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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…
What Is 2 CFR Part 200?
Working in the nonprofit industry is an enriching process. However, keeping up with federal regulations and their revisions can be…
Tracking Grant Expenditures: Important & Best Practices for Nonprofits
If your nonprofit organization has been approved for grant funding, congratulations. Grants can be the driving force behind carrying out…
How to Read Nonprofit Financial Statements
Nonprofits are unique because the focus is on accountability, not profitability. However, just because there is no rush to distribute…
Do Nonprofit Organizations Have Profit and Loss Statements?
Nonprofit organizations, by definition, operate with the principle of focusing on accountability, not profitability. Nonprofit organizations do not actually generate…
What Are The Benefits Of Outsourced CFO Services?
We’ve talked before in our blog about outsourcing bookkeeping and other accounting services, but many nonprofit organizations don’t know that…
6 Best Practices for Accounts Receivable Collections
An organization’s accounts receivable (AR) balance is made up of the money that is owed to the business but not…
Cost Effective Audit Process: How to Create a Robust Audit Trail
A nonprofit accounting audit is a thorough examination of an organization’s financial records. Audits can be time-consuming and very expensive…
Is Outdated Technology Costing Your Nonprofit Association?
Membership and association nonprofit organizations are created to serve a purpose beyond a profit. They exist to help their members…
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RECENT POSTS
Bank Reconciliation Statement: What It Is & Why It’s Important
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How Do Nonprofit Founders and Staff Get Paid?
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Outsourced CFO Services: What They Do and Why Your Organization Needs Them
Improve Your Grant Tracking Process by Upgrading to Sage Intacct