Nonprofit Fund Accounting: Blog Series

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Chart of Accounts for Nonprofits: Guide to Proper Setup

Chart of Accounts for Nonprofits: Guide to Proper Setup

Managing finances for nonprofits can be very challenging. However, the key to achieving mission goals lies in efficient financial management. One of the most important financial tools for nonprofits is a well-structured nonprofit chart of accounts (COA). Proper set up...

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Quickbooks for Nonprofits: Does It Handle Fund Accounting?

Quickbooks for Nonprofits: Does It Handle Fund Accounting?

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...

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Nonprofit Audit: Best Practices for Preparation

Nonprofit Audit: Best Practices for Preparation

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...

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IRS Form 990 Instructions for Filing Correctly

IRS Form 990 Instructions for Filing Correctly

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...

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