One primary trait of healthy nonprofit organizations is exercising solid financial management policies and strategies that will put your cause in a position to be successful for the foreseeable future.…

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…

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…

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…

Being awarded a grant is a great honor for nonprofits. The application process takes hard work, and there is often a lot of competition. But what happens after your organization…

If you have a nonprofit (tax-exempt) organization that sometimes has cash flow issues during the year, you should know that you are not alone. It isn’t unusual for all sizes…

One of the first things people should learn when they’re thinking of starting a nonprofit is understanding the difference between normal accounting and fund accounting. Because nonprofit organizations focus on…

Nonprofit Financials If you’re thinking of starting a nonprofit, or you’re trying to learn more about how to run your nonprofit from an accounting standpoint, then it’s important you understand

One of the primary roles of a nonprofit board of directors is to provide fiscal oversight for the organizations they serve. However, there are different approaches to financial oversight by…