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Fund Accounting

Oct 25 2021

Chart of Accounts for Nonprofits: Guide to Proper Setup

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

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

Aug 10 2021

What is Fund Accounting: Guide to Proper Stewardship of Funds

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

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

Jul 27 2021

Bookkeeping for Nonprofits: Best Hiring Practices

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

Written by Joseph Scarano · Categorized: Accounting for Nonprofits · Tagged: Accounting Software for Nonprofits, bookkeeper for nonprofits, bookkeeping for nonprofits, Fund Accounting, Nonprofit Accounting, nonprofit bookkeeper, nonprofit bookkeeping

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

Nov 16 2020

Restricted Donations: Real World Answers on Expenses

Nonprofits sometimes get caught up with donor restrictions imposed on donations and how to use these funds to pay expenses. What is the best way to pay expenses using donor restricted funds and remain compliant?

[Read more…] about Restricted Donations: Real World Answers on Expenses

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

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