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Non-Profit Accounting & Bookkeeping

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Can Nonprofits Make a Profit? The Answer Might Surprise You

When people hear the term “nonprofit,” they often assume these organizations can’t—or shouldn’t—make money. But the truth is more nuanced. Yes, nonprofits can generate profits, but how they use those funds is what sets them apart. Let’s break down the myths, legalities, and smart strategies for financial sustainability.   1. Nonprofits Can Earn a Profit (Here’s […]
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3 Common Bookkeeping Mistakes Nonprofits Make (And How to Fix Them!)

Running a nonprofit is rewarding, but poor bookkeeping can lead to financial chaos, compliance risks, and even lost funding. Many organizations—especially small nonprofits—struggle with the same avoidable mistakes. Here are the top 3 bookkeeping errors nonprofits make and practical solutions to fix them. Mistake #1: Mixing Personal & Organizational Finances 🚨 The Problem: Using a […]
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How to Create and Manage a Nonprofit Budget: A Step-by-Step Guide

Running a nonprofit requires careful financial planning to ensure sustainability and mission success. A well-structured budget helps you allocate resources efficiently, meet donor expectations, and comply with legal requirements. Here’s a practical guide to creating and managing a nonprofit budget effectively. Why a Nonprofit Budget Matters A budget is more than just numbers—it’s a roadmap […]
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