Nonprofit Accounting Basics
The Ultimate Guide to Financial Best Practices for PTO Treasurers
School Parent Groups are known for their fundraising brilliance. Parents, teachers, faculty and students do amazing work creating new ways to pay for everything from new playground equipment to classroom supplies. But let’s get down to the brass tax of this post: what happens after the money comes in? Why Finances Matter to School Parent…
Managing Teams and Finances When Sports are on Hold
We are navigating unprecedented times in the sports world. Depending on locale, your sport may have begun with modifications or been canceled altogether this fall. We’re even hearing about some who started up only to be canceled shortly thereafter. Notre Dame football, for example, just announced the cancellation of its third football game in 100…
Nonprofit Mobile Credit Card Processing for Dues, Donations & More
Challenges of Old Payment Methods If your nonprofit isn’t set up to collect payments on-the-go, you could be missing out. Not only do mobile payment processors allow you to collect secure, PCI-Compliant payments, they overcome several challenges. Let’s compare the alternatives: Benefits of Mobile Payment Processing for Nonprofits Now that we’ve got those points out…
Try This Simple Budgeting Process for Your Nonprofit Organization
Does your nonprofit need to budget? Yes, and here’s why. The budget provides a framework for organizational decision-making. Developing a budget helps your board make choices between projects. Using it helps to maintain focus on what’s most important to your group. They help set expectations for an organization, tell us what we expect to achieve,…
Quarantine Coffee Chat [Video]: Tools for Keeping Your Group Moving Forward
How has your nonprofit group been impacted by the COVID-19 outbreak and subsequent distancing measures? We’ve been getting a lot of phone calls, chats and emails with questions from our customers, and we thought we’d address some of them here. Tools for Keeping Your Nonprofit Group Moving Forward While some groups may have come to…
16 Steps to Prevent Nonprofit Embezzlement
Embezzlement sounds like a big word that is meant for white collar crimes on Wall Street. But believe it or not, this type of theft is all too common with nonprofit groups we work with. It could be a premeditated crime that happens over time. But even something as minor as “borrowing” from the petty…
HOA Tax Return Guide
Have you been charged with filing taxes for your Homeowners Association? In general, HOAs don’t pay taxes because they don’t have a profit. In other words, the income that comes in (membership dues, fees, assessments) is used on the usual maintenance stuff and it’s all a wash. However, HOAs must still file a federal tax…
The Do’s & Don’ts of Technology and Nonprofits
It used to be that technology and nonprofits were like oil and water. Technology costs money, and nonprofits don’t have much in the coffers. But, as tech companies and services boom, free entry models and nonprofit pricing tiers are becoming more common. Even small nonprofits are now able to incorporate technology to maximize communication and…
Wrapping Up the End of Your Financial Year [Homeowners Associations]
The end of the year is approaching, which not only means wrapping presents but wrapping up your year. For some, a new year also marks a new financial year for your Homeowner’s Association. So if you’re a part of your neighborhood HOA, you may be feeling overwhelmed. Don’t worry though, we will help you figure out what…
How to Give a Treasurer’s Report at Your Next Meeting
If you’ve been newly elected as treasurer for your Parent Group, HOA, Sports Team or any other volunteer-based nonprofit organization, don’t worry. We have lots of resources to help you not just survive but succeed as treasurer. One of the first tasks you will want to master is the act of giving a treasurer’s report…
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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.