Bookkeeping

Think of it as a roadmap that helps your team manage financial resources effectively, ensuring you have the funds to support your programs and initiatives. In this guide, you’ll walk through the essentials of budgeting for nonprofits, covering different budgeting […]

Strengthen your nonprofit’s financial management framework and support your mission’s success. Schedule a FastFund demo today to see how we can help your organization thrive. A nonprofit budget is not just a financial document; it is a key tool for strategic […]

AccuFund is an excellent resource for nonprofits looking for a https://nyweekly.com/business/accounting-services-for-nonprofits-benefits-and-how-to-choose-the-right-provider/ reliable financial management tool. As your nonprofit grows and steps out into more complicated financial projects, AccuFund lets you purchase tools that fit your organization’s needs. Fund accounts make […]

Nonprofit fund accounting differs from for-profit accounting because it ensures accountability to the donors’ wants and tracks how these funds are allocated. We find that small to mid-sized nonprofits benefit most from investing in the Plus or Advanced plans of […]

Effective reconciliation processes help detect fraud and uncover cash manipulations, which could indicate accounting errors or intentional wrongdoing. The sooner you catch fraud, the better your chances of recovering stolen funds and preventing further damage. Regular bank reconciliations, performed on […]

Accounting for Amazon Sellers Expert Bookkeeping & Financial Solutions If you’re an absolute beginner or have little idea about bookkeeping, you must get educated. Invest time in knowing the basics of bookkeeping and how it works. Don’t go over budget […]

Accrual Accounting: Principles, Types, and Common Mistakes Deferred revenue is the term used when your business has received payment for a good or service you haven’t yet provided to them. For example, if your customer has paid for a magazine […]

For an internal review, your organization’s own management or finance team evaluates your financial practices and strategy. While helpful for routine oversight, internal reviews lack the objectivity and professional validation of an external audit. The cost of an independent audit […]

Aligning accounting practices with the organization’s structure, whether it operates on an accrual or cash basis, is also essential. An independent audit may be among the nonprofit audit requirements for those enterprises receiving federal funding. Congress to assure compliance with […]

Of the many different financial statements professionals might deal with on any given day, one of critical importance is known as the contribution margin income statement. What makes this statement so important is its ability to show profit potential. It […]