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Nonprofit Accounting Basics for Founders, Board Members & Executives

The Charity CFO

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. with this overview of nonprofit accounting basics. . What is nonprofit accounting? That’s really all that accounting is, so don’t let the terminology intimidate you. .

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Accounting for In-Kind Donations to Nonprofits

The Charity CFO

But accounting for in-kind donations presents its own unique challenges. Almost any non-cash gift to your nonprofit can be considered an in-kind donation, but most of them fall into one of two categories: goods or services. . Because nonprofit accounting is all we do. . Let us handle your nonprofit accounting!

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What Are Net Assets?

The Charity CFO

Since nonprofit organizations don’t profit from the money they make , the accounting processes for nonprofits look somewhat different than for-profit companies. And one of the key differences is that nonprofits talk about net assets rather than net income or equity. How to Calculate Net Assets.

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5 Challenges Nonprofits Face in 2024

The Charity CFO

Higher costs affect nonprofits on two sides: Higher overall expenses for the nonprofit itself Lower revenues from decreased donations Say you run an animal shelter. The cost of cat and dog food is going up, so your expenses are higher to feed the animals in your care. Need Help Facing Nonprofit Accounting Challenges?

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How to Escape the Nonprofit Starvation Cycle

The Charity CFO

How you should think about money as a nonprofit leader (11:13). The #1 behavior you should adopt from for-profit entrepreneurs you need to learn from for-profit entrepreneurs (17:06). The ONE thing that all financially sustainable nonprofits have in common (24:36). Thanks for listening. Chyla Graham: ( 02:37 ).

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How to Properly Record Revenue for Nonprofits

The Charity CFO

While the nature of a nonprofit means you’re focusing more on your mission than making money, bringing in revenue is still essential. This can lead to unique accounting and recordkeeping challenges that for-profit businesses don’t have to face—especially related to revenue classification. Need Help Recording Revenue?

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PODCAST: Understanding Fundraising & Human Behavior

The Charity CFO

For more nonprofit accounting resources check out www.thecharitycfo.com. So, so that’s helpful understanding a little bit more about how people give and also, I mean, I guess you can kind of say why people spent, so you’ve worked with for-profit businesses, nonprofit businesses. Thanks for watching.