Accounting Principles Nonprofit Profit and Loss 
The Charity CFO
JANUARY 17, 2022
If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. with this overview of nonprofit accounting basics. . What is nonprofit accounting? That’s really all that accounting is, so don’t let the terminology intimidate you. .
The Charity CFO
JANUARY 31, 2022
The Statement of Activities is the Income Statement of a nonprofit organization. You may also know it as a profit and loss statement or income and expense report. In the for-profit world, they call the difference between revenues and expenses net income. Or profit. . It shows you the “profit” of your nonprofit.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
The Charity CFO
FEBRUARY 25, 2022
If you’re brand new to nonprofit accounting, the Chart of Accounts might be the best place to start. Because even if you only have one bank account, bill, investment, or expense, you’ll need one. What is a Chart of Accounts? How to Organize a Nonprofit Chart of Accounts . Assets-1000s.
The Charity CFO
JANUARY 13, 2022
In-kind donations help your nonprofit get the resources you need to carry out your programs without asking for more cash. But accounting for in-kind donations presents its own unique challenges. Accounting for in-kind donations isn’t just important; it’s required for many nonprofit organizations. .
The Charity CFO
JANUARY 19, 2023
Accounting standards for nonprofits are probably not the first thing you think about, but are crucial for your organization to succeed. Nonprofit organizations distinguish themselves from for-profit entities through their purpose and mission. Another difference is in fund accounting.
The Charity CFO
JANUARY 26, 2023
Nonprofit leaders have an especially hard time understanding, preparing and filing their returns. You see, a 501 nonprofit corporation is recognized as tax-exempt by the IRS but this doesn’t mean they are exempt from filing taxes. Fortunately, filing taxes for a nonprofit doesn’t need to be stressful.
Expert insights. Personalized for you.
Let's personalize your content