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Nonprofit Payroll and Contractor Records: What to Review Before Year-End Payroll and contractor records are easy to overlook during the year, especially when a nonprofit is focused on programs, grants, donors, volunteers, board meetings, and community work. But when year-end
Nonprofit QuickBooks Chart of Accounts: What Should Be Set Up Correctly A nonprofit’s QuickBooks file is only as useful as the structure behind it. If the chart of accounts is messy, too vague, or set up like a regular for-profit
Form 990 Document Checklist: What to Gather Before Filing Form 990 preparation is much easier when your nonprofit’s records are already organized. The return or annual notice may be due only once a year, but the support behind it is
Nonprofit Budget vs Actual Reports: What Your Board Should Review A nonprofit budget is only useful if leadership reviews it against what is actually happening. That is where the budget vs actual report becomes one of the most important financial
How Nonprofits Should Organize Receipts, Invoices, and Supporting Documents Good nonprofit bookkeeping is not only about entering numbers into QuickBooks Online. The numbers also need support. When a board member, grantor, tax preparer, executive director, or treasurer asks why a
Nonprofit Bank Reconciliations: Why They Matter for Board Oversight Bank reconciliations may not sound exciting, but they are one of the most important parts of nonprofit bookkeeping. For a nonprofit board, reconciled books help answer a very basic question: can
Monthly Nonprofit Bookkeeping: Why Waiting Until Year-End Creates Problems Many nonprofits wait until year-end to deal with bookkeeping because the organization is busy serving its mission. Donations are coming in, programs are running, grants need attention, volunteers need coordination, and
Grant Tracking for Nonprofits: How to Keep Better Records Grant funding can help a nonprofit expand programs, serve more people, and move important work forward. But once the funds arrive, the organization also has a responsibility to track the money
Restricted Funds vs Unrestricted Funds: What Nonprofits Need to Track For nonprofit leaders, one of the most important bookkeeping questions is not just “How much money do we have?” A better question is, “How much of this money can we
Board Financial Reports for Nonprofits: What Should Be Included? Nonprofit board members do not need to see every transaction in the accounting system. But they do need clear, accurate, and timely financial reports that help them understand how the organization