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Nonprofit Fund Accounting

Oct 25 2021

Chart of Accounts for Nonprofits: Guide to Proper Setup

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.

[Read more…] about Chart of Accounts for Nonprofits: Guide to Proper Setup

Written by Joseph Scarano · Categorized: Nonprofit Fund Accounting · Tagged: Accounting Software for Nonprofits, Fund Accounting, Nonprofit Accounting, Nonprofit Accounting Software, Nonprofit Chart of Accounts, Nonprofit Fund Accounting Software

Aug 26 2021

8 Reasons Why Financials for Nonprofits Are More Difficult than For-Profits

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.

[Read more…] about 8 Reasons Why Financials for Nonprofits Are More Difficult than For-Profits

Written by admin · Categorized: Nonprofit Fund Accounting · Tagged: Functional Accounting, Nonprofit Accounting, Nonprofit Accounting Software, Nonprofit Financial Statements

Aug 10 2021

What is Fund Accounting: Guide to Proper Stewardship of Funds

Fund accounting tracks revenue and expenses, demonstrating accountability to funding sources. Understanding nonprofit fund accounting ensures proper stewardship of funds. Let’s take a deep dive into what is fund accounting.

[Read more…] about What is Fund Accounting: Guide to Proper Stewardship of Funds

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

Jan 20 2021

Nonprofit Financial Transparency: Best Ways to Build Donor Trust

Nonprofit financial transparency is essential, both legally and ethically, for building trust and accountability to funding sources.

[Read more…] about Nonprofit Financial Transparency: Best Ways to Build Donor Trust

Written by Joseph Scarano · Categorized: Nonprofit Fund Accounting · Tagged: Charity Watchdogs, Nonprofit Financial Statements, nonprofit financial transparency, Nonprofit Transparency

Nov 16 2020

Restricted Donations: Real World Answers on Expenses

Nonprofits sometimes get caught up with donor restrictions imposed on donations and how to use these funds to pay expenses. What is the best way to pay expenses using donor restricted funds and remain compliant?

[Read more…] about Restricted Donations: Real World Answers on Expenses

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

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