Total Software Solution for Nonprofits
Audits are essential for nonprofits to ensure they are in compliance with all applicable laws, regulations, and industry standards. An audit can also provide insight into the organization’s financial health and help identify areas of improvement. Preparing an audit...
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. Basics of Fund Accounting...
![[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....
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...
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...
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...