Nonprofit Accounting Basics

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How to Wrap Up Your Year as Treasurer

And…that’s a wrap! Or is it? As the school year draws to a close there are a few items that a volunteer treasurer needs to check off of their list. The chalkboard may be wiped clean and the lockers swept out but you still have a (volunteer) job to do. Fiscal Year End Many school…

HOA Treasurer Transitions

Treasurer Transition Strategies for HOAs

Serving as the treasurer for your HOA Board of Directors is an important job. To make your job as treasurer a little easier, there are a few things you can do to smooth your transition onto the Board. Smooth transitions are not only key to your success but they can aid in future changeover which…

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3 Pillars of Effective Nonprofit Accounting Software in 2018

Finding straightforward accounting software to manage your nonprofits books can be an overwhelming process. Software programs can either be too complex for a small nonprofit or too simplistic for your accounting needs. We would like to make this process a little bit easier for you by providing 3 important pillars to look for when choosing…

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The Ease of IRS Tax Form 990N

We understand that tax filing time might not be everyone’s favorite time of year, but if your nonprofit qualifies to use the IRS Tax Form 990N, then tax filing might not be as difficult as you think. Who Can File The IRS Form 990N is also known as the e-Postcard. It is the simplest version…

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The IRS 990 Tax Form Explained

For many groups tax filing time is just around the corner and almost all nonprofit organizations are required to file a 990 form. Just in the nick of time, we are here to explain who may use which 990 form and when it needs to be filed. Take a big sigh of relief, we have…

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Accounting for Sports Teams: 10 Basic Tips

Accounting for sports teams is a little more complicated than simply reading the scoreboard. However, it doesn’t have to be too challenging when you follow these helpful tips. Help your team by handling accounting curve balls with aplomb. 1. Evaluate Take stock of how team accounting has been done in the past. Did the previous…

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The Treasurer Duties of Reconciling a Checking Account

Whether you are an incoming Treasurer or this is a re-occurring role for you, the Treasurer duties of reconciling a checking account are very important to your financial success. Mistakes & Fraud There are two main reasons for reconciling a checking account. The first is to identify and correct errors. Let’s face it, mistakes happen!…

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Treasurer Transitions for PTAs & PTOs

Spring means baseball, cookouts and gardening, right? Well it can also be a busy time for Treasurers of PTAs and PTOs. Behind T-ball practices and car-wash fundraisers there are PTA and PTO Treasurer transitions taking place and to ensure your changeover is a smooth one, we have some tips for success. Here is how to…

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PTA Fundraising Chair Responsibilities

PTAs are important providers of school support and a vital role within the organization is the Fundraising Chair. Whether you have been recently asked or are considering involvement, here is a bit of information about this important position. How to Become a Fundraising Chair The Fundraising Chair is usually elected by the PTA Board or…

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Tax Deductions for Volunteering

Did you know that it pays to volunteer? Not only are you pitching in and supporting a good cause but there are all kinds of deductions that you could be eligible for come tax time. Here are some very useful tax deductions for volunteering. Transportation Volunteers may deduct transportation expenses. They must be incurred getting…