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Nonprofit Accounting Basics for Founders, Board Members & Executives

The Charity CFO

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). Accounts payable is an account containing any outstanding bills or invoices that you haven’t yet paid. Office supplies. Program supplies. Distribution or use of donated goods.

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Two CFO-Level Accounting Tools to Add Value to Your Accounting Services

The CFO College

There are new documents and files that come in on a daily basis (invoices, AP, AR, receipts, etc). Keep in mind that not all transactions will have an invoice, such as depreciation expense. When you bill two clients at $4,200 per month, just do the math. It could ultimately only be two clients away.