Get Fully Funded

OCTOBER 26, 2022

Getting your programs off the ground, ensuring legal compliance, recruiting staff and volunteers, and correctly managing your nonprofit’s finances can be daunting. This checklist is a great starting point, and don’t be afraid to reach out to an expert like a nonprofit accountant for help or answers to any questions that arise.

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Finance Management Public and Nonprofit Management Nonprofits 98

NonProfit Leadership Alliance

JULY 26, 2023

In this guide, we’ll review expert tips for overcoming the top three nonprofit compliance challenges: Complying with governance guidelines Following fundraising requirements Reporting finances accurately Accuracy and thoroughness are key to maintaining compliance so your nonprofit can continue its important work.

Finance 203

Finance Governance Charitable Contribution Nonprofits 203

The Charity CFO

JULY 1, 2024

Choosing the right accounting services is crucial for the financial health of your nonprofit. The right nonprofit accountant helps your organization properly manage its finances, which improves trust and transparency with stakeholders and donors.

Nonprofit Accountability 52

Nonprofit Accountability Public and Nonprofit Management Finance Technology 52

The Charity CFO

APRIL 26, 2024

That’s why it’s so important to know what to look for in a nonprofit accountant. The next step is to ask your potential nonprofit accountant a few questions to see if they’d be a good fit for your organization. Here are seven questions to ask a nonprofit accountant before working with them.

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The Charity CFO

NOVEMBER 10, 2022

What should you look for when evaluating nonprofit accounting services? Nonprofit organizations exist to further a mission or goal. Whether you are an educational, charitable, religious, sports, or other public-benefit organization, you need to have a good handle on your finances in order to make the most impact.

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The Charity CFO

MARCH 28, 2024

Your nonprofit accounting system might not be the most exciting part of your organization, but it’s one of the most important aspects. An effective accounting system helps you stay in compliance with tax and legal regulations–helping you maintain your exempt status. However, effective accounting isn’t just about following rules.

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Nonprofit Accountability Public and Nonprofit Management Nonprofit governance and management Nonprofits 52

The Charity CFO

APRIL 1, 2024

Implementing technology into your nonprofit accounting process can help solve a variety of issues—from tracking receipts to properly recording donations. In most cases, technology helps improve the efficiency and accuracy of nonprofit accounting. Nonprofits are subject to a lot of legal and financial scrutiny.

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Top Nonprofits

MAY 24, 2024

No matter your purpose, well-managed finances yield data-driven insights that allow those in financial positions to plan and achieve the organization’s goals. To help, we’ve compiled this list of four best practices your advocacy group can implement to manage its finances more effectively.

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Finance Management Public and Nonprofit Management Nonprofit Accountability 52

The Charity CFO

MARCH 6, 2024

On today’s episode of A Modern Nonprofit Podcast , our special guest is the one and only Tosha Anderson, our very own founder and CEO. The conversation today has a very simple focus, 5 red flags that your nonprofit accounting needs improvement, even when it may not be recognized. Get the free guide!

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The Charity CFO

APRIL 2, 2024

Managing a nonprofit can be complex, especially when it comes to nonprofit accounting. Nonprofits face unique financial challenges and responsibilities that require specialized expertise and support. That’s why you need a strong accounting partner who specializes in nonprofits.

Nonprofit Accountability 52

Nonprofit Accountability Finance Technology Nonprofits 52

The Charity CFO

APRIL 25, 2024

Summary For each of these organizations, Connections and Vermont Adult Learning, their growth resulted in increased complexity in their finances. To learn more about how The Charity CFO can use technology to streamline nonprofit accounting, you can set up a consultation here. This is built upon our mission and values.”

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The NonProfit Times

SEPTEMBER 3, 2024

Flexible advanced functionality to streamline essential finance and accounting processes like nonprofit revenue recognition, grant tracking and billing, spend management and Sage Intacct Mateo to make savings and loans management uncomplicated and effortless.

