Remove Activism Remove Management Remove Nonprofit Accountability Remove Nonprofit Finance
article thumbnail

The 5-Minute Guide to Nonprofit Finances

The Charity CFO

It’s a myth that all stakeholders need to be experts in every aspect of nonprofit finances. Even on nonprofit financial committees, some members may be skilled in accounting, others in banking, and others in investing or financial analysis. Because the basics of nonprofit finances are easy to grasp. .

article thumbnail

How to Manage Payroll for Your Staff: A Nonprofit Guide

Top Nonprofits

In this guide, we’ll explore how to manage payroll for your staff. The first step to effectively manage staff payroll is to gain a holistic understanding of your employees’ efforts and compensation. This data is crucial to effective financial management and nonprofit compliance, especially for annual filings such as Form 990.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Internal Controls for Safe Nonprofit Finances

Top Nonprofits

Nonprofit accounting is unique when compared to for-profit accounting. This is primarily because nonprofits agree to reinvest all of their revenue back into the mission at hand in exchange for tax-exempt status. Generally, they’re segregated into four categories: Financial managers or leadership.

Finance 52
article thumbnail

Nonprofit Finances: A Quick Guide for Nonprofit Growth

Nonprofit Megaphone

Whether you need to take some simple steps to solidify your financial management approach or completely overhaul it, your organization will be able to accomplish more for your mission when you’ve fine-tuned your strategy. In this guide, we’ll cover the core elements of healthy nonprofit financial management.

Finance 52
article thumbnail

What is Financial Forecasting and Why Does it Matter to Nonprofits?

The Charity CFO

Specifically, a financial forecast , sometimes called a projection, is an estimation of an organization’s projected financial conditions based on past and current finances. It’s your guide for how you plan to spend and receive funds, kind of like a financial blueprint for the year’s activities.

Finance 52