Bookkeeping

Knowing the ins and outs of nonprofit accounting will help ensure accuracy, transparency, proper oversight, compliance, and overall financial accountability. By understanding the basics of nonprofit accounting, your team will be better equipped to fund its mission and make strategic decisions about your organization’s future. Use the tips above to get started, and don’t hesitate […]

By categorizing revenue streams, you can analyze the effectiveness of different fundraising efforts and allocate resources strategically. Bills and vendor invoices need to be categorized and recorded upon receipt. This ensures payments are processed promptly and your financial reporting remains precise. Getting started with nonprofit bookkeeping isn’t easy, but it is essential. Bookkeeping for some