Statement of Activities (SOA): A Nonprofit’s Income Statement Equivalent
Learn how nonprofits use a Statement of Activities report to showcase the organization’s financial performance and build trust with donors. [...]
Statement of Cash Flows: How Nonprofits Track Inflow and Outflow of Money
A Statement of Cash Flows is a detailed financial view used by nonprofit organizations to track inflows and outflows of money. [...]
Untangling (and Preparing for) the New Uniform Grant Guidance
Top ten updates that will be implemented on October 1, 2024 It’s the news that all our grant enthusiasts and [...]
Nonprofit Accountant vs. Fractional CFO: The Key Differences
Effective nonprofit financial management is a team effort. Having multiple people working on your organization’s finances helps ensure accuracy—not only [...]
Finance Best Practices for Your Grantmaking Organization
As a grantmaker, you expect organizations you support to manage their awards effectively, accurately, and responsibly. Those same expectations should [...]
Nonprofit Budgeting and Forecasting Made Easy with Fund Accounting Software
It’s budget season, and the spreadsheet chaos has begun. But you want to make this year different. You want to [...]
I Signed up for What?! A Primer for Pre- and Post-Award Grant Readiness
In the last five years, nonprofits have witnessed a significant upswing in the availability of federal funding. Initiatives like the [...]
5 Ways Fund Accounting Simplifies Financial Reporting for Community Health Centers
With multiple points of accountability and dynamic funding sources, accounting professionals in community health centers face complex challenges. Not the [...]
Taking the Guesswork out of Managing Restrictions with a Fund Accounting Solution
You know how important it is to manage your funds according to their purpose and source. That includes ensuring that [...]
Your Unrestricted Funds Need Stewardship, Too
Since she signed the Giving Pledge in 2019 and began her momentous campaign of organization-changing donations, MacKenzie Scott has given [...]
