Remove Accounts Payable Remove GAAP Remove General Ledger Remove Reconciliations
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The Basics of Nonprofit Bookkeeping

The Charity CFO

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. Execute data entry to keep the general ledger current . Organize and maintain receipts .