True fund accounting software for nonprofits must track revenue and expenses to demonstrate accountability and compliance. Let’s take a deep dive into the advantages of fund accounting software.
[Read more…] about 3 Key Advantages of Fund Accounting Software for NonprofitsNonprofit Accountability
Nonprofit Treasurer Duties: Guide to Finding the Right Person
The nonprofit treasurer duties include overseeing the organization’s finances and making sure that there are enough funds to pay all expenses, as well as looking into ways to raise more money.
[Read more…] about Nonprofit Treasurer Duties: Guide to Finding the Right PersonWhat is Fund Accounting: Guide to Proper Stewardship of Funds
Fund accounting tracks revenue and expenses, demonstrating accountability to funding sources. Understanding nonprofit fund accounting ensures proper stewardship of funds. Let’s take a deep dive into what is fund accounting.
[Read more…] about What is Fund Accounting: Guide to Proper Stewardship of FundsRestricted 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…] about Restricted Donations: Real World Answers on ExpensesWhat 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…] about What Form 990 Red Flags Reveal About Your Nonprofit