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Understanding Nonprofit Overhead Costs: Myths vs. Reality

NonProfit Leadership Alliance

Overhead expenses can cover the following categories: Management and general expenses Fundraising expenses Membership development expenses Your nonprofit includes these costs as supporting activity expenses in the financial statements you compile, such as the Statement of Activities and Statement of Functional Expenses.

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The New Nonprofit Checklist: From Finances to Management

Get Fully Funded

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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Your quick guide to better nonprofit financial management

Nonprofit Marketing Blog

If you feel the need to strengthen your financial management savvy, check out StrongNonprofits.org , a new website featuring free tools, how-tos and guides. Features range from a nonprofit accounting guide, to an article on sensible growth strategies, to a podcast on how to understand the true costs of programming.

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Nonprofit Accounting Basics: 5 Fundamentals to Know

Get Fully Funded

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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Is Your Nonprofit Ready for Increased Funding Scrutiny? Here’s How to Prepare

The Charity CFO

This ensures accountability and makes audits or donor inquiries easier to manage. Pro Tip: Use expense management software like Bill Spend and Expense to track and categorize expenses automatically. With 85% of our clients undergoing audits, we know how critical it is to have a robust accounting foundation in place.

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Decision-Making in Nonprofits: Insights from a Data Expert

The Charity CFO

In the latest episode of A Modern Nonprofit podcast, host Tosha Anderson sat down with Sawyer Nyquist, a data expert who specializes in analytics and data management for nonprofits. Consider your data maturity level and work on building foundations before trying to jump to advanced analytics.

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Case Study: Financial Clarity with Modern Nonprofit Accounting Software

The Charity CFO

To learn more about how The Charity CFO can use technology to streamline nonprofit accounting, you can set up a consultation here. The Goal in Your Nonprofit Accounting Software Before stepping into the details of how these organizations’ accounting is set up, let’s start at the foundation level.