How to evaluate and record in-kind donations

In-kind donations are a vital component of running any nonprofit organization and furthering its vision. Whether you’ve been at it for years or are just starting out, it’s crucial to evaluate and record your in-kind donations accurately and uniformly to make your life easier down the road.  When tax season inevitably creeps up on you […]

Protect Your Nonprofit Status

You don’t want to lose it. For any nonprofit organization, the path to gaining a 501(c)(3) status is difficult, whether it was last year or last century. It’s important to do everything you can to hang on to that tax-exempt status, for reasons from funding to operations to, well, taxes. Here, we’ll walk you through […]

Why a Nonprofit Organization Should Use QuickBooks

Managing your operations shouldn’t come at the expense of draining your energy and time, taking away from your passion of serving those you help as a nonprofit. Sometimes, though, running the day-to-day of a nonprofit, such as tracking donations received and managing accounts payables can be not only overwhelming but also time-consuming. The right software […]

Nonprofit Tax Regulations

Taxes are never simple. If you are a nonprofit working to understand the tax laws and make sure all the right paperwork is completed, we’re here to walk you through some details to navigate nonprofit tax regulations.   Nonprofit vs. For-Profit Taxes Tax regulations vary depending on the type of organization involved. For-profit companies, regardless […]

Financial Guidelines and Structure for Nonprofits

Everything goes more smoothly with a defined process and responsibilities. If you’re working through organizing your nonprofit’s structure, setting up clear financial guidelines and structure can seem daunting. But with the right procedures and roles in place you can create transparency with your stakeholders, staff, donors, and those you serve. You can also increase trust […]

Understand your financial reports

HERE's THE SHORT AND SWEET GUIDE TO MAKING THE MOST OUT OF YOUR FINANCIAL REPORTS