Remove Accounting Firms Remove Accounting Principles Remove Accounts Payable
article thumbnail

Nonprofit Accounting Basics for Founders, Board Members & Executives

The Charity CFO

The basic accounting principles for nonprofit organizations are the same as accounting for for-profit companies. . So let’s start with the basics, and later we’ll dig into some of the things that make nonprofit accounting unique. . Unpaid bills (accounts payable). Accounts Payable. Net Assets.

article thumbnail

The Difference between a Bookkeeper, an Accountant, and a CFO

The Charity CFO

Their primary role is to ensure that all transactions are entered into the accounting system with accuracy and consistency. The solution for many organizations is to outsource their financial needs to a trusted nonprofit accounting firm. Hiring individuals for each role isn’t feasible for many nonprofit organizations.

CFO 52