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Why Every Nonprofit Needs a Skilled Accounting Team

The Charity CFO

Thats why one of the foundational principles of The Charity CFO Financial Blueprint is Accounting Team : Every organization needs a skilled accounting team , minimally consisting of an accounting associate or bookkeeper and a CFO or finance director. If you want to download this blueprint, click here.

Finance 102
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Nonprofits vs For-Profit Businesses: Key Differences and Similarities

Nonprofit Fixer

Overhead: Like for-profit businesses, nonprofits have overhead and administrative costs associated with technology, payroll, rent, and other regular expenses. Legal Registrations: All for-profit businesses and nonprofits should have an EIN and be registered in a state or territory.

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The Resilient Nonprofit: A Technology Roadmap for Navigating Uncertainty

NonProfit Hub

Focus on actionable data that drives real impact: error-free contact information, complete giving history, and immediate associations – the people and organizations directly connected to your donor. Keep what you collect simple and easily understandable by anyone coming into the organization.

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The Difference Between Traditional Payroll and a PEO for Nonprofits

The Charity CFO

PEO : Takes on much of the compliance burden, helping to mitigate risks associated with employment laws and regulations. HR Support Traditional Payroll : Minimal to no HR support; your nonprofit needs to handle HR functions internally or hire separate consultants.

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Accounting: Data Behind Functional Expense Reporting

The NonProfit Times

Accurate functional expense reporting, therefore, ensures that nonprofits adhere to legal standards and avoid the risks associated with noncompliance. A llocation M ethodologies There are various allocation methods that nonprofit managers can use.

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Treasurers of All-Volunteer Organizations: Eight Key Responsibilities

Blue Avocado

It may be helpful as a starting point to talk to another nonprofit leader whose organization is engaged in the same activity. Most state nonprofit associations have helplines or publish FAQs and other guides covering these types of issues. If you’re uncomfortable asking for help, get over it quickly!

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Post-Event Surveys for Volunteers: 7 Questions To Ask

NonProfit Hub

When reading feedback about your onboarding practices, focus on these areas: Clear Expectations: Volunteers should have a detailed overview of their roles, responsibilities, and any objectives associated with their participation. They should also understand your nonprofits mission and the campaigns purpose.