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Functional Accounting

What Form 990 Red Flags Reveal About Your Nonprofit

Nonprofit Form 990 red flags impact donor trust and reveal lack of due diligence. The 990 is a snapshot of how well an organization has complied with government regulations and what activities it has carried out to ensure it is upholding its mission. [Read more…]

Written by Joseph Scarano · Categorized: Accounting for Nonprofits, Nonprofit Fund Accounting · Tagged: Form 990, Functional Accounting, Fund Accounting, Nonprofit Accountability, Nonprofit Accounting, Nonprofit Accounting Software, Nonprofit Fund Accounting Software, Nonprofit Stewardship

Funding Nonprofit Overhead For Direct and Indirect Costs

Faced with limitations on direct and indirect cost recovery, funding nonprofit overhead can be challenging for nonprofits. [Read more…]

Written by Joseph Scarano · Categorized: Accounting for Nonprofits · Tagged: Accounting Software for Nonprofits, Cost Allocations, Direct Cost Allocations, Functional Accounting, Nonprofit Accounting

Investing In Nonprofit Overhead Reaps Rewards

Running your organization like a for-profit business and investing in nonprofit overhead reaps rewards. [Read more…]

Written by Joseph Scarano · Categorized: Accounting for Nonprofits · Tagged: Functional Accounting, Nonprofit Accounting, Nonprofit Accounting Software, Nonprofit Sustainability

How to Read Your Nonprofit Statement of Activities Report

The nonprofit Statement of Activities is one of the main financial statements of a nonprofit organization. [Read more…]

Written by Joseph Scarano · Categorized: Accounting for Nonprofits · Tagged: Accounting Software for Nonprofits, Charitable Contributions, Charitable Gifts, Functional Accounting, Nonprofit Accounting, Nonprofit Accounting Software, Nonprofit Financial Statements, Nonprofit Fund Accounting Software

Nonprofit Support Services: Impact On Bottom Line

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. [Read more…]

Written by Joseph Scarano · Categorized: Accounting for Nonprofits · Tagged: Accounting Software for Nonprofits, Cost Allocations, Functional Accounting, Fund Accounting, Nonprofit Fund Accounting Software

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