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10 Internal Controls for Safe Nonprofit Finances

Top Nonprofits

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.

Finance 52
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4 Best Practices for Managing Advocacy Group Finances

Top Nonprofits

Your advocacy group’s leadership can also help ensure each policy aligns with compliance standards. Consult a nonprofit accountant While the best practices above are a great starting point, your advocacy group’s financial management will be unique to your organization’s operations and financial circumstances.

Finance 52
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Nonprofit treasurer duties: Where you should focus

The Charity CFO

Does your organization get bogged down with nonprofit treasurer duties? Nonprofits don’t exist for the purpose of earning profits. With that being said, money is central to a nonprofit’s success. How does a nonprofit manage its money? One of the most important board members for a nonprofit is the treasurer.

Finance 52