Total Software Solution for Nonprofits
A fiscal sponsorship agreement program provides nonprofits with financial support and guidance from a tax-exempt nonprofit. Let’s take a deep dive into how to do it right and find the best fit. Fiscal Sponsorship Overview Fiscal sponsorship is a great way for...
Not-for-profit vs nonprofit organizations are often confused with one another. As you discover in this post, there are distinct differences between the two. Find out what sets them apart. Difference between not-for-profit vs nonprofit What is not-for-profit...
The proper setup up of the chart of accounts for nonprofits is the critical first step in getting started with your nonprofit fund accounting system. Learn how to segregate funds the easy way for tracking revenue and expenses. What Is the Chart of Accounts for...
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. The lifeblood for some sustainable nonprofits is securing cash...
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.
Financials for nonprofits require an in-depth understanding of the sector as well as exposure to some of the challenges that make it so unique. As an accounting professional, you may have exposure to financials of a wide range of sectors, which helps fine tune your...
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. What is fund accounting? Fund...
Bookkeeping for nonprofits is essential for maintaining day-to-day data entry of revenue and expenses. Let’s explore best hiring practices. What is bookkeeping for nonprofits? Every dollar that comes in and every dollar that goes out must be recorded. It is the role...
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. 5 steps to...
Nonprofit operating reserves is revenue set aside for future use. Planning for this ensures long-term financial heath. Where does this money come from and how can nonprofits plan for the future? Establishing nonprofit cash reserves Nonprofit operating reserves are...