nonprofit bookkeeping

This is a guest article provided by Cassidy Jakovickas, CPA at MBS Accountancy. It’s been said that hiring is like dating, and it’s a fairly accurate analogy. It’s challenging trying…

Over the past two weeks, 1.6 million businesses, nonprofits, and churches have applied for the Paycheck Protection Program. If this is your organization, it is important to ensure you track…

One of the first things people should learn when they’re thinking of starting a nonprofit is understanding the difference between normal accounting and fund accounting. Because nonprofit organizations focus on…

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…

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…

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…

If 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.…

Sales 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…

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…

Staying on top of your bookkeeping is essential if you plan to run a tight ship at your nonprofit or church. As a bookkeeper, there is no shortage of tasks,…