Nonprofit Accounting Basics
How to Get Started as a Group or Club Treasurer
So, you’ve become your group or club’s treasurer! Whether it was a volunteer move or you’ve been lovingly assigned out of necessity, this can be a rewarding responsibility—and a vital one to your club’s success. So, first and foremost, be proud of your newly assigned role. Next, it’s time to make sure you know what…
Which Form 990 do PTOs and PTAs Need to File?
The world of tax forms can be confusing for Parent Teacher Organizations (PTOs) and Associations (PTAs). Let’s shed a little light on which form 990 to file. Why File a Form 990? The IRS sets certain rules that tax-exempt organizations, like PTOs and PTAs, must follow to keep their tax-exempt status. One of these requirements…
Year-End Tips for Outgoing Nonprofit Treasurers
Following is a transcript from this episode of MoneyMinder’s Two Minute Treasurer’s Tip Podcast. Welcome to the Two-Minute Treasurer’s Tip Podcast. I’m Cyndi Meuchel, and today we’re talking about year-end tips for treasurers who will be ending their tenure. School group treasurers, you will also find this PTO/PTA Treasurers Year-End Checklist handy. If you’re getting…
What is the Role of a Treasurer?
The treasurer of a nonprofit organization is usually appointed by the other members of that organization’s board. The role of treasurer is arguably one of the most important board positions in a nonprofit organization. After all, without someone carefully watching the finances and budgets, the organization has a higher chance of failing to meet its objectives.
The Magic Formula for PTO & PTA Budgets
A budget is the foundation of success for any nonprofit, and that includes Parent Teacher Organizations (PTO) and Associations (PTA). Budgeting provides the necessary framework for decision-making and ensures resources are allocated efficiently to achieve your goals. MoneyMinder is now offering free PTO and PTA Guides, and one of those is a complete guide to…
Year-End Guide for PTO & PTA Treasurers
Congratulations on a successful term as Parent Teacher Organization (PTO) or Association (PTA) Treasurer! Here is a complete, free guide with actionable steps to wrap up your year or tenure as treasurer.
Should Club Treasurers do a Monthly Audit, an Annual Audit, or Both?
Following is a transcript from this episode of MoneyMinder’s Two Minute Treasurer’s Tip Podcast. Welcome to the Two-Minute Treasurer’s Tip Podcast. I’m Cyndi Meuchel, and today we’re talking about monthly versus annual audits. Do club treasurers need to do both? You’re likely familiar with the idea of holding an annual audit – that’s where you…
End-of-Year Checklist for PTO & PTA Treasurers
As the end of the school year approaches, many Parent Teacher Organizations (PTOs) and Associations (PTAs) have concluded the year’s major fundraising efforts. Many have even allocated all of the funds for the year, as the school shifts its focus toward year-end tasks for the last month or more. As the PTA or PTO Treasurer,…
The Essential Guide to Youth Sports Team Accounting
Good accounting practices are essential for youth sports teams to ensure transparency and accountability of the funds that are collected and used. In a nutshell, you want to make sure player dues and other donations are put to good use, without extending beyond your means. With limited resources, teams must strategically allocate funds for essential…
How to Make your Treasurer Reports So Sexy People Will Look (and Listen)
Following is a transcript from this episode of MoneyMinder’s Two Minute Treasurer’s Tip Podcast. Welcome to the Two Minute Treasurer’s Tip podcast. I’m Cyndi Meuchel, and today we’re talking about how to make your financial reports so sexy, people will read them. So, truth be told, I Googled that topic before I started this podcast,…
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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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