Nonprofit Accounting Basics

How to Review and Amend Your Nonprofit’s Budget
A nonprofit budget is a building block to sound financial management. That said, there are times and reasons to make changes to your budget. Generally speaking, the budget is prepared by the staff and reviewed and approved annually by the Board of Directors. This is a financial map of all income and expenditures to follow…

10 Ways for Your HOA Board to Kickstart the New Fiscal Year
Most Homeowners Associations operate on the fiscal year starting January 1st. So, welcome to a new year in the adventures of shaping your community’s future. The decisions you make in the these early days of the year will carve a path to a successful and well-managed year ahead. Steer your HOA toward a year filled…

Giving Tuesday Tips for Your Nonprofit
As the holiday season approaches, nonprofits around the world gear up for Giving Tuesday—a day dedicated to charitable giving and making a positive impact. To ensure your organization stands out and maximizes its year end fundraising appeals, we’ve compiled a list of valuable tips. From leveraging newer payment processors to strategic planning, these insights will…

Getting Started as a Homeowner’s Association Treasurer
Becoming a Homeowner’s Association Treasurer is an important and rewarding role in your community. The homeowners in your community rely on effective financial management to ensure common areas and amenities are managed and maintained. Additionally, you and your board will establish and enforce community rules in line with the CC&Rs to preserve property values and…

How MoneyMinder Supports a Paperless Workflow for 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…

5 Benefits of Using a Budget
Following is a transcript of this episode of the Two Minute Treasurer’s Tip Podcast from MoneyMinder, with audio/video below. Welcome to the Two-Minute Treasurer’s Tip Podcast. I’m Cyndi Meuchel, and today we’re talking about the benefits of using a budget. So, we sometimes hear from groups that they don’t have a budget or don’t really want to…

Getting Started as Treasurer [Video]
So, you’ve just become the new treasurer for your nonprofit. Way to go! But now what? Here are a few tips to help get you started. Ideally, you’ll work with the outgoing treasurer to learn what you need to do in the treasurer’s role and how to do it. If possible, you’ll want to meet…

Can the Treasurer Serve on the Audit Committee?
Following is a transcript of this episode of the Two Minute Treasurer’s Tip Podcast from MoneyMinder, with audio/video below. Welcome to the Two Minute Treasurer’s Tip Podcast. I am your host Cyndi Meuchel and today’s topic is the annual audit, sometimes referred to as a financial review. Elija writes: I’m the treasurer of my PTA and am…