Remove Education Remove Nonprofit Accountability Remove Nonprofit Finance
article thumbnail

Accounting Basics for Nonprofits - A Primer for Non-Finance Leaders

Nonprofit Fixer

When you’re busy leading a nonprofit—developing program strategies, cultivating donors, supporting staff—thinking about accounting and finance can feel like an afterthought. But to be successful, nonprofit leaders need a functional grasp of the basics of nonprofit accounting and financial management.

Finance 52
article thumbnail

Nonprofit treasurer duties: Where you should focus

The Charity CFO

A position to oversee finances may sound a lot like an accountant, but there are important distinctions between the two. Many nonprofits do not have in-house accountants and choose to outsource instead. What are the qualifications for nonprofit treasurer duties?

Finance 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

501(c)(3) Checklist: Preparing for Nonprofit Status

Top Nonprofits

There are many categories of nonprofits, but nonprofits need a charitable purpose to qualify as a 501(c)(3). This purpose might be religious, scientific, literary, or educational. Have a detailed financial plan and accounting system in place. A full list of charitable purposes can be found in IRS Publication 557.

Finance 52
article thumbnail

5 Common Misconceptions (& Realities) About Nonprofit Audits

NonProfit Leadership Alliance

Its no secret that effective financial management is critical for nonprofits to thrive. However, many aspects of nonprofit finance can be confusing or difficult to navigate, from deciding how much of your budget to spend on overhead to choosing an accounting platform to organize your records. Did you enjoy this story?