Nonprofit Accounting Basics
Going Digital: How MoneyMinder Supports a Paperless Workflow for Volunteer Treasurers
As Treasurer for your group, you play a critical role in managing finances and keeping track of all of the important files and information that comes with the territory. Traditionally, that involved a considerable amount of paperwork, from keeping track of receipts to filing away important documents. However, in the digital age, the need for…
Everything You Need to Know About Accepting Checks as a Small Nonprofit
When everyone carries a smartphone that can handle anything from buying coffee to paying bills, does your nonprofit really need to bother with old-fashioned paper checks? It may surprise you to hear that most of the organizations using MoneyMinder do accept checks, although most combine them with cash and digital options. Checks offer a few…
Top Challenges School Group Treasurers Face, and How to Overcome Them (PTO, PTA, Booster Clubs)
So, you’ve just become the treasurer for your school’s PTO, PTA, or Booster Club. First of all — thank you! This is one of the most important volunteer roles in any school group. But if you’re feeling a little overwhelmed, you’re not alone. You might be thinking: Where do I find everything?How do I keep…
How Much Budget Should Your Nonprofit Carry Forward?
How much budget should your nonprofit carry forward from one year to the next? The short answer is: it depends. For some nonprofit groups, a small reserve is enough to cover startup costs and early events. Others might need to hang onto a larger balance for long-term projects or unexpected expenses. Here are a few…
The Volunteer Treasurer’s Guide to Nonprofit Financial Reports
What, Why and When to Use 25 Different Nonprofit Reports Managing finances for a volunteer-run nonprofit can feel overwhelming at times—especially when you open your accounting software to find a long list of unfamiliar reports. What’s the difference between a Balance Sheet and an Income Statement? When should you use a Reconciliation Report? Do you…
Nonprofit Reimbursement Approvals: Ditch the Old School Paper Chase
Simplifying Reimbursements for Nonprofits Processing reimbursements can be a time-consuming and sometimes frustrating part of your role as a nonprofit treasurer. Depending on your organization’s bylaws, your nonprofit reimbursement policy may require you to obtain approvals and signatures before reimbursing an expense. This can lead to delays in group members being reimbursed, potentially causing financial…
Do I Need Nonprofit-Specific Accounting Software?
For many volunteer treasurers, the choice of accounting software is often inherited rather than chosen. In other words, they use whatever is passed down to them. Unfortunately, this often comes with little to no training, and sometimes, the treasurer has no accounting experience at all. One of the unique challenges of nonprofit organizations-especially those run…
5 Nonprofit Compliance Mistakes—and How to Avoid Them
Running a nonprofit is no small feat. Between fundraising efforts, volunteers, accounting and meetings, it’s easy to let nonprofit compliance take a back seat. However, neglecting your compliance responsibilities can lead to fines, penalties, the loss of your tax exempt status and damage to your reputation. If that’s not bad enough, if noncompliance is not…
Financial Risk Assessment Checklist for Nonprofits
Serving on the board of a nonprofit organization can be a labor of love. Whether you’re the President or Treasurer, you’re driven by a mission to make a meaningful impact. However, as they say, “with great purpose comes great responsibility.” This is especially true when it comes to managing and protecting your nonprofit’s finances. A…
50+ Restaurants that do Fundraisers without a Middleman in 2025
Looking to host a fundraiser for your local nonprofit, school, sports team or community group? Why not try a restaurant fundraiser? It’s truly a win-win-win: you raise money for your group, you support a local restaurant, and everyone gets to eat. And who doesn’t love to eat? Of course, many groups use a middleman for…
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Connect your Bank, Square and PayPal accounts to MoneyMinder PRO to directly download transactions, saving you time and effort. You just review the transactions to ensure they are properly categorized and fill out any required fields.
Connect your Bank, Paypal and Square accounts to MoneyMinder PRO to directly download transactions, saving you time and effort. You just review the transactions to ensure they are properly categorized and fill out any required fields.
Connect your Bank, Paypal and Square accounts to MoneyMinder PRO to directly download transactions, saving you time and effort. You just review the transactions to ensure they are properly categorized and fill out any required fields.
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