Total Software Solution for Nonprofits
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...
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...
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 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...
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...
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...
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,...
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....