Lessons

For this article, I decided to shift the focus from nonprofits to that which makes our company tick: software. Learning how to write software can sound as scary as building…

Because the end of the month is a hectic time in any back office, a monthly checklist can help ensure all financial transactions that affect your bottom line are accounted…

Have you ever posted a journal entry in your accounting for your nonprofit and then went back later and wondered, “Why did I do that?” It’s not that uncommon, so…

If your nonprofit does fundraising, you will probably receive items that can be used in a silent auction or sold in a raffle. But how do you treat these donations…

Intro To Nonprofit Accounting: Lesson 7 In the final lesson of this series, we will take a look at the nonprofit accounting standards your accounting system needs to adhere to.…

Intro To Nonprofit Accounting: Lesson 6 Learn what internal controls are when it comes to accounting and how you can use them to protect your nonprofit. In previous lessons, we…

Intro To Nonprofit Accounting: Lesson 5 Ready to learn about nonprofit financial statements, a.k.a. reports? We will take a look at the two reports every organization needs, a third report…

Intro To Nonprofit Accounting: Lesson 4 A general ledger is a list of transactions by account. In this lesson, we will take a deeper look at transactions. We’ll discuss what…

What Is A Nonprofit Chart Of Accounts? A nonprofit chart of accounts for your organization is the list of each account that money comes into, or out of, in your…

An Intro To Nonprofit Fund Accounting What is fund accounting, and what does it have to do with nonprofits, charitable, or religious organizations? It’s a standard almost all nonprofit organizations…