A Guide to Nonprofit Accounting (for Non-Accountants)

Original Article by Bench, cited below

Summary by Simply the Basics

While accounting and bookkeeping may not be the most glamorous part of nonprofit work, it certainly is incredibly important for your analysis and the success of your work.

While every organization is different, you will find that most organizations require at least most of the following:

  • Nonprofit-friendly bookkeeping solutions, such as QuickBooks, NationBuilder, Xero, Sage and more!

  • Accounting Solutions

  • Open a separate bank account specific for the nonprofit

  • Learn how to record in-kind donations

  • Start making budgets

  • Create and analyze your financial statements

Continue reading, “A Guide to Nonprofit Accounting (for Non-Accountants)” for a complete breakdown on each one of these topics and be ready to financially manage your nonprofit!

Zarzycki, N. (2021, September 2). A Guide to Nonprofit Accounting (for Non-Accountants) | Bench Accounting. Bench. https://bench.co/blog/accounting/nonprofit-accounting/.

Financials & DevelopmentBrittany Horwich10-15 min. readComment