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Nonprofit Accounting FAQs: Your Questions Answered

Top Nonprofits

Working at a nonprofit is a balancing act. While you may easily be able to step into different areas of your nonprofits operations, helping with accounting tasks may not be as simple. What is nonprofit accounting? How does nonprofit accounting differ from for-profit accounting?

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Understanding Nonprofit Overhead Costs: Myths vs. Reality

NonProfit Leadership Alliance

Nonprofit professionals know the implications of overhead and may be nervous to disclose just how much they spend on these operational expenses. However, we’re here to explain the importance of nonprofit overhead and debunk prominent overhead myths. What are nonprofit overhead costs?

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Nonprofit Controllers vs. Accountants: The Key Differences

Top Nonprofits

While your nonprofit should have dedicated financial professionals on its team, there are several different ways you can fill the necessary roles. In particular, many organizations debate whether to hire (or leverage outsourced services for) an accountant or a controller because there is some overlap between their duties.

Finance 52
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Nonprofit Accounting Basics for Founders, Board Members & Executives

The Charity CFO

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. with this overview of nonprofit accounting basics. . What is nonprofit accounting? That’s really all that accounting is, so don’t let the terminology intimidate you. .

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3 Top Compliance Challenges for Nonprofits + Expert Advice

NonProfit Leadership Alliance

There are numerous legal hurdles to clear in the nonprofit formation process and beyond. Whether you’re filing for tax-exempt recognition or recruiting volunteers for your next fundraiser, every phase of your nonprofit’s existence has guidelines that set boundaries for its operations.

Finance 246
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How to maximize efficiency with nonprofit accounting software

The Charity CFO

How can nonprofit accounting software help your organization with efficiency? In today’s digital age, technology has revolutionized almost every aspect of business operations, including accounting and finance. Where to start with nonprofit accounting software Nonprofits have to comply with strict financial accounting standards.

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The Role of the Board in Nonprofit Financial Oversight

NonProfit Hub

The Role of the Board in Nonprofit Financial Oversight Your board takes on many tasks to ensure your organization runs smoothly. Help your board execute its essential role in overseeing your nonprofits finances and keeping your organization afloat. How Nonprofit Leadership Can Assist Drafting policy recommendations.

Finance 75