GAAP frequently comes up in the nonprofit accounting world. Because it’s such a complicated topic, there are a number of misconceptions surrounding GAAP for nonprofits. Many organizations know the term…
Nonprofit Accounting
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They say money is time, and time is money. If you work for a nonprofit, one of the best things you can do to save both time and money is…
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Having a nonprofit is a lot of work. Since it’s volunteer work most of the time, every minute is valuable. Choosing the right software to manage your organization is vital…
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Nonprofit Accounting
Nonprofit Financials: 3 Reports Every Nonprofit Needs
by Clay Harmonby Clay HarmonNonprofit Financials If you’re thinking of starting a nonprofit, or you’re trying to learn more about how to run your nonprofit from an accounting standpoint, then it’s important you understand…
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Church ManagementNonprofit AccountingWebinars
CPE Webinar: The Accountant’s Guide To Fund Accounting Software
by Alex Acreeby Alex AcreeA specialized financial platform for nonprofits and churches can be a dynamic tool, especially with the assistance of a trusted accountant to advise them. This webinar serves as an in-depth…
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Welcome to the world of nonprofit accounting! This guide covers basic definitions, best practices, and advanced examples, as well as outsourcing and software options. Before we dive in, it’s important…
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Nonprofit Accounting
QuickBooks® Nonprofit Chart Of Accounts Isn’t The Answer
by Clay Harmonby Clay HarmonIf you’re reading this article, it’s likely you’re looking for a way to create a chart of accounts. QuickBooks® has often been an answer to these kinds of bookkeeping questions.…
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Nonprofit Accounting
Do Nonprofits Pay Sales Tax (And What Is Sales Tax)?
by Clay Harmonby Clay HarmonSales tax applies to the sale of tangible personal property, unless the sale is covered by a specific legal exemption or exclusion. Individuals, businesses, and groups that sell taxable merchandise…
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Now that we’ve wrapped up the end of 2021, it’s time for your nonprofit or church to look back at the accounting reports for the prior fiscal year, so you…
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Church ManagementNonprofit AccountingWebinars
Webinar: Advanced Tips For Budgeting
by Alex Acreeby Alex AcreeOrganizations create budgets for a variety of reasons. A bank might require a budget prior to lending money. Your board of directors may require a budget to ensure you’re planning…