by @nicholasware | Oct 29, 2017 | Uncategorized
Most gifts your organization receives will be straight-forward contributions of cash, or possibly securities such as stock or bonds. Occasionally, you may run into a situation where donor would like to make an unusual contribution, such as real estate, artwork, or...
by @nicholasware | Oct 22, 2017 | Uncategorized
Being profitable on its own shouldn’t be your only financial goal; you also need to be able to generate cash flow from your operations. If you don’t maintain enough liquidity, you’ll struggle to pay bills and, longer-term, you won’t be able to invest in equipment and...
by @nicholasware | Oct 16, 2017 | Uncategorized
Budgeting is an important component of keeping an organization running smoothly. As you develop programmatic goals for your organization – launching new programs, reaching more people with your current services, making your services more efficient – budgeting will...
by @nicholasware | Oct 8, 2017 | Uncategorized
Some information about an organization can’t be put into dollar terms, or easily captured in financial statements. As a result, organizations include footnotes to their financial statements to give additional context and details about themselves and their accounting...
by @nicholasware | Oct 2, 2017 | Uncategorized
The statement of functional expenses is one that nonprofits prepare that for-profits don’t. It breaks your expenses into 3 pots –programs, fundraising, and management and general. More detailed classification can be helpful to people reading your financial statements,...
