Accounting for Nonprofits Series
As the COVID-19 crisis unfolds, both nonprofit bottom lines are impacted — mission and financial. Following a nonprofit sustainability plan is key to survival.
Utilizing the best practices for nonprofit grant management can make getting accurate, timely information to grantors and donors more efficient.
Faced with limitations on direct and indirect cost recovery, funding nonprofit overhead can be challenging for nonprofits.
Running your organization like a for-profit business and investing in nonprofit overhead reaps rewards.
Where does the bulk of revenue come from when it comes to nonprofit funding sources? We explore the top 4 and how to remain compliant when it comes to reporting income.
How to know when it’s time to upgrade your nonprofit accounting software and make your lives easier and your organization more transparent and sustainable.
When it comes to comparing major differences between for profit vs nonprofit accounting, it all comes down to the measurement of success.
Nonprofit Support Services expenses include administrative and fundraising costs. These cost categories are essential for the operation of your nonprofit, and for the management and fulfillment of your mission based programs.
The difference between nonprofit earned revenue and contributions is quite simple. Earned revenue is money that a charity earns for providing goods or services.
In order to understand nonprofit accounting, it is important to know the difference between a fund and a program. A true nonprofit accounting system tracks revenue from funds and expenses by programs or functional areas.