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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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Share Your Green Tech Story and Win a Laptop or Tablet!

Tech Soup

As set forth above, the contact person (on behalf of him/herself and/or the submitting group) understands that the individual or group will not receive any compensation (other than prize, if submission is determined to be a prize winner) and releases and agrees to hold harmless Sponsor from any liability in conjunction therewith.

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What Are 7 Common Nonprofit Startup Costs?

GrantNews

This plan includes general liability insurance, commercial property insurance and business income insurance. These costs include rent/mortgage, utilities, office supplies and technology, as well as any regular maintenance that you need. The price of this insurance can vary depending upon the coverage plan chosen.

Insurance 103
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Does Your Nonprofit Need a Financial Oversight Committee?

Grant Writer Team

Risk Management : Identifies and addresses potential financial risks and liabilities. Effective financial oversight is crucial when managing grant funding, as it ensures that funds are utilized efficiently and in alignment with the grant’s objectives. What Does a Nonprofit Financial Oversight Committee have to do with Grant Funding?

Finance 69
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Statement of Cash Flows: How Nonprofits Track Inflow and Outflow of Money

Blackbaud

Statement of Cash Flows are One of Four Main Nonprofit Financial Documents A clear Statement of Cash Flows is a great tool for nonprofit leaders, and is one of the four core financial documents that all nonprofits should be utilizing together to ensure complete management of the organization’s finances and planning.

Finance 71
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Bridging the Digital Divide? Tell Us About It!

Tech Soup

As set forth above, the contact person (on behalf of him/herself and/or the submitting group) understands that the individual or group will not receive any compensation (other than prize, if submission is determined to be a prize winner) and releases and agrees to hold harmless Sponsor from any liability in conjunction therewith.

IT 70
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How Lessons Learned From Fighting Food Insecurity Can Help Your Nonprofit

Blue Avocado

Once you have identified what resources you are saving and how you think they should be utilized, do your due diligence to make sure you’re following all applicable federal, state, and local laws as well as relevant court decisions. Lesson 2: Understand the laws.