Practically everyone has heard the saying, “It takes money to make money,” and that phrase also rings true when it comes to fundraising for your nonprofit. Whether your organization is…

The members of a church’s finance committee have a huge responsibility. They are tasked with collecting and disbursing funds to make sure the church remains financially sound. They must also…

When someone managing a nonprofit needs to understand their organization’s financial standing, it’s generally a best practice to start with their financial reports. But some organizations, unaware of the ways financial…

Nonprofit organizations are more than just charitable institutions. They also often have unique needs and goals that require specific financial reporting methods to measure their success and efficiency. The fund…

Back in 2016, the FASB (Financial Accounting Standards Board) approved several changes regarding nonprofit financial statements. One of the more significant rules, also known as ASU 2016-14, states that all…

Quite often, the church or the pastor (or both) pay for expenses related to church business, which can quickly add up over time. What many members and church leaders fail…

A treasurer is a key position in any organization. In the nonprofit sector, the treasurer usually helps the board navigate the finances for the organization and reports on them to…

QuickBooks® is one of the most popular accounting software options on the market, but its “one size fits all” approach can cause quite a few challenges when it comes to…

Your church database is more than just a place to store contact information. It’s a tool that can help you shepherd your people better. Here are five best practices for…

What are in-kind expenses? These expenses refer to how an organization uses goods or services that are given to the nonprofit in place of cash. This article will discuss the…