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
Accounting Software for Nonprofits
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
Bookkeeping for nonprofits is essential for maintaining day-to-day data entry of revenue and expenses. Let’s explore best hiring practices.[Read more…] about Bookkeeping for Nonprofits: Best Hiring Practices
Nonprofit cash flow forecasts predict when revenue comes in and when revenue goes out. It is an excellent tool to avoid cash shortfalls. By pinpointing deficits during a 12-month period, your nonprofit can avoid a crisis before it becomes a major problem.[Read more…] about Nonprofit Cash Flow Forecasts: How To Avoid Deficits
Is your nonprofit tax exempt? Being a nonprofit organization doesn’t mean you are exempt from paying taxes. This post explores the criteria for tax exemption.[Read more…] about Nonprofit Tax-Exempt Status: What is the Criteria?