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 PracticesNonprofit Accounting
[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 NonprofitsIRS Form 990: Instructions and Requirements for Filing Correctly
Most nonprofits are required to file IRS Form 990, which can be a daunting task. There are many instructions and requirements that must be followed in order to correctly file the form. If you don’t follow the instructions and requirements for filing IRS Form 990, your nonprofit could face penalties.
This guide provides a step-by-step instructions on how to correctly file IRS Form 990 for your nonprofit organization.
[Read more…] about IRS Form 990: Instructions and Requirements for Filing CorrectlyNonprofit Funding Sources: How to Maximize Revenue Streams
There are many different types of nonprofit funding sources, each with its own advantages and disadvantages. In order to succeed, it is important to maximize revenue streams by diversifying your nonprofit funding sources. This guide will help you become more sustainable and continue to support your mission.
[Read more…] about Nonprofit Funding Sources: How to Maximize Revenue Streams[Podcast] How to Read Nonprofit Financials: A Step-by-Step Guide
Reading and understanding nonprofit financial statements is essential for making sound decisions about your organization’s future. If you’ve never read one before, they can be daunting documents.
[Read more…] about [Podcast] How to Read Nonprofit Financials: A Step-by-Step Guide