Nonprofits and churches create budgets for a variety of reasons. The bank might require a budget prior to lending money. Your board of directors or elders may require a budget…

Missteps in your grant allocation can lead to significant financial inefficiencies and hinder your organization’s ability to maintain programs and trust with donors. Without proper grant management, your organization can…

This is a guest article provided by Cassidy Jakovickas, CPA at MBS Accountancy. It’s been said that hiring is like dating, and it’s a fairly accurate analogy. It’s challenging trying…

Many nonprofits make the mistake of looking at having cash reserves on hand as a luxury instead of a necessity, when in fact, keeping reserve funds set aside for unforeseen…

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.…

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…

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…

Improve transparency and get more granular insight into the spending and budgeting across your organization with Aplos’ advanced features. Share reporting with your team, track fixed assets, get balance notifications…