The Charity CFO

FEBRUARY 4, 2022

But the experience, responsibilities, and deliverables required of bookkeepers are very different from those required of accountants. . A bookkeeper records and organizes financial data; an accountant interprets and presents that data. . Record and classify payments and bank transfers . Invoicing .

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

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. What is Modified Cash Basis Accounting?

Nonprofit 98

Nonprofit Accounting GAAP Auditing 98

Spreadym

JUNE 19, 2023

Manage Accounts Receivable: Monitor your accounts receivable closely, ensuring that customers pay their invoices on time. Implement efficient invoicing processes, offer incentives for early payments, and promptly follow up on overdue payments to minimize the risk of cash flow gaps.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52