Total Software Solution for Nonprofits
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. Preparing an audit...
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...
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. Basics of Fund Accounting...
![[Podcast] Ultimate Guide to Selecting the Perfect Accounting Software for Nonprofits](https://araize.com/wp-content/uploads/2019/07/iStock-1373119986-1080x675.jpg)
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,...
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...
There are many different types of nonprofit funding sources, each with its own advantages and disadvantages. In order to succeed, it is important to maximize revenue streams by diversifying your nonprofit funding sources. This guide will help you become more...
![[Podcast] How to Read Nonprofit Financials: A Step-by-Step Guide](https://araize.com/wp-content/uploads/2022/12/iStock-1301048022-1080x675.jpg)
Reading and understanding nonprofit financial statements is essential for making sound decisions about your organization’s future. If you’ve never read one before, they can be daunting documents. This step-by-step guide will teach you everything you need...
A nonprofit budget is a financial plan which outlines how a nonprofit plans to spend its money. It is important for a nonprofit to have a budget in order to track progress and success, and to make sure that resources are being used efficiently. A budget should be...
The statement of activities report shows nonprofits how much money they have and how it is being used. This guide teaches the basics of reading and understanding a nonprofit Statement of Activities. It also helps predict your organization’s financial...
The statement of the nonprofit financial position report provides an overview of what an organization is worth and a birds eye view of the health of the organization. Net assets, presented in the nonprofit Statement of Financial Position report, reveal total revenue,...