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Quickbooks for Nonprofits: Does It Do Fund Accounting?

Quickbooks for Nonprofits: Does It Do Fund Accounting?

Quickbooks for Nonprofits does not follow nonprofit fund accounting guidelines, which can pose compliance risks for nonprofits. Not-for-Profit Organizations must follow strict accounting guidelines. There is no one-size fits all when it comes to nonprofit fund...

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Nonprofit Audit: Guide to Preparation and Requirements

Nonprofit Audit: Guide to Preparation and Requirements

Proper nonprofit audit preparation builds donor trust, financial transparency and accountability. This guide steps you through preparation, requirements and standards.   Table of contentsWhat is a nonprofit audit?What is the purpose of a nonprofit audit?Who...

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Form 990: Guide to Filing Instructions for Nonprofits

Form 990: Guide to Filing Instructions for Nonprofits

Nonprofits are required by the IRS to file an annual financial information return called the Form 990. This guide provides form 990 filing instructions by breaking down the who, what and why. What is the IRS Form 990? Form 990 is a tax form that any nonprofit...

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Advantages of Fund Accounting Software for Nonprofits

Advantages of Fund Accounting Software for Nonprofits

True fund accounting software tracks revenue to a designated purpose and prevents misuse of donations. Let’s take a deep dive into the key advantages of using nonprofit fund accounting software.   If a nonprofit wants to be compliant with GAAP and FASB...

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