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Common nonprofit bookkeeping tasks include: Recording donations Entering accounts payable and receivable Organizing and reviewing bank statements Maintaining the generalledger These everyday financial duties help bookkeepers provide a clear and up-to-date picture of the nonprofit’s financial status.
Plus, with the additional education and experience, a CFO brings a strategic financial view to the company. Bookkeepers will receive invoices from suppliers and after getting proper approval, will enter those invoices—properly coding them to make sure that the charges are correctly applied to the correct generalledger account.
The CEO explained that, traditionally, accountants would print out reconciliations and store them in binders; auditors would then take a sample of those reconciliation documents and match those against the generalledger. Take auditing for instance. “That’s an insane approach.”
For me, the social purpose is rooted in education and literacy. from taking care of their day-to-day bookkeeping, data entry, reconciliation, cash management, to building the three financial statements. I believe companies are social entities that should serve a purpose to society, beyond just commercial profit.
As stated on their website, “Vermont Adult Learning’s mission is to create an innovative, inclusive, and equitable learning environment that provides personalized opportunities for education and career development for Vermont residents by building relationships, strengthening communities, and fostering lifelong learning.”
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