Let’s be honest: budgeting probably wasn’t the reason you started a nonprofit. You’re here to change lives, not crunch numbers. But here’s the good news—a strong budget isn’t about restrictions; it’s about freedom. Freedom to focus on your mission, seize opportunities, and sleep soundly knowing your finances are working for you, not against you. This …
Guest post courtesy of Leslie Silverman, a nonprofit marketing consultant and founder of SmartSite Consulting Many nonprofits don’t have a robust marketing department. Some don’t differentiate between what is “marketing” and what is “fundraising.” But there is a difference, and to get better fundraising results your nonprofit organization needs to invest in marketing outreach. This …
The Statement of Cash Flows shows how cash moves in and out of your nonprofit over a specific period. Unlike the Statement of Activities (which focuses on revenues and expenses) or the Statement of Financial Position (which shows assets and liabilities), this report provides insights into the actual cash available to keep your organization running. …
The Balance Sheet, often called the Statement of Financial Position, summarizes what your nonprofit owns (assets), owes (liabilities), and the net assets (equity) that remain. It’s a critical tool for assessing your organization’s financial stability and capacity to sustain its mission. What are the Key Components of the Nonprofit Balance Sheet? Assets: Assets are resources …
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Grassroots nonprofits play a critical role in our communities, often operating with limited resources but driven by a strong mission. To support their work, many turn to fiscal agents—organizations that provide essential financial oversight, administrative support, and compliance assistance. Here’s an outline of the key responsibilities of fiscal agents and how they help grassroots nonprofits …
Fiscal Agents: Responsibilities for Grassroots Nonprofits Read More »
Effective financial management is the backbone of every successful nonprofit. At Nonprofit Numerics, we’re committed to helping you not only manage your finances but also streamline your processes. One of the most impactful ways to achieve this is by architecting QuickBooks to ensure effortless dataflows into all your nonprofit documentation. Benefits of Seamless Dataflow For …
Architect QuickBooks for Data Flows into Nonprofit Documentation Read More »
Understanding your nonprofit’s financial statements is crucial for making informed decisions and ensuring your organization’s sustainability. In this first part of our series, we will break down the Income Statement—one of the most essential financial statements for your nonprofit. Understanding the Nonprofit Income Statement The Income Statement, also known as the Statement of Activities, provides …
You’ve likely developed your nonprofit organization’s budget for this fiscal year, but what comes next? How are you tracking it and transforming it into a powerful management tool rather than letting it collect dust on a shelf? Here’s how to turn your budget into a proactive tool that drives your nonprofit’s success throughout the year. …
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At Nonprofit Numerics, we know that effective grant tracking and reporting are crucial to your nonprofit’s success. Whether you’re new to our services or a valued existing client, we’re here to ensure that your bookkeeping is optimized to meet all your grant management needs. Maximize Your QuickBooks Online Setup for Tracking and Compliance QuickBooks Online …
Grant Tracking Setup for Nonprofits with QuickBooks Online Read More »
In the ever-evolving landscape of nonprofit management, efficient bookkeeping is essential. Choosing the right bookkeeping software (and setting it up correctly) can make all the difference. QuickBooks Online stands out as the optimal choice for nonprofit organizations. It features options that cater specifically to the unique financial tracking and reporting needs of nonprofit organizations. Our …
Why QuickBooks Online is the Ultimate Nonprofit Bookkeeping Platform Read More »
