Not-for-Profit Organizations must follow strict accounting guidelines. Trying to shoe-horn the functionality of an off-the-self commercial accounting package, such as QuickBooks for Nonprofits, can be risky. There is no one-size fits all when it comes to nonprofit accounting software.
[Read more…] about Quickbooks for Nonprofits: Why It Does Not Follow Nonprofit Accounting GuidelinesNonprofit Fund Accounting
Nonprofit vs For-Profit Accounting: What Is the Difference?
The main difference between for-profit and nonprofit accounting is that for-profit businesses operate under the principles of profit and loss, while nonprofits operate under the principles of social welfare.
[Read more…] about Nonprofit vs For-Profit Accounting: What Is the Difference?Nonprofit Audit: Guide to Preparation and Requirements
Proper nonprofit audit preparation builds donor trust, financial transparency and accountability. This guide steps you through preparation, requirements and standards.
[Read more…] about Nonprofit Audit: Guide to Preparation and RequirementsForm 990: Guide to Filing Instructions for Nonprofits
Nonprofits are required by the IRS to file an annual financial information return called the Form 990. This guide provides form 990 filing instructions by breaking down the who, what and why.
[Read more…] about Form 990: Guide to Filing Instructions for Nonprofits3 Key Advantages of Fund Accounting Software for Nonprofits
True fund accounting software for nonprofits must track revenue and expenses to demonstrate accountability and compliance. Let’s take a deep dive into the advantages of fund accounting software.
[Read more…] about 3 Key Advantages of Fund Accounting Software for Nonprofits