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The Complete Guide to Nonprofit Accounting Careers

The Charity CFO

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