Remove Accounts Payable Remove Financial Reporting Remove GAAP Remove Reconciliations
article thumbnail

The Basics of Nonprofit Bookkeeping

The Charity CFO

Nonprofit bookkeeping is the process of entering, classifying, and organizing financial data for the purpose of creating accurate financial records for your organization. Prepare bank reconciliations. Allocate revenue and expenses to restricted fund accounts . And it’s impossible to do that without accurate bookkeeping.