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 software
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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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Nonprofits rely heavily on donations to survive and to accomplish their mission. If your organization is struggling to generate donations or looking for nonprofit donation tips, this article’s for you!…
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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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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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Nonprofit AccountingNonprofit Management
How To Manage Donations In Your Accounting
by Alex Acreeby Alex AcreeYour supporters are the foundation upon which your organization operates and exists. Managing them, stewarding them, and accounting for their donations within the fund accounting framework requires time and organization.…