Pooled Funds – Restricted Dollars with Multiple Donors
We have covered the basics of tracking restricted grants here, but that article assumes a single source of funds. Sometimes we need to track what I call a Pooled Fund – a
The Basics of Tracking Restricted Grants
It’s a common misconception that nonprofits are run entirely with other people’s money – meaning grants and donations. While that is false, it is TRUE that the need to accurately account for
The Vocabulary for Talking About Nonprofit Finance: A Primer for Your Chart of Accounts
If you are the unfortunate soul charged with creating the chart of accounts for your organization off in a room by yourself, STOP right now! Your financial reports are an important
Reconciliation: Everything You Need to Know
If you are like many nonprofit leaders, when you think about financial reports, you think about your Statement of Activities, also known as the Income Statement, or Profit and Loss.