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.
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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-ProfitsWhat 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 FundsNonprofit 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 TrustRestricted 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?
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