Nonprofit Accounting Basics for Founders, Board Members & Executives
The Charity CFO
JANUARY 17, 2022
You can grasp nonprofit accounting basics in just a few minutes, even if you’ve never taken an accounting course (and even if you hated math in high school). Revenue is inflows that increase economic wealth. Expenses are outflows of cash that decrease economic wealth. Donations of goods (food, clothing, supplies).
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