article thumbnail

The Basics of Nonprofit Bookkeeping

The Charity CFO

Do a Google search on nonprofit bookkeeping, and you’ll find page after page of articles on nonprofit accounting. Because while nonprofit bookkeeping and accounting are related, they’re not the same thing. A bookkeeper records and organizes financial data; an accountant interprets and presents that data. .

article thumbnail

Why Businesses Are Choosing Other Options Over Excel Spreadsheets for Financial Forecasting

Centage

Limited Visibility To conduct financial data analysis, your business needs to test various hypothetical scenarios. If your business is outgrowing Excel, you are not alone, and it may be time to switch to another financial forecasting solution. A single miscalculation could lead to significant monetary loss.

article thumbnail

Why Businesses Are Choosing Other Options Over Excel Spreadsheets for Financial Forecasting

Centage

To conduct financial data analysis, your business needs to test various hypothetical scenarios. If your business is outgrowing Excel, you are not alone, and it may be time to switch to another financial forecasting solution. Regularly modify and monitor your financial plan. Limited Visibility.