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Nonprofit Accountability Management Finance Nonprofits 52

Get Fully Funded

JANUARY 16, 2024

Now that your new nonprofit is up and running, developing a solid foundation for financial management should be a top priority. The ins and outs of nonprofit accounting may seem overwhelming at first, but effectively recording and reporting your organization’s finances is essential to fund your mission.

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Nonprofit Accountability Nonprofit governance and management Nonprofit Administration and Development Finance 52

Top Nonprofits

AUGUST 22, 2022

Nonprofit accounting is unique when compared to for-profit accounting. This is primarily because nonprofits agree to reinvest all of their revenue back into the mission at hand in exchange for tax-exempt status. Internal controls are policies and decisions made to prevent the misappropriation of nonprofit funds.

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Finance Nonprofit Finance Nonprofits Nonprofit Accountability 52

Nonprofit Fixer

NOVEMBER 20, 2024

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

Finance Nonprofit governance and management Public and Nonprofit Management Nonprofit Accountability 52

The Charity CFO

MARCH 23, 2023

Nonprofit accounting financial statements may seem like a chore. Nonprofits use financial statements to comply with IRS regulations, build trust with donors, and plan for the future. You may think that nonprofit financial statements are the same as those at for-profit companies, but this is not the case.

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The Charity CFO

AUGUST 15, 2023

The nonprofit sector is full of rewarding and impactful careers because it plays a crucial role in addressing various social, environmental, and humanitarian challenges. In this section, we will debunk the three most common nonprofit accounting myths. Ready to dive deep into this exciting realm?

Nonprofit Accountability 52

Nonprofit Accountability Nonprofit governance and management Non-Profits Public and Nonprofit Management 52

The Charity CFO

APRIL 15, 2022

And show you how modern nonprofits are rethinking the way they handle specialized skills like HR and Accounting. In this episode, you’ll discover: The top 3 reasons nonprofit accountants walk out the door. Why turnover in the financial department is SO damaging for nonprofits. A Modern Nonprofit Podcast.

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Nonprofit Megaphone

JUNE 23, 2022

Your nonprofit does what you need to do to keep the core of your finances compliant. But this is often not enough for nonprofit organizations to get the most from their finances. In this guide, we’ll cover the core elements of healthy nonprofit financial management. Are you even sure your Form 990 is correct?

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NonProfit Hub

SEPTEMBER 5, 2017

Though many accounting software systems are out there, we’ve narrowed down these as some of the best bang for your buck. And when you’re on top of the ball with your finances, it’s smooth sailing for your nonprofit from there on out. The post Free and Low-Cost Nonprofit Accounting Tools appeared first on Nonprofit Hub.

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The Charity CFO

JULY 28, 2022

We’ll tell you all you need to know about complying with these new rules when accounting for leases of all types. What is ASC 842 for nonprofit lease accounting? All nonprofit accounting rules in the United States are defined and codified by the Financial Accounting Standards Board, or “FASB”.

Finance 98

Finance Nonprofits Nonprofit Accountability Activism 98

Bloomerang

FEBRUARY 16, 2024

Effective nonprofit financial management helps you maximize the value of the donations you receive and fulfill the vision of your nonprofit. 8 strategies for effective nonprofit financial management There’s more to managing your charity or nonprofit’s finances than collecting donations, although that is a critical part.

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Management Finance Nonprofits Health 100

The Charity CFO

SEPTEMBER 28, 2022

Top Nonprofit Bookkeeping Tips. Use A Simple Accounting Software . What’s our #1 nonprofit bookkeeping tip? If you are still using Excel spreadsheets or handwritten ledgers to track your finances, you need to stop asap. Instead, use simple accounting software like Quickbooks Online. . Hire a Payroll Service

Finance 105

Finance Nonprofits Nonprofit Accountability Law 105

The Charity CFO

MARCH 16, 2022

Today we’re proud to announce another amazing addition to the industry’s best nonprofit accounting team! Theresa Guest is joining The Charity CFO team in the role of Accounting Manager.

