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NonProfitAccounting

11
Apr
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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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27
Mar
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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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