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Statement of Cash Flows: How Nonprofits Track Inflow and Outflow of Money

Blackbaud

By analyzing cash flows from operating, investing, and financing activities, organizations can identify trends, manage expenses, and make strategic decisions about future initiatives. The Statement of Cash Flows is divided into three sections: Operating Activities, Investing Activities, and Financing Activities.

Finance 96
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Does Your Nonprofit Need a Financial Oversight Committee?

Grant Writer Team

Managing finances can be daunting for many nonprofit professionals, particularly those new to oversight roles within nonprofit organizations. But what exactly does a nonprofit finance committee do? Read on and explore the role of the finance committee with GrantWriterTeam. Why is it so vital to an organization’s success?

Finance 70
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How to Create a Nonprofit Chart of Accounts: 3 Steps + Tips

Get Fully Funded

Most COAs are organized into five categories: assets, liability, net assets, revenue, and expense accounts. Liabilities usually start with 2, net assets with 3, revenue with 4, and expenses with 5 and beyond. Then, those accounts are further divided into subcategories. For example, assets usually start with 1.

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How to create your new nonprofit’s first budget

Get Fully Funded

When you’re just getting started, it’s critical that one of your first steps is to create your nonprofit’s first budget to help you manage both your organization and your finances as it grows. Use accounting software to help you manage your finances. Miscellaneous revenue (interest income, etc.)

Budget 98
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Configuring QuickBooks for Use in a Nonprofit: Setting Up the Chart of Accounts

Tech Soup

Suggestions on setting up your funding sources using the QuickBooks "Customer/Jobs" utility and your programs (what your organization does) using the QuickBooks "Classes" utility will be the subject of blog posts 3 and 4 in this series. Building Your Chart of Accounts. So What Exactly Is a Chart of Accounts?

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The Fundamentals of Grant Writing for Nonprofits: How to Write an Effective Grant Proposal

Allied Grant Writers

As a result, it’s critical to understand whether asking for grants for nonprofits or other cause, among the many other financing options available to you, is the best option for supporting your organization. Instead, they must utilize the funds for the specified purpose, which is usually to benefit a broader good.

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The Fundamentals of Grant Writing for Nonprofits: How to Write an Effective Grant Proposal

Allied Grant Writers

As a result, it’s critical to understand whether asking for grants for nonprofits or other cause, among the many other financing options available to you, is the best option for supporting your organization. Instead, they must utilize the funds for the specified purpose, which is usually to benefit a broader good.