Araize

Total Software Solution for Nonprofits

Nonprofit Accounting Software

Does Quickbooks for Nonprofits Support Fund Accounting?

Are you a not-for-profit organization using Quickbooks for your accounting needs? While the software may seem convenient, it’s important to note that Quickbooks for Nonprofits does not necessarily follow nonprofit fund accounting guidelines. This can pose significant compliance risks for nonprofits that must adhere to strict accounting standards.

In this blog post, we’ll take a closer look at why using the wrong accounting software can be problematic for nonprofits and provide some tips on selecting the right nonprofit fund accounting software for your organization.

[Read more…] about Does Quickbooks for Nonprofits Support Fund Accounting?

Nonprofit Audit: Best Practices for Preparation and Compliance

A nonprofit audit is an independent examination of a nonprofit organization’s financial statements and records to ensure compliance. An audit can also provide insight into the organization’s financial health and help identify areas of improvement.

[Read more…] about Nonprofit Audit: Best Practices for Preparation and Compliance

Charitable Contributions: 10 Steps to Maximize Your Tax-Deductible Donation

Charitable contributions are an excellent way to receive tax deductible donations and give back and make a real difference in the world. Donating to a qualified nonprofit benefits those in need while also reducing your taxes. But maximizing your deductions is no easy task. In this blog post, we’ll look at ten steps you can take to ensure that your charitable contributions are properly documented and maximize your tax benefits.

[Read more…] about Charitable Contributions: 10 Steps to Maximize Your Tax-Deductible Donation

What Is Fund Accounting for Nonprofits: Basics and Best Practices

Fund accounting for nonprofits tracks nonprofit revenue and expenses, demonstrating accountability rather than profits to funding sources. Let’s take a deep dive into the basics of fund accounting and why nonprofits need to understand it.

[Read more…] about What Is Fund Accounting for Nonprofits: Basics and Best Practices

[Podcast] Ultimate Guide to Selecting the Perfect Accounting Software for Nonprofits

Choosing the right accounting software for nonprofits is important for the success of your organization. Some factors to consider include budget, accounting needs, user-friendliness, and integrations with other tools. When selecting nonprofit accounting software, compliance should be a top priority. Be sure the software you choose meets nonprofit requirements such as financial reporting standards, grant tracking, and donor management.

[Read more…] about [Podcast] Ultimate Guide to Selecting the Perfect Accounting Software for Nonprofits