Fund accounting helps nonprofits become more accountable to funding sources by tracking donor revenue designated for specific purposes.
Author: Joseph Scarano
Tracking revenue and allocating expenses can be a daunting task for nonprofits. Our advisor answers questions on nonprofit revenue and expenses.
Managing nonprofit restricted funds can be challenging due to strict rules. Our advisor answers questions on donor restrictions placed on donations and grants.
Nonprofits sometimes get caught up with donor restrictions imposed on donations and how to use these funds to pay expenses. What is the best way to pay expenses using donor restricted funds and remain compliant?
Faced with limitations on direct and indirect cost recovery, funding nonprofit overhead can be challenging and confusing for nonprofits.