Do Nonprofits Use Cash or Accrual Accounting?
The Charity CFO
APRIL 5, 2022
So, if today a donor pledges to donate $100 to you next year , you’ll record that donation today rather than next year when the money will arrive in your bank account. And many large grantmakers, foundations, and banks may insist on accrual-based financials to give you funds. Accounts payable. Notes payable.
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