Many non-profit organizations recognize that a community’s generosity is their lifeline. While cash is a typical form of donation, the other is in-kind donations. These include goods and services provided to the organization rather than money. Such contributions play a significant role in a nonprofit’s mission and its execution. This includes donated food, professional services, […]

A non-profit organization that faces an audit creates potential concern. This concern typically originates from leadership and staff members alike. Accurate records, transparent reporting, and a reliable bookkeeping system all work together to ensure you meet the best practices. Your audits will become easier as a result, and you won’t have to see it as […]

Accounting, as designed, differs for both non-profit and for-profit organizations alike. The principles of accuracy and compliance apply to both. Nonprofit bookkeeping, however, utilizes unique missions, funding sources, and requires reporting standards that differ from those of its for-profit counterparts. As a non-profit leader, stakeholder, or financial professional seeking clarity, understanding the differences between for-profit […]