Management 98

Management Nonprofit Administration and Development Nonprofit governance and management Healthcare 98

NonProfit Leadership Alliance

OCTOBER 5, 2022

However, due to the nature of nonprofit accounting, your organization may need to use several different budgets regularly. . These allow you to discover additional insights into your organization’s finances that will help you craft future budgets. Define the Types of Budgets You Need. These types of budgets include your: .

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The Charity CFO

APRIL 19, 2022

In our experience, nonprofits with little in reserve and/or low cash balances tend to have financial management challenges, often including: Poor collection of accounts or pledges receivable. Over-reliance on high-interest short–term financing . Have Nonprofit Financial Red Flags? Risk of defaulting on loans .

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NonProfit Hub

JUNE 29, 2021

This blog will be a great place to start, but if you find yourself praying no one asks you questions about the financials in your next board meeting, you may want to check out our Nonprofit Accounting Essentials course in partnership with The Charity CFO. . I signed on to further a cause, not to be the accountant!

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Candid

JULY 26, 2022

Keep the following suggestions in mind to create a strong financial foundation for your nonprofit: Plan a robust fundraising calendar that incorporates both online and offline strategies. Work with a nonprofit accountant to create an ironclad budget and stick to it. Go above and beyond with transparency when discussing overhead.

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Blue Avocado

OCTOBER 22, 2024

Because most AVOs have an informal air about them, it’s easy for finances to be treated in a casual way. Preparing an effective budget starts with asking leaders to estimate what they’ll need and to provide specific proposals for financing it. Reviewing last year’s budget is a key part of the process.

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The Charity CFO

JANUARY 5, 2022

If you want to report your functional expenses properly AND always have audit-ready financial reports at your disposal, an experienced nonprofit accountant can help. At The Charity CFO , we work exclusively with nonprofit organizations to give them accurate books, timely reports, and expert advice on their nonprofit finances.

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Top Nonprofits

FEBRUARY 13, 2024

Nonprofit Accountant According to Jitasa , a nonprofit accountant is a professional who helps your organization “ensure financial health and stability, analyze financial data, and make decisions based on the nonprofit’s unique financial position.” Let’s get started!

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The Charity CFO

JULY 19, 2024

Bookkeepers, accountants, and Chief Financial Officers (CFOs) all serve critical roles in managing an organization’s finances. A bookkeeper is a financial professional responsible for recording and managing a nonprofit’s daily financial transitions. An accountant generally holds a bachelor’s degree in accounting or finance.

Public and Nonprofit Management 52

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The Charity CFO

JANUARY 21, 2022

The FASB requires that you set up at least 2 different “funds” within your accounts– one to track assets with donor-imposed restrictions, and one to track assets without donor-imposed restrictions. In many cases, though, you’re going to want to have more funds in order to optimize accuracy and transparency in your finances.

Nonprofit governance and management 98

Nonprofit governance and management Public and Nonprofit Management Nonprofits Finance 98

The Charity CFO

MAY 31, 2024

Transparency and accountability are two of the most important factors in nonprofit accounting. Being transparent in your nonprofit accounting helps build trust in your organization. The post Financial Reports to Share with Nonprofit Board appeared first on The Charity CFO. Get the free guide!

Public and Nonprofit Management 52

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The Charity CFO

MARCH 2, 2022

“I don’t know if my nonprofit’s accounting systems are bad… and I probably won’t know for sure until something bad happens.”. 99% of nonprofit founders we work with don’t have a background in finance. For more nonprofit accounting resources check out www.thecharitycfo.com. ??

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Finance Non-Profits Public and Nonprofit Management Nonprofit Administration and Development 98

The Charity CFO

JANUARY 22, 2025

Enhanced Donor Trust : Transparency in this approach reassures donors and stakeholders that their contributions are being managed wisely, because each team has a strong understanding of their finances, strengthening relationships and encouraging continued support. The post Accounting as a Shared Responsibility?Why Get the free guide!

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The Charity CFO

MAY 31, 2024

Common Nonprofit Bookkeeping Challenges Nonprofits face unique challenges to keep their organizations running, including nonprofit accounting challenges. The rise in modern nonprofit accounting software and tech tools is making it easier than ever for nonprofit leaders to manage their finances.

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