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Basics of Nonprofit Accounting: 4 Documents to Know

The Fundraising Coach

Liabilities (account numbers beginning with 2000): Everything your nonprofit owes, including debt, deferred revenue, and accounts payable. Net Assets (account numbers beginning with 3000): What your nonprofit is worth, calculated by subtracting your total liabilities from your total assets. should have input on.

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Treasurers of All-Volunteer Organizations: Eight Key Responsibilities

Blue Avocado

Starting out as an all-volunteer organization with a $20,000 budget, we developed financial systems, workable budgets, and demonstrated accountability. In just three years, the budget grew to over $330,000. And, if you intend to seek grants, you’ll want to reflect the value of your volunteers in your budget and grant proposals.

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