The Charity CFO

APRIL 26, 2024

Here are seven questions to ask a nonprofit accountant before working with them. As a nonprofit leader, you know nonprofit accounting isn’t the same as for-profit business accounting. Yet, it’s all too common for nonprofits to hire an accounting team with little to no experience in nonprofit accounting.

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The Charity CFO

AUGUST 15, 2023

In this section, we will debunk the three most common nonprofit accounting myths. Myth #1: Nonprofit Accounting is Completely Different from For-Profit Accounting One reason accountants seeking a new role may steer clear of a nonprofit accounting position is that they assume the methods are completely different.

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The Charity CFO

JANUARY 17, 2022

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. . Under cash accounting, you would show the revenue in September and the expenses in October.

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PYMNTS

NOVEMBER 16, 2018

The reality is 99 percent of banks don’t want to mess with them, [because] there’s a lot of internal compliance if you’re going to serve the cannabis industry,” noted Jim Marty of Bridge West CPAs, a Colorado accounting firm that represents roughly 250 cannabis businesses and license holders nationwide.

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