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Understanding Functional Expenses for Nonprofits

The Charity CFO

Functional expense reporting confuses many first-time nonprofit bookkeepers and executives. But, because most for-profit companies don’t track functional expenses, they’re just not familiar with it. But it is need-to-know-information in the nonprofit world. But it’s not because it’s complicated.

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The Finance Committee and Nonprofit Financial Management Tips

The Charity CFO

Here are some quick ways to ensure that your organization has the financial support it needs to carry out its mission: Recruit board members with financial and accounting expertise. All board members are responsible for the financial health of a nonprofit organization.

Finance 52
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1099 Best Practices for Your Nonprofit

The Charity CFO

Is your nonprofit using 1099 best practices? Nonprofits rely on the generosity of donors and volunteers to support their mission and achieve their goals. But, just like for-profit businesses, nonprofit organizations must also navigate complex tax laws and regulations to remain compliant. Address.