The Charity CFO

DECEMBER 15, 2023

While the nature of a nonprofit means you’re focusing more on your mission than making money, bringing in revenue is still essential. This can lead to unique accounting and recordkeeping challenges that for-profit businesses don’t have to face—especially related to revenue classification.

Nonprofit 52

Nonprofit Compliance CFO Valuation 52

The Charity CFO

APRIL 5, 2022

If you’re like many people, you probably think that there is a single set of accounting rules that every company must follow. . But that’s not quite true—nonprofits face a decision between 2 different accounting methods for tracking their financial activity: cash accounting vs. accrual accounting.

Nonprofit 98

Nonprofit Accounting GAAP Auditing 98

The Charity CFO

JANUARY 11, 2023

Revenue recognition for nonprofits may seem fairly straightforward, but has unique complexities with important compliance consequences. Nonprofits rely on a mix of sources for their income, from fundraising, grants, and investments to earned income and individual contributions. Not Recognizing Revenue at the Right Time.

Nonprofit 52

Nonprofit GAAP Accounting Principles Auditing 52

The Charity CFO

SEPTEMBER 28, 2022

If you manage a nonprofit, you know very well that every day there are a million and one things to be done. And, of those a million and one things, bookkeeping is not at the top of your favorite things to do list. . But nonprofit bookkeeping doesn’t have to be so stressful. Top Nonprofit Bookkeeping Tips.

Nonprofit 105

Nonprofit Invoicing Accounting CFO 105

The Charity CFO

APRIL 12, 2022

Cash flow isn’t just an issue for small nonprofits that depend on donations to meet payroll each month. A lack of cash on hand impacts nonprofit organizations of all sizes. A few years ago, we were working with a fully-funded nonprofit. . Why does nonprofit cash flow matter? . But why, exactly?

Nonprofit 105

Nonprofit CFO Accounting Accounts Payable 105

The Charity CFO

FEBRUARY 8, 2023

Does your organization pay close attention to your nonprofit statement of cash flows? While these are important components of a nonprofit’s success, the statement of cash flows is critical to understanding the timing and sources of cash moving in and out of your organization. Loans would fall under this category.

Nonprofit 52

Nonprofit CFO Accounts Payable Concentration 52

The Charity CFO

JANUARY 31, 2022

The Statement of Activities is the Income Statement of a nonprofit organization. As a nonprofit, you call the difference between revenue and expenses the change in net assets. . As a nonprofit, you call the difference between revenue and expenses the change in net assets. . Revenue includes all flows of cash into your business.

Nonprofit 98

Nonprofit Profit and Loss Auditing GAAP 98