Category: Articles on Finance
Finance: Determining When Your Nonprofit Needs an Audit Now!
Intro Is your nonprofit organization considering undergoing a financial audit? In today’s increasingly transparent world, ensuring financial transparency is more important than ever for nonprofits. Conducting an audit can provide your organization with several benefits, including increased credibility, improved governance, and enhanced donor confidence. An audit not only evaluates your financial statements but also examines…
Scale Your Nonprofit With These Several Amazing Steps!
Million-dollar question: How do you scale your nonprofit? So you started a nonprofit to make a difference. The mission is set, the programs are running, people’s lives are being changed. But now you’re struggling to take it to the next level financially. Money is tight, demand is high, and you need to scale fast to…
Balancing Act: How Do Founders of Nonprofits Make Money?
Introduction Founding and running a nonprofit organization is a noble pursuit, driven by the desire to make a positive impact in the world. However, founders often face significant challenges when it comes to sustaining their own livelihood while dedicating themselves to their nonprofit mission. This article explores the balancing act that founders of nonprofits must…
QuickBooks Online: The Must-Have Tool for Nonprofit Accounting
For most nonprofits, QuickBooks Online is the way to go. It’s affordable, easy to use, and packed with features tailored to nonprofits. With QuickBooks, you can track income and expenses, bill donors, pay vendors, run reports, and generate financial statements. And because it’s cloud-based, you can access your data anywhere and give multiple team members…
The Top 5 Business Insurance Providers for a Nonprofit
You run an organization dedicated to serving your community and making a difference. The last thing you want to worry about is insurance. But without proper coverage, one disaster could wipe out your nonprofit. You need ‘nonprofit business insurance’ tailored to the unique needs of nonprofits so you can focus on your mission. We’ve done…
When Funding Stops: How Nonprofits Can Outlast a Government Shutdown
Have you ever wondered what happens to nonprofit organizations when the government shuts down and funding stops? With the looming debt crisis and threat at the start of the 2024 fiscal year, many American citizens are awaiting the final decision from the government. Regardless of how nerve-wracking the prospect of millions of citizens losing funding…
