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Revenue Recognition for Nonprofits: 4 Mistakes to Avoid

The Charity CFO

Revenue recognition for nonprofits may seem fairly straightforward, but has unique complexities with important compliance consequences. Nonprofits rely on a mix of sources for their income, from fundraising, grants, and investments to earned income and individual contributions. Not Recognizing Revenue at the Right Time.

Finance 52
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Top 5 Mistakes Caught in a Nonprofit Audit

The Charity CFO

Most nonprofit leaders aren’t accountants and the thought of getting audited is a sizable fear. Luckily, being prepared can help you avoid accounting mistakes that could come up in a nonprofit audit. This guide will help you better understand the common mistakes nonprofits make in their accounting systems.

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Nonprofit Tax Filing: 7 Steps to Peace of Mind

The Charity CFO

Nonprofit leaders have an especially hard time understanding, preparing and filing their returns. You see, a 501 nonprofit corporation is recognized as tax-exempt by the IRS but this doesn’t mean they are exempt from filing taxes. Fortunately, filing taxes for a nonprofit doesn’t need to be stressful.

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How Six Sigma Certification is a good choice for Career

Nonprofit Marketing Insights by GlobalOwls

How Six Sigma Certification is a good choice for Career. Any organization using Six sigma methodologies maintains the appropriate data-driven approach and discipline to eliminate defects. This process is utilized by many engineering, manufacturing, and product-based industries. Six Sigma certification! Yellow Belt. Master Black Belt.

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Donation Processing Set-up: 4 Tips for New Nonprofits

Get Fully Funded

Setting up an online donation system might seem like an easy next step in your nonprofit’s journey. For newer nonprofits, making informed decisions about how to get set up with donation processing can be especially difficult, and for good reason. The answer is more complicated than many people might expect. It’s a complicated process.

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6 Effective Donor Retention Strategies for Small Nonprofits

NonProfit Hub

Small nonprofits can scarcely afford to lose any donors from one year to the next, given the expensive and time-consuming effort that donor acquisition represents. It can be tempting for small nonprofits to focus heavily on donor acquisition. This means that your nonprofit must first master the art of effective donor retention. .

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Donor Segmentation | Comprehensive Guide + Tips for Success

Bloomerang

When you started your nonprofit, you likely had a core group of supporters who provided donations and funding on a regular basis. That’s why nonprofits need donor segmentation. Donor segmentation is the process of separating your nonprofit supporters into groups based on common qualities and characteristics they share.

Retention 114