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Nonprofit Chart of Accounts: Samples and How to Get Started

7 min read March 26, 2024 Just four financial reports are required for nonprofit organizations: the statement of financial position (balance sheet), statement of activities (income statement), statement of cash ...

How Much Does A Nonprofit Audit Cost?

9 min read March 12, 2024 Nonprofit organizations do not pay taxes, so they are not subject to audits performed by the Internal Revenue Service. Audits, ...

Seven Signs You Need a Better Fund Accounting System

7 min read Nonprofit leaders face plenty of challenges and adversity when it comes to accomplishing their missions, attracting and retaining donors, and ...

The Key To Reporting on Multi-Year Grant For Your Nonprofit

7 min read Multi-year grants with unrestricted funds are incredibly valuable to nonprofits because they provide money upfront which allows for the ...

A Fundraising Appeal: When Does Your Nonprofit Need One?

6 min read Most donors understand that nonprofit organizations are always open for donations – even if your donor communications do not always ...

Why Your Nonprofit Should Focus On ACH Recurring Donations

6 min read Cultivating reliable revenue streams can be a major challenge for nonprofit organizations. While year-end giving represents the largest portion ...

7 Financial Reports Every Nonprofit Should Monitor

9 min read The most successful nonprofit organizations – no matter how small or large – are run just like for-profit corporations, meaning their leaders ...