Bookkeeping

There are some parallels between nonprofits’ financial statements and those of for-profit organizations—systematic reporting is an important part of complying with the Generally Accepted Accounting https://nerdbot.com/2025/06/10/the-key-benefits-of-accounting-services-for-nonprofit-organizations/ Principles (GAAP). However, your organization’s reports will also look different in certain ways because nonprofits are subject to requirements that businesses aren’t. If you need help creating your financial […]

For example, if an organization’s revenue exceeds its expenses, it may be in a better financial position than an organization with higher expenses than revenue. Additionally, non-profit leaders should analyze the composition of revenue and expenses to identify areas where they can make adjustments or improvements. Distinguishing between program, administrative, and fundraising expenses paints a