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Bank Reconciliation Statement: What It Is & Why It’s Important
Having an effective accounting process in your nonprofit organization allows nonprofits to stay transparent and accountable. Keeping track of daily…
What Is A Statement of Activities for Nonprofits?
Running a nonprofit organization requires talent, hard work, and determination. There are many moving pieces to success including managing people,…
How Do Nonprofit Founders and Staff Get Paid?
Nonprofit organizations are granted their charitable or not-for-profit by the state in which they host primary operations. Most nonprofits are…
A Step-by-Step Guide to the Nonprofit Organization’s Accounts Receivable Process
Every nonprofit is a unique organization. Nonprofits exist to serve a purpose beyond generating profit. It is a common misconception…
Outsourced CFO Services: What They Do and Why Your Organization Needs Them
Nonprofit organizations are unique. Unlike private companies, nonprofits set out to achieve a purpose greater than generating revenue. However, just…
Improve Your Grant Tracking Process by Upgrading to Sage Intacct
Grants make up a large percentage of revenues in many nonprofit organizations. Funding received from federal, state, local, and private…
How To Prepare a Cash Flow Statement for Your Nonprofit Organization
Staying on top of the financial health of your nonprofit organization can feel like a full-time job, but it doesn’t…
Making Accurate and Feasible Financial Projections for Your Nonprofit Organization (The Basics)
Running a nonprofit organization is a rewarding experience, but it is also one that comes with great responsibility. In addition…
Understanding The Nonprofit Annual Report (The Basics + Downloadable Template)
Nonprofit organizations are treated differently from for-profit companies by governing and taxing authorities because they are different. Nonprofits exist to…
What Is A Statement of Financial Position?
Running a nonprofit organization is no simple task. Between grant management, organizing fundraisers, collecting membership dues, and scheduling volunteers, every…