Have you ever posted a journal entry in your accounting for your nonprofit and then went back later and wondered, “Why did I do that?” It’s not that uncommon, so…

If your nonprofit does fundraising, you will probably receive items that can be used in a silent auction or sold in a raffle. But how do you treat these donations…

Intro To Nonprofit Accounting: Lesson 7 In the final lesson of this series, we will take a look at the nonprofit accounting standards your accounting system needs to adhere to.…

Intro To Nonprofit Accounting: Lesson 6 Learn what internal controls are when it comes to accounting and how you can use them to protect your nonprofit. In previous lessons, we…

Intro To Nonprofit Accounting: Lesson 5 Ready to learn about nonprofit financial statements, a.k.a. reports? We will take a look at the two reports every organization needs, a third report…

Intro To Nonprofit Accounting: Lesson 4 A general ledger is a list of transactions by account. In this lesson, we will take a deeper look at transactions. We’ll discuss what…

What Is a Nonprofit Chart of Accounts? A nonprofit chart of accounts for your organization is the list of each account that money comes into, or out of, in your…

An Intro to Nonprofit Fund Accounting: Lesson 2 What is fund accounting, and what does it have to do with nonprofits, charitable, or religious organizations? It’s a standard almost all…

Intro To Nonprofit Accounting: Lesson 1 This lesson will introduce you to what accounting is and how you can apply it. In short, it is the process of keeping track…

There are several different types of payroll taxes. Most employees or self-employed individuals pay taxes, either directly withheld through a payroll deduction or when filing their personal income tax return.…