The nonprofit chart of accounts tracks revenue and expenses and is the heart of every nonprofit accounting system. For-profit businesses have one bottom line — making a profit. Nonprofits have two bottom lines: fulfilling its mission and having the necessary funding...
Allocating funds to pay nonprofit payroll taxes is complex and challenging. Questions often arise on how to allocate payments between different funding sources. Editor’s Note: The following questions and answers represent real world challenges nonprofits...
Nonprofit bookkeeping requires understanding nonprofit unique accounting requirements. This post explores everyday, real-world questions bookkeepers encounter. Editor’s Note: The following questions and answers represent real world challenges nonprofits...
Fund accounting helps nonprofits become more accountable to funding sources by tracking donor revenue designated for specific purposes. Editor’s Note: The following questions and answers represent real world challenges nonprofits encounter managing nonprofit...
Tracking revenue and allocating expenses can be a daunting task for nonprofits. Our advisor answers questions on nonprofit revenue and expenses. Editor’s Note: The following questions and answers represent real world challenges nonprofits encounter managing...
