Get Fully Funded

APRIL 15, 2021

You see, in business accounting, money made beyond the cost to run a business is known as a profit. The confusion is that nonprofit accounting uses a different word for the money left over beyond its expenses: surplus. Because nonprofits are not owned, there is no one to receive the hypothetical profit.

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The Charity CFO

FEBRUARY 27, 2023

How does a nonprofit manage its money? One of the most important board members for a nonprofit is the treasurer. The treasurer role encompasses a wide array of responsibilities, mainly concerning financial management and oversight. Many nonprofits do not have in-house accountants and choose to outsource instead.

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The Charity CFO

APRIL 18, 2024

For instance, working with a nonprofit accountant, like The Charity CFO, can help you reduce your risk of financial non-compliance. Nonprofit Technology Integration and Data Security One of the best things you can do for your nonprofit is to start leveraging data. Need Help Facing Nonprofit Accounting Challenges?

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The Charity CFO

MARCH 29, 2024

Do you know the financial health of your nonprofit organization? Knowing where your finances stand is essential to effective nonprofit management. One of the best ways to get a quick read on your organization’s financial health is to compare your nonprofit budget to actual performance.

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The Charity CFO

MAY 22, 2024

Your net income ratio is especially important because it reflects how effectively your nonprofit manages its expenses relative to its revenue generation. Volunteer Engagement Good volunteer management is essential to successful nonprofit activities. Contact us today to learn more about financial KPIs.

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NonProfit Hub

SEPTEMBER 16, 2021

Even if you’ve worked in the nonprofit sector for decades, a refresher on the basics can be helpful. Leading a charity presents unique challenges like managing the roles of marketing and fundraising, building a brand, and growing in a way that aligns with your mission. Let’s get started: Nonprofit Accounting Essentials Course.

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The Charity CFO

DECEMBER 22, 2021

The ONE thing that all financially sustainable nonprofits have in common (24:36). For more nonprofit accounting resources check out www.thecharitycfo.com. For more information on how to get your nonprofit financially established so that you can achieve your goals, visit CNRG Accounting Advisory @ [link].

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NonProfit Leadership Alliance

FEBRUARY 18, 2025

Its no secret that effective financial management is critical for nonprofits to thrive. However, many aspects of nonprofit finance can be confusing or difficult to navigate, from deciding how much of your budget to spend on overhead to choosing an accounting platform to organize your records. Did you enjoy this story?

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The NonProfit Times

NOVEMBER 14, 2024

This categorization allows nonprofit managers to demonstrate how funds are spent across activities and is essential for transparency and accountability. At its core, functional expense reporting segments a nonprofit’s costs into three main categories: program services; management and general activities; and, fundraising efforts.

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