One of the major differences between for profit and nonprofit accounting is the method used to categorize expenses known as direct cost allocations.
[Read more…] about Why Nonprofits Need to Understand Direct Cost AllocationsAccounting for Nonprofits
How To Become A More Transparent Nonprofit
The nonprofit sector is unlike any other business. It thrives on people donating their money without expecting a tangible product or service in return. What they do expect from a nonprofit is they handle the money responsibly and the money is used for its designated purpose.
[Read more…] about How To Become A More Transparent NonprofitWhy Ignorance Is Not Bliss For Nonprofit Accounting Standards
When it comes to nonprofit accounting standards, ignorance can have very serious consequences.
[Read more…] about Why Ignorance Is Not Bliss For Nonprofit Accounting StandardsWhy Accounting Is The Key To Nonprofit Sustainability
Can knowing accounting grow your nonprofit and lead to nonprofit sustainability? If you don’t understand accounting principles, your nonprofit may struggle to fulfill your mission and achieve your goals. Why is understanding the principles of accounting so fundamentally important?
[Read more…] about Why Accounting Is The Key To Nonprofit SustainabilityCloud Nonprofit Accounting Software: What You Need to Know
When choosing cloud nonprofit accounting software, knowing your options can be a life saver. Cloud computing is also known as Software as a Service (SaaS).
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