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Fund Accounting

Restricted Donations: Real World Answers on Expenses

Nonprofits sometimes get caught up with donor restrictions imposed on donations and how to use these funds to pay expenses. What is the best way to pay expenses using donor restricted funds and remain compliant? [Read more…]

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

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

Best Practices for Upgrading Nonprofit Accounting Software

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. [Read more…]

Written by Joseph Scarano · Categorized: Accounting for Nonprofits · Tagged: Accounting Software for Nonprofits, Fund Accounting, Nonprofit Accounting, Nonprofit Accounting Software, Nonprofit Financial Statements, Nonprofit Fund Accounting Software, Nonprofit Mission

3 Major Differences Between Nonprofit and For-Profit Accounting [Infographic]

When it comes to comparing major differences between for profit vs nonprofit accounting, it all comes down to the measurement of success. [Read more…]

Written by Joseph Scarano · Categorized: Accounting for Nonprofits · Tagged: Accounting Software for Nonprofits, Form 990, Fund Accounting, IRS Form 990, Nonprofit Accounting, Nonprofit Accounting Software, Nonprofit Financial Statements, Nonprofit Fund Accounting Software, Nonprofit Mission

What Is Nonprofit Stewardship and Donor Designation?

Nonprofit stewardship is cultivating an ongoing relationship with a donor. Accountability is demonstrating to funding sources that funds were used for their donor designated purpose. [Read more…]

Written by Joseph Scarano · Categorized: Fundraising Stewardship · Tagged: Donor Retention, Fund Accounting, Nonprofit Stewardship

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