop a strategy for all their operations to
ensure that the goals for which the nonprofit organizations exist are met (Moore, 2000). Among
the strategies ought to be a finance strategy which is a critical part of any organization for
purposes of accountability and remaining responsible. This research paper relates to a small-size
non-profit commerce organization and it describes food costs/labor costs, sales reports, forecast
reports, payroll policies and procedures, the annual budgeting process and lastly, the measures of
the organization’s financial success.
Food costs/Labor costs/other costs
For this small-size non-profit commerce organization, these costs (food, labor among
others) will be categorized under operating costs. In terms of operations, a small nonprofit
organization is similar to a profit organization because both organization types are focused on
sustainable growth and development which translates to cost minimization. As such, some of the
fixed costs at the organization are the labor costs, rent, utilities, internet, bills, and telephone
costs. The organization will be unable to run optimally without having settled these costs. Other
costs are the flexible or variable costs that e...
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