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The Basics of Nonprofit Bookkeeping

The Charity CFO

Do a Google search on nonprofit bookkeeping, and you’ll find page after page of articles on nonprofit accounting. Because while nonprofit bookkeeping and accounting are related, they’re not the same thing. Furthermore, nonprofit bookkeeping differs in some critical ways from for-profit bookkeeping too. Manage payroll .

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Case Study: Financial Clarity with Modern Nonprofit Accounting Software

The Charity CFO

For nonprofit organizations, accounting comes with a lot of complexity. In this case study, we’ll explore real stories of nonprofits who have transformed their organizations by using technology to streamline their financial infrastructure. What is the actual goal in a nonprofit accounting setup? Let’s meet these organizations.

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The Difference between a Bookkeeper, an Accountant, and a CFO

The Charity CFO

Common nonprofit bookkeeping tasks include: Recording donations Entering accounts payable and receivable Organizing and reviewing bank statements Maintaining the general ledger These everyday financial duties help bookkeepers provide a clear and up-to-date picture of the nonprofit’s financial status.

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The Dual Purposes of Accounting and Fundraising Software

The Charity CFO

Modern nonprofit leaders are always looking for ways to use technology to make everyday tasks easier. Generally Accepted Accounting Principles, or GAAP , is a set of standardized accounting rules and guidelines that govern how you report financial information. So why does it seem so hard to find this unicorn platform?

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Why Businesses Are Choosing Other Options Over Excel Spreadsheets for Financial Forecasting

Centage

This accessible program can accomplish various tasks, such as financial forecasting and budgeting. Why Businesses Use Spreadsheets for Financial Forecasting Many small businesses start using Excel spreadsheets for bookkeeping and budgeting. For budget forecasters, real-time financial reporting has become increasingly vital.

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Why Businesses Are Choosing Other Options Over Excel Spreadsheets for Financial Forecasting

Centage

This accessible program can accomplish various tasks, such as financial forecasting and budgeting. Many small businesses start using Excel spreadsheets for bookkeeping and budgeting. Accounting errors are one of the most significant challenges businesses face when relying on Excel spreadsheets for financial forecasting and budgeting.