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In Kind Donations: Guide to What Nonprofits Need to Know

In Kind Donations: Guide to What Nonprofits Need to Know

An in kind donation does not involve cash gifts and can be one of the most important resources for many nonprofits. This article provides an in-depth guide to what you need to know for compliance and sustainability.   The lifeblood for some sustainable nonprofits...

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Hidden Gems About Accounting for Nonprofits Revealed

Hidden Gems About Accounting for Nonprofits Revealed

Compared to for-profit accounting, accounting for nonprofits focuses on demonstrating accountability and fulfilling its mission as a measurement of success.   What is Accounting for Nonprofits? While many aspects of for-profit and nonprofit accounting are...

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Bookkeeping for Nonprofits: Best Hiring Practices

Bookkeeping for Nonprofits: Best Hiring Practices

Bookkeeping for nonprofits is essential for maintaining day-to-day data entry of revenue and expenses. Let’s explore best hiring practices. What is bookkeeping for nonprofits? Every dollar that comes in and every dollar that goes out must be recorded. It is the role...

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Nonprofit Cash Flow Forecasts: How To Avoid Deficits

Nonprofit Cash Flow Forecasts: How To Avoid Deficits

Nonprofit cash flow forecasts predict when revenue comes in and when revenue goes out. It is an excellent tool to avoid cash shortfalls. By pinpointing deficits during a 12-month period, your nonprofit can avoid a crisis before it becomes a major problem. 5 steps to...

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Nonprofit Operating Reserves: How to Plan for Emergencies

Nonprofit Operating Reserves: How to Plan for Emergencies

Nonprofit operating reserves is revenue set aside for future use. Planning for this ensures long-term financial heath. Where does this money come from and how can nonprofits plan for the future? Establishing nonprofit cash reserves Nonprofit operating reserves are...

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Nonprofit Tax-Exempt Status: What is the Criteria?

Nonprofit Tax-Exempt Status: What is the Criteria?

Is your nonprofit tax exempt? Being a nonprofit organization doesn’t mean you are exempt from paying taxes. This post explores the criteria for tax exemption. Nonprofit Tax-Exempt Criteria Nonprofit organizations must fulfill federal requirements to qualify as...

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Criteria for Hiring a Skilled Nonprofit Accountant

Criteria for Hiring a Skilled Nonprofit Accountant

Hiring a nonprofit accountant is critical to a nonprofit’s success in fulfilling its mission. Selecting an accountant with the proper skills and understanding can be a daunting task. Before you hire your next nonprofit accountant, be sure they have the knowledge...

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