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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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

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. As nonprofit accounting experts, the team at the Charity CFO can help you identify key financial metrics your organization should be tracking.

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Get Fully Funded

FEBRUARY 23, 2021

Wave is a free accounting app for basic accounting functions. Aplos is built for nonprofit accounting and has donor management tools built in. Online training courses abound, and your bookkeeper or board treasurer will likely be familiar with Quickbooks. But there are many other options.

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NonProfit Hub

SEPTEMBER 16, 2021

Let’s get started: Nonprofit Accounting Essentials Course. The Accounting Basics Every Nonprofit Team Member Should Know [BLOG]. Three Common Nonprofit Board Myths [BLOG]. The Ultimate Budget Guide. Board Basics 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

Neither of these ideas reflects the reality of nonprofit audits, which is that there are many different types, including: Independent financial audits, in which a third-party auditor examines your nonprofits accounting documents and practices to provide an objective perspective on its financial health. Did you enjoy this story?

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The NonProfit Times

NOVEMBER 14, 2024

It is paramount for nonprofit financial leaders to adopt a thorough approach to categorizing and reporting expenses and why it is a cornerstone of fiscal responsibility. This categorization allows nonprofit managers to demonstrate how funds are spent across activities and is essential for transparency and accountability.

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