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Nonprofit Fund Accounting

Aug 21 2020

What Form 990 Red Flags Reveal About Your Nonprofit

Nonprofit Form 990 red flags impact donor trust and reveal lack of due diligence. The 990 is a snapshot of how well an organization has complied with government regulations and what activities it has carried out to ensure it is upholding its mission.

[Read more…] about What Form 990 Red Flags Reveal About Your Nonprofit

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

Aug 07 2020

Nonprofit Restricted Assets: Best Advice for Managing Funds

Nonprofit restricted assets refers to the management of net assets: net assets with donor restrictions and net assets without donor restrictions. In order to avoid unintentionally misappropriate funds, it is important to understand the practical management of restricted funding.

[Read more…] about Nonprofit Restricted Assets: Best Advice for Managing Funds

Written by Joseph Scarano · Categorized: Nonprofit Fund Accounting

May 20 2019

What Is Nonprofit Stewardship and Donor Designation?

Nonprofit stewardship means cultivating an ongoing relationship with a donor. Accountability is demonstrating to funding sources that funds were used for its donor designated purpose.

[Read more…] about What Is Nonprofit Stewardship and Donor Designation?

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

Nov 16 2018

Guide to the Nonprofit Statement of Financial Position Report

What is a nonprofit statement of financial position report and how can it determine if a nonprofit is healthy financially?

[Read more…] about Guide to the Nonprofit Statement of Financial Position Report

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

Jul 17 2018

Nonprofit Net Assets and Statement of Financial Position Explained

The Statement of Financial Position of net assets presents current revenue, assets, and liabilities for nonprofits. This is the key difference between for profit vs nonprofit accounting.

[Read more…] about Nonprofit Net Assets and Statement of Financial Position Explained

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

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