by wp_support | Oct 20, 2022 | Bookkeeping
Overall, the Statement of Cash Flows is a valuable tool for understanding the cash flow position of a nonprofit organization and assessing its financial health. In the Investing Activities section, the statement shows the cash flow from the organization’s investments...
by wp_support | Aug 22, 2022 | Bookkeeping
It is crucial to select a firm that not only possesses extensive experience in nonprofit audits but also has a deep understanding of both national and state-specific regulations. Such a firm can provide expert guidance on federal “Single Audit” requirements, ensure...
by wp_support | Jun 24, 2021 | Bookkeeping
Since you’ve already identified many of your organization’s expenses, start by outlining and categorizing those costs. Budgeting is a vital financial management practice for nonprofits, regardless of the method used. For smaller nonprofits like “Feeding Our City,”...
by wp_support | Dec 1, 2020 | Bookkeeping
Stakeholders will get the clear understanding they need, and your team will have useful and accurate data they can rely on for effective financial planning and decision making. These documents are useful not only for strategic planning and forecasting, but for...
by wp_support | Sep 21, 2020 | Bookkeeping
Unlock the principles of accrual accounting with a clear guide to recording and managing accrued salaries in your financial statements. These entries help track the payroll process, ensuring that salaries are recorded accurately and that all deductions and payments...
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