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A Quick Guide to Nonprofit Surpluses and Deficits

Nonprofits should be run like a well-run for-profit. The difference is you reinvest those profits back into the mission instead of distributing to the owners.  In the for-profit world, we call them "profits" and ...

You Just Became a NonProfit's Treasurer. Now, What Should You Do?

  You exit your nonprofit's latest board meeting, having just been elected or appointment treasurer – and now what? Its a daunting task, for most. If you ...

Understanding Indirect Cost Allocation and How It Directly Affects Your NonProfit

In all kinds of businesses, job costing is essential to making the kinds of data-driven decisions that will increase profits and grow the company. In a ...

Reports that Enable Collaboration: Tools for Nonprofit Boards and Management that Help Achieve Your Mission

In a perfect world, your organization's staff, management and board of directors all operate together as a well-oiled, well-planned machine, while making ...

The NonProfit's Guide to Making Data-Driven Decisions

Just like a for-profit, a nonprofit needs actionable financial intelligence to make strategic decisions for the long-term success of the mission. In many ...

Why Financial Management of a Nonprofit is Harder than a For-profit

Compared to other types of organizations, nonprofit financials are often more difficult to manage. NonProfits Have Unique Needs and Face Unique ...

Nonprofit Bookkeeping Requirements You NEED to Know

High level executives sometimes crossover from the world of for-profit business to a nonprofit organization at some point in their careers. If you find ...