Want to save time and reduce overwhelm in your nonprofit work?
I admit it. In my first go-around working as an accountant in a nonprofit organization, I thought I had it all figured out. I had been doing accounting work for about 20 years before that. Mostly focused on small businesses but in different industries like service,...read more
If you are within your first month or first year working with the finance area of a nonprofit organization (NPO), you may have already come to realize that nonprofit organizations have different needs than for-profit businesses. For instance, they have: different...read more
Nonprofit Organizations (NPO) are different than small business clients. It’s important at the first meeting with your new client on DAY 1 that you consider different aspects for these nonprofit clients: different chart of accounts (with 3 net asset classes) different...read more
There are many important things that need to be tracked in a good bookkeeping system for nonprofits. However, I can’t emphasize enough the need to have a detailed system for tracking donors. As in a for profit business that wants to know everything it can about its...read more