Accounting Principles Accounts Payable Budgeting Reconciliations 
The Charity CFO
FEBRUARY 4, 2022
Nonprofits must maintain thorough and accurate financial records to comply with both Generally Accepted Accounting Principles ( GAAP ) and maintain their tax-exempt status with the IRS. Prepare bank reconciliations. Allocate revenue and expenses to restricted fund accounts . Determine budgets and wages.
Spreadym
JUNE 19, 2023
Control Accounts Payable: Effectively manage your accounts payable by negotiating favorable payment terms with suppliers, taking advantage of early payment discounts, and optimizing your inventory levels to avoid tying up excessive cash in stock.
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