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Nonprofit Fund Accounting

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

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

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

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