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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. 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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How to Set Up Your Nonprofit Accounting System RIGHT So it Helps You Grow

Get Fully Funded

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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NPOs Consistently Better Than For-Profits on Jobs

The NonProfit Times

percent in nonprofits. The steepest employment decline occurred in accommodation and food services, a sector largely made up of for-profit businesses. It was the second crisis where nonprofits beat for-profits on jobs. Nonprofit employment jumped 5.5% while employment in private-sector for-profit businesses declined 8.1

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The New Nonprofit Checklist: From Finances to Management

Get Fully Funded

The following checklist covers the basics of everything you need to get funded , become official, and stay organized: Define your nonprofit’s mission clearly. Start earning revenue for the organization. Take steps to incorporate your nonprofit. Organize your resources. Hire a motivated team. Plan for the future.

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Opportunity! Nonprofit Communications Jobs

Getting Attention

Please post YOUR nonprofit marketing job here: Featuring jobs with nonprofit organizations, grantmakers, B Corps, and agencies and other vendors serving nonprofits. Account Coordinator, Digital Fenton Communications (Washington, DC). Social Engagement Coordinator Food & Water Watch (Washington, DC).

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Accounting for In-Kind Donations to Nonprofits

The Charity CFO

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. . Here’s what this might look like: A food pantry receives a new walk-in freezer from an appliance store (donation of in-kind goods). Why accounting for in-kind donations matters.

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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?