While you might think that all accounting is the same – debits and credits – there are vast differences between Nonprofit Accounting and Commercial For-Profit Accounting. [Read more…] about Why Quickbooks Does Not Follow Nonprofit Accounting Guidelines
Nonprofit Accounting Software
Most nonprofits don’t think in terms of nonprofit profitability when it comes to fulfilling their mission. But, today’s nonprofits have to think differently. [Read more…] about Nonprofit Profitability: 6 Steps to Fulfilling Mission-Based Goals
Nonprofit software trends are improving donor retention and fundraising efforts. The biggest trend has been implementing nonprofit data integration. [Read more…] about Nonprofit Software Trends: Essential for Improving Donor Retention
Nonprofit W-2 preparation is basically the same as for-profit businesses, but with some additional considerations based on the type of nonprofit you are (more on that below). Like any other business, nonprofits and their employees are subject to payroll taxes even though 501(c)(3) charitable organizations are exempt from paying income taxes. [Read more…] about Requirements for Year-End Nonprofit W-2 Preparation
What makes fund accounting unique to nonprofits? In a word — accountability. Nonprofits and government agencies must track all income to a specific purpose. It is a system of grouping unrestricted and restricted funds. [Read more…] about Why Do Nonprofits Need Fund Accounting?