Bookkeeping

Like the salaries/overhead question, this one is also often oversimplified. What is the 80 20 rule in fundraising? Organizations may need to revisit their compensation philosophy more frequently as the market continues to shift and as needs change. The uncertainties of the market have hampered employers’ ability to plan, requiring employers to be more agile […]

Investing in a structured volunteer management program drives community engagement and ensures sustainability. This includes allocating resources for developing effective volunteer management programs and providing necessary training and resources. For instance, studies show that investing 5-10% of the total budget in volunteer development can improve volunteer retention by up to 20%. How to determine nonprofit

Trade discounts are a cornerstone of business transactions, yet they remain one of the most misunderstood concepts in finance and accounting. As someone who has spent years navigating the intricacies of financial systems, I’ve come to appreciate the subtle art of trade discounts. They are not just numbers on an invoice; they are strategic tools

Its mobile accessibility offers access to all modern users, so your banking data remains at your fingertips, whether you’re managing budgets or making online bill payments. Credit Karma is primarily known for providing free credit score monitoring and access to credit reports. Users can link their bank accounts to track income and expenses, categorise gross

With these templates, you can easily create a detailed budget that includes all the necessary information, from projected income and expenses to funding sources and cost estimates. Plus, the easy-to-use format makes it simple to track your progress and make adjustments as needed. A common budgeting myth is being a “nonprofit” means your organization can’t

There are several POC calculation methods available, each suited to different types of projects and scenarios. These methods help you determine the proportion of revenue to recognize based on the progress of a project. For example, suppose you’re working on a $1 million, two-year project. Accurate revenue recognition and effective risk management are key to