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Fund Accounting

Apr 29 2022

Nonprofit Accounting: Guide to Classifying Functional Expenses

Accounting for nonprofits classifies expenses by functional area in compliance with unique reporting requirements for nonprofits. Take a deep dive into nonprofit functional accounting.

[Read more…] about Nonprofit Accounting: Guide to Classifying Functional Expenses

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

Mar 30 2022

Why Using Spreadsheets for Nonprofit Financials Spell Danger

Using spreadsheets for nonprofit financials causes frustration and unreliable results. This blog post explores the potential dangers of preparing nonprofit financials with off-the-shelf spreadsheet software.

[Read more…] about Why Using Spreadsheets for Nonprofit Financials Spell Danger

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

Mar 01 2022

Quickbooks for Nonprofits: Why It Does Not Follow Nonprofit Accounting Guidelines

Not-for-Profit Organizations must follow strict accounting guidelines. Trying to shoe-horn the functionality of an off-the-self commercial accounting package, such as QuickBooks for Nonprofits, can be risky. There is no one-size fits all when it comes to nonprofit accounting software.

[Read more…] about Quickbooks for Nonprofits: Why It Does Not Follow Nonprofit Accounting Guidelines

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

Feb 15 2022

Nonprofit vs For-Profit Accounting: What Is the Difference?

The main difference between for-profit and nonprofit accounting is that for-profit businesses operate under the principles of profit and loss, while nonprofits operate under the principles of social welfare.

[Read more…] about Nonprofit vs For-Profit Accounting: What Is the Difference?

Written by Joseph Scarano · Categorized: Nonprofit Fund Accounting · Tagged: Accounting Software for Nonprofits, Fund Accounting, IRS Form 990, Nonprofit Accountability, Nonprofit Accounting, Nonprofit Accounting Software, Nonprofit Financial Statements, Nonprofit Fund Accounting Software

Dec 13 2021

3 Key Advantages of Fund Accounting Software for Nonprofits

True fund accounting software for nonprofits must track revenue and expenses to demonstrate accountability and compliance. Let’s take a deep dive into the advantages of fund accounting software.

[Read more…] about 3 Key Advantages of Fund Accounting Software for Nonprofits

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

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