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Bookkeeping for Nonprofits: Best Hiring Practices

Bookkeeping for Nonprofits: Best Hiring Practices

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...

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Nonprofit Cash Flow Forecasts: How To Avoid Deficits

Nonprofit Cash Flow Forecasts: How To Avoid Deficits

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...

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Nonprofit Operating Reserves: How to Plan for Emergencies

Nonprofit Operating Reserves: How to Plan for Emergencies

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...

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Nonprofit Tax-Exempt Status: What is the Criteria?

Nonprofit Tax-Exempt Status: What is the Criteria?

Tax-exempt status under IRS 501(c)(3) refers to an organization which must be organization and operated exclusively for exempt purposes. None of its earnings may be for private or individual use. Nonprofit Tax-Exempt Criteria The tax-exempt status of an organization...

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Criteria for Hiring a Skilled Nonprofit Accountant

Criteria for Hiring a Skilled Nonprofit Accountant

Hiring a nonprofit accountant is critical to a nonprofit’s success in fulfilling its mission. Selecting an accountant with the proper skills and understanding can be a daunting task. Before you hire your next nonprofit accountant, be sure they have the knowledge...

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Restricted Donations: Real World Answers on Expenses

Restricted Donations: Real World Answers on Expenses

Nonprofits sometimes get caught up with donor restrictions imposed on donations and how to use these funds to pay expenses. What is the best way to pay expenses using donor restricted funds and remain compliant? How to Pay Expenses Using Donor Restricted Donations In...

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4 Digital Event Management Strategies for Nonprofits

4 Digital Event Management Strategies for Nonprofits

Technology can simplify your event management, saving you time. Try these effective digital event management strategies when planning your nonprofit’s next fundraising event! Nonprofits have relied on fundraising events to earn a portion of the revenue they need to...

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