nonprofit organization
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…
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…
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RECENT POSTS
Digital Solutions for Nonprofit Organizations
Navigating Times of Economic Uncertainty: Tips for Nonprofit Budgeting
Nonprofit Governance Best Practices: The Basics & Good Policies for Board Governance
Nonprofit Balance Sheet (or Statement of Financial Position)
How Do Nonprofit Founders and Staff Get Paid?
A Step-by-Step Guide to the Nonprofit Organization’s Accounts Receivable Process