An in-kind donation does not involve cash gifts and can be one of the most important resources for many nonprofits. This article provides an in-depth guide for in kind donations compliance.
[Read more…] about In-Kind Donations: Guide to What Nonprofits Need to KnowAccounting for Nonprofits
Nonprofit Treasurer Duties: Guide to Finding the Right Person
The nonprofit treasurer duties include overseeing the organization’s finances and making sure that there are enough funds to pay all expenses, as well as looking into ways to raise more money.
[Read more…] about Nonprofit Treasurer Duties: Guide to Finding the Right PersonWhat is Fund Accounting: Guide to Proper Stewardship of Funds
Fund accounting tracks revenue and expenses, demonstrating accountability to funding sources. Understanding nonprofit fund accounting ensures proper stewardship of funds. Let’s take a deep dive into what is fund accounting.
[Read more…] about What is Fund Accounting: Guide to Proper Stewardship of FundsBookkeeping for Nonprofits: Best Hiring Practices
Bookkeeping for nonprofits is essential for maintaining day-to-day data entry of revenue and expenses. Let’s explore best hiring practices.
[Read more…] about Bookkeeping for Nonprofits: Best Hiring PracticesNonprofit Cash Flow Forecasts: How To Avoid Deficits
Nonprofit cash flow forecasts predict when revenue comes in and when revenue goes out. It is an excellent tool to avoid cash shortfalls. By pinpointing deficits during a 12-month period, your nonprofit can avoid a crisis before it becomes a major problem.
