Assets
We need to record our annual general liability insurance, $3,500 dated 12-31-2024 for the period of Jan-Dec 2025.
What is (1210) Prepaid Expenses?
The CalSEED Awardee invoices (both AR and AP) are recorded as pass-through agency transactions which means they're not recorded as P&L.
What is (2420) Deferred CalSEED Liability?
An individual donor pledged $50k every quarter with no reporting requirements.
What is (4015) Contributions?
The platform FiOps team is having an in office brain storming session at the Berkeley office. At lunch time the team has food delivered from a nearby restaurant.
What is (6570) Staff Meetings?
The California team purchased 4 tables for the new office, each cost $5,500.
What is (1315) Fixed Assets:Furniture/Fixtures?
We have a consulting contract of $5k per month effective 01-01-25. As of our Jan close deadline, the vendor has not submitted an invoice.
What is (2210) Accrued Expenses?
CalCEF Innovations received $50k from Breakthrough Energy Foundation for general operating expenses with a reporting requirement.
What is (4011) Grants Unrestricted?
The CA team is hosting their annual Clean Energy Business Roundtable (CEBR) event. The venue and catering expenses need to be recorded.
What is (6230) Convening?
Bruntwork (one of our PEO's) requires a payment equivalent to 2 months of an employee's salary which is then refunded when the employment contract ends.
What is (1510) Security Deposit?
At quarter end, NEX Ventures Pte has outstanding AP to PT NEX Indonesia. These AP invoices need to be reclassed to what account before consolidation.
What is (2334.IC) Due to PT NEN Indonesia.IC?
NEX Shanghai billed CalCEF Ventures for financial services.
A NEX staff submitted a travel visa for reimbursement to attend a leadership summit in another country.
What is (6525) Travel Misc?
At quarter end, NEX Asia LLC has receivables outstanding from CalCEF Innovations.
What is (1280.IC) Due from CalCEF Innovations.IC?
A NEX staff was hired on 09-30-24 and paid for the one day on 10-01-24. The gross salary for the one day needs to be accrued in September.
What is (2110) Accrued Salary?
NEX Asia LLC received $100k from CalCEF Innovations through a Fiscal Sponsorship agreement for the purpose of supporting and promoting clean energy businesses in South East Asia.
What is (4012.IC) Grants Temp Restricted.IC?
NEX Ventures Pte bills CalCEF Innovations for a NEX staff's time on a monthly basis. The staff's time needs to be allocated between c3 Nexus Thailand and c3 HQ & Admin.
What are (6220.IC) Program Consultants.IC and (6325.IC) Consulting-Other.IC?