How to Calculate a Nonprofit Operating Budget

by | Sep 21, 2023 | Bookkeeping

Be realistic so you know what is available as overestimating income can lead to funding gaps. Operating budgets are typically developed and implemented on a yearly basis, according to an organization’s specific fiscal year. However, some organizations choose to create...

Handbook of Budgeting for Nonprofit Organizations

by | Aug 17, 2023 | Bookkeeping

Equally important are the indirect support costs that keep your programs running smoothly. Administrative oversight, financial management, IT support, insurance, facility maintenance, volunteer coordination, and grant compliance all contribute to program success....

How to create your new nonprofits first budget

by | Apr 10, 2023 | Bookkeeping

Here are some other reasons why you need an annual budget for your nonprofit organization. Simplify your grant management with a grant financial report template. While not specifically a budget, a cash flow projection can help keep your nonprofit on track financially....

Accounting for unearned rent

by | Dec 2, 2022 | Bookkeeping

This is because the company has yet to deliver value in return for the payment, meaning the funds are not yet owned in a true economic sense. Per accrual accounting reporting standards, revenue must be recognized in the period in which it has been “earned”, rather...