The nonprofit Statement of Activities is one of the main financial statements of a nonprofit organization. [Read more…]
Nonprofit Accounting Software
Guide to the Nonprofit Statement of Financial Position Report
What is a nonprofit statement of financial position report and how can it determine if a nonprofit is healthy financially? [Read more…]
IRS Form 990: Which Form Does My Nonprofit Need To File?
As a nonprofit organization you are required by the IRS to file an annual financial information return called the IRS Form 990. [Read more…]
Difference Between Nonprofit Earned Revenue vs Charitable Contributions
The difference between nonprofit earned revenue and contributions is quite simple. Earned revenue is money that a charity earns for providing goods or services. [Read more…]
Nonprofit Accounting: Difference Between a Fund and a Program
In order to understand nonprofit accounting, it is important to know the difference between a fund and a program. A true nonprofit accounting system tracks revenue from funds and expenses by programs or functional areas. [Read more…]
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