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Functional Accounting

Jan 17 2022

Form 990: Guide to Filing Instructions for Nonprofits

Nonprofits are required by the IRS to file an annual financial information return called the Form 990. This guide provides form 990 filing instructions by breaking down the who, what and why.

[Read more…] about Form 990: Guide to Filing Instructions for Nonprofits

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

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

May 17 2021

Nonprofit Cash Flow Forecasts: How To Avoid Deficits

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.

How To Achieve Steady Nonprofit Cash Flow - araize.com
[Read more…] about Nonprofit Cash Flow Forecasts: How To Avoid Deficits

Written by Joseph Scarano · Categorized: Accounting for Nonprofits · Tagged: Accounting Software for Nonprofits, cash flow, Direct Cost Allocations, Functional Accounting, Nonprofit Accounting, nonprofit cash flow, Nonprofit Financial Statements, Nonprofit Sustainability

Feb 23 2021

Criteria for Hiring a Skilled Nonprofit Accountant

Hiring a nonprofit accountant is critical to a nonprofit’s success in fulfilling its mission. Selecting an accountant with the proper skills and understanding can be a daunting task. Before you hire your next nonprofit accountant, be sure they have the knowledge to ensure compliance and accountability.

[Read more…] about Criteria for Hiring a Skilled Nonprofit Accountant

Written by Joseph Scarano · Categorized: Accounting for Nonprofits · Tagged: Accounting Software for Nonprofits, Functional Accounting, Fund Accounting, Nonprofit Accountant, Nonprofit 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

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