Nonprofit administrative expenses are a necessary investment in your infrastructure and operations and are essential for your organization to be more sustainable to be able to fulfill your mission.[Read more…] about Can Nonprofit Administrative Expenses Impact Funding?
Accounting Software for Nonprofits
One of the major differences between for profit and nonprofit accounting is the method used to categorize expenses known as direct cost allocations.[Read more…] about Why Nonprofits Need to Understand Direct Cost Allocations
The nonprofit sector is unlike any other business. It thrives on people donating their money without expecting a tangible product or service in return. What they do expect from a nonprofit is they handle the money responsibly and the money is used for its designated purpose.[Read more…] about How To Become A More Transparent Nonprofit
Sending year end donor letters are a big part of gift giving. What happens when you want to return a gift without a receipt? You don’t get the proper credit. This is the same thing for a donor who makes a donation and does not receive an acknowledgment letter for tax deduction purposes. They need a receipt to prove they you gave the gift.[Read more…] about Tips To Make Year End Donor Letters the Gift That Keeps On Giving
Nonprofits face many challenges when it comes to tracking and reporting to funding sources. This is the time to think about switching to nonprofit fund accounting software.[Read more…] about Tell Tale Signs It’s Time To Switch To Nonprofit Fund Accounting Software