nonprofit accounting Archives - Top Nonprofits by Nexus Marketing

Nonprofit Accounting FAQs: Your Questions Answered

TopNonprofits Contributor2025-03-06T13:56:07-05:00

Working at a nonprofit is a balancing act. From marketing to fundraising to programming, you may take on different roles at any given time—even if they’re not necessarily your assigned position. While you may easily be able to step into different areas of your nonprofit’s operations, helping with accounting tasks may not be as simple. Whether you’re working at a small nonprofit with your executive director handling financial responsibilities, a large organization with full-time accounting staff, or anything in between, you should have a basic understanding of nonprofit accounting. This way, you can make well-informed financial decisions and work well with [...]

10 Internal Controls for Safe Nonprofit Finances

2022-08-24T10:57:05-04:00

Nonprofit accounting is unique when compared to for-profit accounting. This is primarily because nonprofits agree to reinvest all of their revenue back into the mission at hand in exchange for tax-exempt status. This means nonprofits need to be a lot more transparent about their finances in order to ensure accountability to their generous donors. Due to this transparency and the need to be accountable to donors, nonprofits carefully implement internal controls designed to keep finances safe and prevent misuse. Internal controls are policies and decisions made to prevent the misappropriation of nonprofit funds. In this guide, we’ll dive into ten common [...]

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