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Nonprofit Accounting Services: The Right Solution

The Charity CFO

What should you look for when evaluating nonprofit accounting services? Nonprofit organizations exist to further a mission or goal. Whether you are an educational, charitable, religious, sports, or other public-benefit organization, you need to have a good handle on your finances in order to make the most impact.

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Fund Accounting for Nonprofits & Charities

The Charity CFO

Nonprofits often receive donations or grants designated for a specific purpose–like a donation to a specific program or grant you have to spend within a calendar year. And the issue of restricted funds presents unique bookkeeping and accounting challenges for a nonprofit that a for-profit company doesn’t face.

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Top 5 Nonprofit Financial Red Flags According to a CPA

The Charity CFO

As a CPA working exclusively with nonprofits and a former nonprofit auditor, I’ve looked at thousands of nonprofit financial statements over the past 10 years. Over the years, I’ve identified a set of 5 nonprofit financial red flags that are fairly common and almost always lead to trouble sooner or later.

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The Accounting Basics Every Nonprofit Team Member Should Know

NonProfit Hub

This blog will be a great place to start, but if you find yourself praying no one asks you questions about the financials in your next board meeting, you may want to check out our Nonprofit Accounting Essentials course in partnership with The Charity CFO. . I signed on to further a cause, not to be the accountant!

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501(c)(3) Checklist: Preparing for Nonprofit Status

Top Nonprofits

If you’re looking into starting a nonprofit, you’re likely passionate about a particular cause. You know that your first step is creating a nonprofit and you start by establishing a brand, building a website, and getting the word out. This purpose might be religious, scientific, literary, or educational.

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Nonprofit Revenue Recognition Part 1 of 2

Non Profit Accounting Academy

One standard applies only to nonprofits and covers contributions. The other standard applies to all entities, for-profit and nonprofit, and covers exchange transactions. Nonprofit organizations typically follow two patterns for entering income: All income is recorded as cash is received, or. How It’s Done Now. Contributions.

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The Secrets to Successful Grant Writing

The Charity CFO

Grant writing may be the most valuable skill in nonprofit fundraising. Many nonprofits–established as well as new ones–are intimidated by the process. What NEW nonprofits can do prove they’re worthy of funding . For more nonprofit accounting resources check out www.thecharitycfo.com . A Modern Nonprofit Podcast.