Total Software Solution for Nonprofits
Internal controls are measures designed to safeguard an organization’s assets, ensure accurate financial reporting, and promote operational efficiency. They range from simple procedures like segregating duties to more complex systems like automated financial...
Are you running a nonprofit organization and struggling with managing your payroll properly? Do you find it tedious to handle payroll taxes and withholdings for your employees? Nonprofit payroll management can be quite challenging for nonprofits, especially with...
Nonprofit organizations play a crucial role in addressing societal issues and improving the lives of people around the world. However, they often face unique financial management challenges preventing their ability to achieve their missions. In this blog post, we will...
Are you a not-for-profit organization using Quickbooks Online for your nonprofit accounting needs? While the software may seem convenient, it’s important to note that it does not necessarily follow fund accounting guidelines. This can pose significant compliance...
An in-kind donation refers to charitable contributions in the form of goods, services, time, and expertise, instead of cash. Learn more about this alternative form of giving and how it can help your nonprofit organization reach its goals. This guide will teach you...
A nonprofit audit is an independent examination of a nonprofit organization’s financial statements and records to ensure compliance. An audit can also provide insight into the organization’s financial health and help identify areas of improvement. Table of...
Charitable contributions are a great way to receive tax deductible donations. They also give your donors a chance to give back. Above all, they allow them to make a real difference in the world. But, are all charitable donations tax deductible? Donating to a qualified...
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. Table of contentsBasics of...
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,...
IRS Form 990 instructions can seem overwhelming for many nonprofits. Yet, it’s crucial to follow the requirements for correct submission. If your nonprofit fails to comply with these instructions and stipulations, you could face penalties. This guide simplifies...