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Nonprofit Fund Accounting

Mar 01 2022

Quickbooks for Nonprofits: Why It Does Not Follow Nonprofit Accounting Guidelines

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 Guidelines

Written by Joseph Scarano · Categorized: Nonprofit Fund Accounting · Tagged: Accounting Software for Nonprofits, Fund Accounting, Nonprofit Accountability, Nonprofit Accounting, Nonprofit Accounting Software, Nonprofit Fund Accounting Software

Feb 15 2022

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?

Written by Joseph Scarano · Categorized: Nonprofit Fund Accounting · Tagged: Accounting Software for Nonprofits, Fund Accounting, IRS Form 990, Nonprofit Accountability, Nonprofit Accounting, Nonprofit Accounting Software, Nonprofit Financial Statements, Nonprofit Fund Accounting Software

Feb 01 2022

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 Requirements

Written by Joseph Scarano · Categorized: Accounting for Nonprofits, Nonprofit Fund Accounting · Tagged: Accounting Software for Nonprofits, Nonprofit Accounting, Nonprofit Accounting Software, Nonprofit Audit, Nonprofit Financial Statements, Nonprofit Fund Accounting Software

Jan 17 2022

Form 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 Nonprofits

Written by Joseph Scarano · Categorized: Accounting for Nonprofits, Nonprofit Fund Accounting · Tagged: Accounting Software for Nonprofits, Functional Accounting, IRS Form 990, Nonprofit Accounting, Nonprofit Accounting Software, Nonprofit Audit, Nonprofit Stewardship

Dec 13 2021

3 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

Written by Joseph Scarano · Categorized: Accounting for Nonprofits, Nonprofit Fund Accounting · Tagged: Accounting Software for Nonprofits, Fund Accounting, Fund Accounting Software, Nonprofit Accountability, Nonprofit Accounting, Nonprofit Accounting Software, Nonprofit Fund Accounting Software

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