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. Create invoices for goods, services, and donations. Enter bills and vendor invoices. Invoicing . Organize and maintain receipts .

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

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. . Unpaid bills (accounts payable). Sales of products or services.

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

Spreadym

JUNE 19, 2023

Monitor Cash Inflows: Track all sources of cash inflows, such as sales revenue, investments, loans, or other income. Manage Accounts Receivable: Monitor your accounts receivable closely, ensuring that customers pay their invoices on time. monthly, quarterly, or annually).

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52