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Functional Accounting

Oct 16 2019

Funding Nonprofit Overhead For Direct and Indirect Costs

Faced with limitations on direct and indirect cost recovery, funding nonprofit overhead can be challenging for nonprofits.

[Read more…] about Funding Nonprofit Overhead For Direct and Indirect Costs

Written by Joseph Scarano · Categorized: Accounting for Nonprofits · Tagged: Accounting Software for Nonprofits, Cost Allocations, Direct Cost Allocations, Functional Accounting, Nonprofit Accounting

Aug 22 2019

Investing In Nonprofit Overhead Reaps Rewards

Running your organization like a for-profit business and investing in nonprofit overhead reaps rewards.

[Read more…] about Investing In Nonprofit Overhead Reaps Rewards

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

Feb 24 2019

How to Read Your Nonprofit Statement of Activities Report

The nonprofit Statement of Activities is one of the main financial statements of a nonprofit organization.

[Read more…] about How to Read Your Nonprofit Statement of Activities Report

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

Jan 15 2019

Nonprofit Support Services: Impact On Bottom Line

Nonprofit Support Services expenses include administrative and fundraising costs. These cost categories are essential for the operation of your nonprofit, and for the management and fulfillment of your mission based programs.

[Read more…] about Nonprofit Support Services: Impact On Bottom Line

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

Aug 21 2018

Nonprofit Accounting: Difference Between Funds and Programs

In order to understand nonprofit accounting, it is important to know the difference between funds and programs. A true nonprofit accounting system tracks revenue from funds and expenses by programs or functional areas.

[Read more…] about Nonprofit Accounting: Difference Between Funds and Programs

Written by Joseph Scarano · Categorized: Accounting for Nonprofits · Tagged: Accounting Software for Nonprofits, Cost Allocations, Direct Cost Allocations, Functional Accounting, Fund Accounting, Fundraising, Nonprofit Accounting, Nonprofit Accounting Software, Nonprofit Audit, Nonprofit Fund Accounting Software

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