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Nonprofit Accounting Basics: Understanding Accounts Payable Cycle
The accounts payable (AP) cycle is the process of tracking and paying bills for goods and services that a nonprofit…
Transforming Nonprofit Financial Management with Sage Intacct: A Crossref Case Study
In today's fast-paced and ever-changing world, nonprofit organizations face numerous challenges in managing their finances. To stay ahead, they need…
Understanding the Impact of Financial Strategies on Nonprofit Growth
As the leaders of nonprofit organizations navigate an increasingly complex world, they must understand that financial strategies play a critical…
Digital Solutions for Nonprofit Organizations
In a world of constant change and economic uncertainty, nonprofit organizations are striving to adapt and innovate to continue serving…
Navigating Times of Economic Uncertainty: Tips for Nonprofit Budgeting
Nonprofit organizations face many challenges during periods of economic uncertainty. These periods require them to budget effectively in a volatile…
Top 3 Reasons To Outsource Nonprofit Accounting Today
Nonprofit organizations are unique because their day-to-day operations are guided by something more important than profit: -they are invested in…
Nonprofit Governance Best Practices: The Basics & Good Policies for Board Governance
Nonprofit organizations are unique because they are not owned by one individual or even a group of people or entities. …
Nonprofit Balance Sheet (or Statement of Financial Position)
Nonprofit organizations do not have the same financial reporting requirements as for-profit businesses. Since nonprofits operate for the purpose of…
ASU 2014-09: A Summary of Revenue Recognition for Not-for-Profit Organizations
The Financial Accounting Standards Board (FASB) is the agency in charge of monitoring, revising, and enforcing accounting practices in the…
What Is Earned Revenue In Accounting?
One of the most frequent requests we hear from clients looking for financial services is to be sure they are…
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