accounting for nonprofit

Understanding Financial Reviews for Nonprofit Organizations: A Comprehensive Guide
Nonprofit organizations play a vital role in society, focusing on a variety of causes and initiatives aimed at creating positive…
Understanding Cost Allocation Methods: A Comprehensive Guide for Nonprofit Leaders
The financial health of a nonprofit organization is often seen as a barometer of its capacity to deliver on its…
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,…
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…
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…
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…
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…
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…