Total Software Solution for Nonprofits
In the realm of nonprofit accounting, efficiency and accuracy are paramount. That’s why we’re excited to introduce a game-changing feature from FastFund Accounting – Bank Integration. This new tool is designed to streamline your financial processes...
Are you a not-for-profit organization using Quickbooks for your accounting needs? While the software may seem convenient, it’s important to note that Quickbooks for Nonprofits does not necessarily follow nonprofit fund accounting guidelines. This can pose...
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...
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...
![[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...
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,...
Nonprofit accounting is the process of recording, managing, and preparing compliant financial statements for 501(c)(3) organizations. This includes everything from tracking income and expenses to tax returns to generating financial reports necessary for maintaining...
Donor stewardship involves fundraising, tracking donations, managing expectations, communicating with donors, and setting up systems to track results. What is donor stewardship? Donor stewardship is a system that helps organizations manage and steward donor resources....
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...