Nonprofit Accounting Basics

Internal Reporting

A Picture is Worth a Thousand Numbers

Originally Posted: September 4, 2012

Not surprisingly, many nonprofit board members do not fully understand financial statements—despite the fact that understanding those statements is key to good governance.

Designing a Four Star Dashboard

Originally Posted: February 9, 2016

In a previous article, we described the importance of including multiple internal stakeholders when selecting and implementing an Association Management System (AMS).

Statement of Financial Activities

Originally Posted: June 12, 2009

Statement of Financial Activities

It used to be called the income statement, and many nonprofit organizations produce a variety of versions of this report calling it various names such as b

Statement of Financial Position

Originally Posted: June 21, 2009

It used to be called the balance sheet.

The Importance of Cash Projections

Originally Posted: June 16, 2014

It is a prudent financial practice to prepare and operate from a budget. The budget is the annual financial plan for carrying out the strategic plan and mission of the organization.

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