Statement of Activities: Common Mistakes and How to Avoid Them
The Statement of Activities—commonly referred to as an SOA—is one of four essential financial statements for nonprofit organizations. It offers [...]
5 Tips for Community Health Centers to Transition to New Fund Accounting Software
The right fund accounting software can save you time and streamline your processes. But as a community health center, you’re [...]
4 Financial Metrics to Increase Transparency for Your Nonprofit
Every day, you and your donors are inundated with thousands of pieces of news and bits of information. It can [...]
7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024
Working with a lean budget means even the slightest unexpected expense can create a stressful situation. Even though inflation made [...]
How Nonprofit Accounting is Different from Small Business Accounting
Accounting is an essential part of any ongoing enterprise. It is the meticulous process of recording and organizing financial transactions [...]
Don’t Make These Common Mistakes When Filing Your Form 990
Your tax-exempt status may keep you from having to file traditional tax returns, but maintaining the designation comes with its [...]
Creating Financial Transparency with Your IRS 990 Series (and Maintaining Tax Compliance)
Your finance office is driven by deadlines. Pay these bills by Friday. Close the books by the 10th. Pull these [...]
How to Improve On-Time Tuition Payments
Private and independent schools rely on tuition to fund operations. In its 2023–2024 Trendbook, the National Association of Independent Schools [...]
5 Ways Fund Accounting Simplifies Food Bank Reporting
When people in your community are hungry, you look for any opportunity to be more efficient so that you can [...]
10 Tips for Better Grant Management Processes
While grant funding may not require the continual stewardship efforts and nurturing of traditional donor-led funding, it often presents its [...]