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Developing Your Nonprofit Budget: 5 Steps for Success

NonProfit Leadership Alliance

The purpose of a nonprofit budget is to help you better plan your income and expenses in order to accomplish your goals. For nonprofits, you’ll use your budget to predict fundraising revenue and ensure those funds will cover all your program and administrative expenses. Define the types of budgets you need. .

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How To Avoid Nonprofit Accountant Turnover

The Charity CFO

Not surprisingly, this above-average employee turnover impacted nearly every industry, but it has hit nonprofits and financial professionals particularly hard. . However, nonprofit accountant turnover is not a new problem in the sector. Why Do Nonprofit Accountants Quit? Why Do Nonprofit Accountants Quit?

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4 Nonprofit Financial Management Challenges (& Solutions)

Get Fully Funded

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. On the administrative side of overhead, the most important expense to maintain is staff compensation.

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Understanding Nonprofit Overhead Costs: Myths vs. Reality

NonProfit Leadership Alliance

Nonprofit professionals know the implications of overhead and may be nervous to disclose just how much they spend on these operational expenses. However, we’re here to explain the importance of nonprofit overhead and debunk prominent overhead myths. What are nonprofit overhead costs?

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Nonprofits vs For-Profit Businesses: Key Differences and Similarities

Nonprofit Fixer

When people think about making change in the world, most people jump to the idea of starting or leading a nonprofit organization. But there is actually a wide range of tax vehicles and statuses that people use to accomplish their social change goalsincluding nonprofit organizations and different types of for-profit businesses.

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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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Why Do Nonprofit Accountants Quit?

The Charity CFO

During the “Great Recession,” nonprofits have lost their accountants and financial directors at record rates. At the same time, hundreds of nonprofits are waking up to realize that the financial structure they’ve always relied on doesn’t work as well any more. So why do accountants leave nonprofit organizations?