Aug

10 Key Skillsets for a Well-Rounded Nonprofit Board 🌟

Why Board Skill Diversity Matters A nonprofit board is more than a group of do-gooders—it’s your strategic engine room. The right mix of skills keeps your organization accountable, innovative, and, yes, financially strong. Passion fuels your mission, but practical expertise drives it forward. 1. Financial Know-How 💵 2. Legal Wisdom ⚖️ 3. […]

Aug

By karan nonprofit No Comments

Cash vs. Accrual Accounting: Which is Right for Your Nonprofit?

When managing a nonprofit’s finances, one critical decision is choosing between cash accounting and accrual accounting. Each method has pros and cons—and the right choice depends on your organization’s size, complexity, and reporting needs. This guide breaks down both methods, IRS considerations, and how to pick the best approach for your mission. 1. […]

Aug

By karan nonprofit No Comments

Effective Financial Policies & Procedures for Nonprofits 📝🔒

💡 Why Financial Policies Matter Think of financial policies as your nonprofit’s backbone—keeping things upright, protected, and moving forward. They fight fraud, boost transparency, and keep your mission off the “oops” list! 📚 What Are Financial Policies & Procedures? Policies: What to do (rules for budgeting, spending, and more) Procedures: How to do it (step-by-step guides; no guesswork!) […]

Jul

By karan nonprofit No Comments

The Real Cost of DIY Accounting for Nonprofits 💸

📉 Why DIY Isn’t the Savings Plan You Think Trying to “save” money by managing your nonprofit’s books yourself? Spoiler alert: It could cost more than you bargained for (and I’m not just talking about headaches and coffee runs)! 🧾 What is DIY Accounting? DIY accounting is when a well-meaning staffer or volunteer with limited financial expertise […]

Jun

By karan nonprofit No Comments

Board Financial Reports: What to Include and How to Present Them

Nonprofit board members rely on clear, accurate financial reports to make informed decisions—but too often, these reports are either overwhelming or lack critical details. A well-structured financial report keeps your board engaged, ensures accountability, and strengthens trust in your organization’s leadership. Here’s what to include in your board financial reports and how to present them […]

Jun

By karan nonprofit No Comments

Building a Financial Reserve for Nonprofit Stability and Growth

🚨 The Safety Net Your Mission Deserves A financial reserve is your nonprofit’s backup power—ready when cash flow gets bumpy, funding is delayed, or a big opportunity lands in your lap. In short: no more late-night stress over the bank balance! 💡 What’s a Reserve, Anyway? Think of a reserve as your nonprofit’s “emergency […]

Blogs

Blogs

10 Key Skillsets for a Well-Rounded Nonprofit Board 🌟

Cash vs. Accrual Accounting: Which is Right for Your Nonprofit?

Effective Financial Policies & Procedures for Nonprofits 📝🔒

The Real Cost of DIY Accounting for Nonprofits 💸

Board Financial Reports: What to Include and How to Present Them

Building a Financial Reserve for Nonprofit Stability and Growth

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10 Key Skillsets for a Well-Rounded Nonprofit Board 🌟

Cash vs. Accrual Accounting: Which is Right for Your Nonprofit?

Effective Financial Policies & Procedures for Nonprofits 📝🔒

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