Nonprofit Accounting Basics

Navigating HOA Dues Increases
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 we’re talking HOA reserves today. Ed writes: I feel my HOA needs to conduct a reserve study, but homeowners are concerned thatif we…

Can I Be Held Personally Liable for My Nonprofit?
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 we’re discussing personal liability in your volunteer role. Kyle says: I’ve been asked to volunteer as a board member for my HOA.…

Cleaning Up and Organizing Your Group’s Records
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 we’re talking about cleanup. Well, sort of. So, Anne writes: I was just appointed Treasurer and am realizing that our records have not…

Financial Tracking & Recordkeeping for Major Products or Purchases
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,and we’re talking about planning for major projects. Zach writes: Our group is planning for a playground that we’d like to build in…

How to Track In-Kind Donations in a Meaningful Way
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 with MoneyMinder, and today, we’re talking about tax donations. Mindy asks: Some of my volunteers want to donate products for our event…

What Does Tax-Exempt Status Mean?
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 we’re talking about something everybody loves to talk about – paying taxes. Reyna writes: Does tax-exempt status mean we are exempt…

How to Calculate Your Donor Retention Rate
For many nonprofits, donors are the backbone that keeps their operations running. For others, donors help to supplement other funding sources. In either scenario, if you have donors, it’s good to have a solid understanding of them so that you can maximize their impact on your organization. Like so many things in this world, it…

How to Get Started as a Service Club Treasurer (Rotary, Kiwanis, Lions, American Legion, Charitable Funds, etc.)
Your service club has an important mission. From hunger relief to voter’s rights and everything in between, we salute your group for its service to the greater good. And while everyone who is a part of a service club in any way is important, there is a special place in our hearts for the Service…

How to Keep Your Budget Fresh
Following is a transcript of this episode of the Two Minute Treasurer’s Tip Podcast, with audio/video below. Welcome to the Two Minute Treasurer’s Tip Podcast. I am your host Cyndi Meuchel with MoneyMinder, where we’re hoping to make your life as a volunteer way easier. Stacey writes: Our financial year ends soon, and we are…

MoneyMinder Store vs. Paypal, Square, Venmo and Zelle for Groups
The History of Moneyminder Store (A CheddarUp Partnership) MoneyMinder has served nonprofit groups — like PTAs, PTOs, Boosters, Sports, Scouts, Social, Service and Faith-Based Clubs — for nearly two decades. Over the years, we’ve added countless other groups like Homeowners Associations, Volunteer Fire Departments, Historical Societies, Garden Clubs, Animal Rescue Groups and even Quilters Clubs…