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Accounting for Nonprofits

Mar 20 2023

Nonprofit Audit: Best Practices for Preparation and Compliance

Audits are essential for nonprofits to ensure they are in compliance with all applicable laws, regulations, and industry standards. An audit can also provide insight into the organization’s financial health and help identify areas of improvement.

[Read more…] about Nonprofit Audit: Best Practices for Preparation and Compliance

Written by Joseph Scarano · Categorized: Accounting for Nonprofits, Nonprofit Fund Accounting · Tagged: Accounting Software for Nonprofits, Nonprofit Accounting, Nonprofit Accounting Software, Nonprofit Audit, Nonprofit Financial Statements, Nonprofit Fund Accounting Software

Mar 08 2023

Charitable Contributions: 10 Steps to Maximize Your Tax-Deductible Donations

Charitable contributions are an excellent way to give back and make a real difference in the world. Donating to a qualified nonprofit benefits those in need while also reducing your taxes. But maximizing your deductions is no easy task. In this blog post, we’ll look at ten steps you can take to ensure that your charitable contributions are properly documented and maximize your tax benefits.

[Read more…] about Charitable Contributions: 10 Steps to Maximize Your Tax-Deductible Donations

Written by Joseph Scarano · Categorized: Accounting for Nonprofits · Tagged: Accounting Software for Nonprofits, Fundraising Software, Nonprofit Accounting, Nonprofit Accounting Software, Nonprofit Stewardship

Feb 16 2023

What Is Fund Accounting for Nonprofits: Basics and Best Practices

Fund accounting for nonprofits tracks nonprofit revenue and expenses, demonstrating accountability rather than profits to funding sources. Let’s take a deep dive into the basics of fund accounting and why nonprofits need to understand it.

[Read more…] about What Is Fund Accounting for Nonprofits: Basics and Best Practices

Written by Joseph Scarano · Categorized: Accounting for Nonprofits, Fundraising Stewardship, Nonprofit Fund Accounting · Tagged: Accounting Software for Nonprofits, Fund Accounting, Nonprofit Accountability, Nonprofit Accounting, Nonprofit Accounting Software, Nonprofit Fund Accounting Software, Nonprofit Stewardship

Feb 06 2023

[Podcast] Ultimate Guide to Selecting the Perfect Accounting Software for Nonprofits

Choosing the right accounting software for nonprofits is important for the success of your organization. Some factors to consider include budget, accounting needs, user-friendliness, and integrations with other tools. When selecting nonprofit accounting software, compliance should be a top priority. Be sure the software you choose meets nonprofit requirements such as financial reporting standards, grant tracking, and donor management.

[Read more…] about [Podcast] Ultimate Guide to Selecting the Perfect Accounting Software for Nonprofits

Written by Joseph Scarano · Categorized: Accounting for Nonprofits, Nonprofit Fund Accounting · Tagged: Accounting Software for Nonprofits, Fund Accounting, Nonprofit Accounting, Nonprofit Accounting Software, Nonprofit Financial Statements, Nonprofit Fund Accounting Software, Nonprofit Mission

Jan 23 2023

IRS Form 990: Instructions and Requirements for Filing Correctly

Most nonprofits are required to file IRS Form 990, which can be a daunting task. There are many instructions and requirements that must be followed in order to correctly file the form. If you don’t follow the instructions and requirements for filing IRS Form 990, your nonprofit could face penalties.

This guide provides a step-by-step instructions on how to correctly file IRS Form 990 for your nonprofit organization.

[Read more…] about IRS Form 990: Instructions and Requirements for Filing Correctly

Written by Joseph Scarano · Categorized: Accounting for Nonprofits, Nonprofit Fund Accounting · Tagged: Accounting Software for Nonprofits, Functional Accounting, IRS Form 990, Nonprofit Accounting, Nonprofit Accounting Software, Nonprofit Audit, Nonprofit Stewardship

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