The Charity CFO

JANUARY 17, 2022

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. You need to get a better grasp of your organization’s finances now. with this overview of nonprofit accounting basics. . What is nonprofit accounting? It’s a necessity.

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The Charity CFO

APRIL 2, 2025

Final Thoughts: Stay Ahead of Compliance Issues Federal grant compliance can be complex, but nonprofits that address these common audit findings proactively can avoid financial weaknesses and compliance risks. At The Charity CFO , we specialize in nonprofit accounting and compliance so you can focus on your mission.

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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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Get Fully Funded

JUNE 5, 2023

When set up right, your nonprofit accounting system will help you manage your nonprofit and streamline processes like budgeting, projecting cash flow, and even hiring. The problem is that if you’re like most, you haven’t paid a lot of attention to your accounting system. I promise you will.

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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.

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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.

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Fundraising Coach

APRIL 14, 2025

While many nonprofit accounting activities revolve around compliance, they also help your organization evaluate its spending and revenue generation to make the most of its resources and demonstrate financial responsibility to its supporters. Tracking financial data is similarly vital. should have input on. Statement of activities.

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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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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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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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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 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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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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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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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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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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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.

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Non Profit Accounting Academy

JANUARY 9, 2025

What would make 2025 your best year ever for managing the finances of your organization? Redesigned Smart Nonprofit Money We are reconfiguring Smart Nonprofit Money, our online community. The post Your Best (QuickBooks) Year Ever appeared first on Nonprofit Accounting Academy. Actually, lets expand that question.

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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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Get Fully Funded

FEBRUARY 10, 2025

When you start a nonprofit, one of the most important things to figure out is how to manage your organizations finances. However, nonprofit accounting is often more complicated than it sounds. The post 4 Nonprofit Financial Management Challenges (& Solutions) appeared first on Get Fully Funded.

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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.

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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 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?

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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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The Charity CFO

DECEMBER 23, 2024

Whether you choose traditional payroll or a PEO, ensure that the provider understands the unique needs of nonprofit organizations. At The Charity CFO , we understand the complexities of nonprofit finances and operations. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

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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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The Charity CFO

DECEMBER 4, 2024

Data Transformation in Action Sawyer shared two case studies of how organizations have used data to improve their operations: A nonprofit accounting team that streamlined their reporting process using Power BI, saving hours of work each month. Get the free guide!

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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”.

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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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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

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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.

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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

MARCH 13, 2025

Maintain Detailed Financial Reporting Your nonprofits accounting system should allow you to generate detailed reports on every dollar spent. Get our FREE GUIDE to nonprofit financial reports, featuring illustrations, annotations, and insights to help you better understand your organization's finances. Get the free guide!

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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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