Nonprofit Fund Accounting: Blog Series

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Nonprofit vs For-Profit: Key Difference and Why It Matters

Nonprofit vs For-Profit: Key Difference and Why It Matters

The key difference between nonprofit vs for-profit is the measurement of success. A nonprofit raises money to fulfill its mission. Whereas, a for-profit makes money for financial gain.   Nonprofit vs For-Profit Bottom Line As a nonprofit, you don’t just have a...

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New FASB Rules for Nonprofits: Are You Ready?

New FASB Rules for Nonprofits: Are You Ready?

New FASB rules for nonprofits are scheduled to took effect in December 2017. Is your nonprofit ready? The Financial Accounting Standards Board (FASB) issued new rules for nonprofits on August 18, 2016. This is the first major set of changes to nonprofit financial...

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Nonprofit Audit Standards: How It Impacts Nonprofits

Nonprofit Audit Standards: How It Impacts Nonprofits

Nonprofit audit standards make it management’s responsibility, not the auditor, to establish and maintain proper internal controls. Nonprofit Audit Standards Pinpoint Internal Control Deficiencies When the American Institute of Certified Public Accountants...

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6 Easy Accounting Strategies to Increase Nonprofit Revenue

6 Easy Accounting Strategies to Increase Nonprofit Revenue

Increasing nonprofit revenue is a challenge most organizations face. By following these 6 easy accounting strategies, your nonprofit revenue can be sustainable. Overcoming nonprofit revenue challenges To overcome challenges, today’s nonprofit executives need to...

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