Nonprofit Chart of Accounts: Limitations Using Quickbooks

Nonprofit Chart of Accounts: Limitations Using Quickbooks

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...
Nonprofit Payroll Taxes: Everyday Answers on Allocating Funds

Nonprofit Payroll Taxes: Everyday Answers on Allocating Funds

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 Questions: Real World Answers

Nonprofit Bookkeeping Questions: Real World Answers

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 Questions: Real World Answers

Fund Accounting Questions: Real World Answers

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...