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 [...]
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 [...]
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 [...]
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 [...]
5 Questions to Ask Your Fund Accounting Vendor
When your nonprofit is looking to change its financial system, it would be nice to have a crystal ball. You’d [...]
Telling Your Nonprofit’s Financial Story: Key Elements for an Engaging Annual Report
It’s year-end wrap-up time. You’ve closed the books, successfully completed another audit season, and submitted all necessary filings. You are [...]
4 Best Practices for Setting Your Accounting Team Up for Success Next Year
It’s that time of year again—you’ve finally made it through your fiscal year-end, closed all your books easily, and had [...]
