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 nonprofit and for-profit 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.
Nonprofit accounting methods for small nonprofits are very different and more complicated than those for for-profit businesses.
One of the major differences in financial statement presentation between for profit companies and nonprofit organizations is the presentation of nonprofit functional expenses on the Statement of Activities and Changes to Net Assets.