Remove Budgeting Remove Cost Management Remove Financial Reporting Remove Planning
article thumbnail

From Necessary Evil to Mission Fuel: The Strategic Role of Nonprofit Financial Statements

The Charity CFO

Statement of Activities Financial Uses Assessing Revenue Sources : Analyze the various revenue sources of a nonprofit, such as donations, grants, program fees, and investment income. This information is crucial for financial planning, budgeting, and identifying potential areas of revenue growth. accounts payable, loans).

article thumbnail

10 KPIs to Track Business Performance

The Finance Weekly

In managing a small business, it's important not to rely solely on your intuition. Key Performance Indicators (KPIs) play a crucial role, especially in , financial reporting. To assess your company's financial well-being, it's better to be objective rather than subjective. Why KPIs are Important to your Business?

article thumbnail

What to look for in nonprofit accounting financial statements

The Charity CFO

Nonprofits use financial statements to comply with IRS regulations, build trust with donors, and plan for the future. You may think that nonprofit financial statements are the same as those at for-profit companies, but this is not the case. Need help with nonprofit accounting financial statements? Get the free guide!