accounting
Do I Need Nonprofit-Specific Accounting Software?
For many volunteer treasurers, the choice of accounting software is often inherited rather than chosen. In other words, they use whatever is passed down to them. Unfortunately, this often comes with little to no training, and sometimes, the treasurer has no accounting experience at all. One of the unique challenges of nonprofit organizations-especially those run…
Financial Risk Assessment Checklist for Nonprofits
Serving on the board of a nonprofit organization can be a labor of love. Whether you’re the President or Treasurer, you’re driven by a mission to make a meaningful impact. However, as they say, “with great purpose comes great responsibility.” This is especially true when it comes to managing and protecting your nonprofit’s finances. A…
MoneyMinder’s Top 10 Blog Articles of 2024
Here at MoneyMinder, we’re always focused on providing valuable resources to help organizations like nonprofits, school groups, sports teams and community groups stay on track with their finances. Whether you’re managing a budget, planning a fundraiser or handling donations, our nonprofit blogs are designed to offer practical advice and insights to keep things running smoothly.…
All About In-Kind Donations (with Sample Thank You Letter)
What Are In-Kind Donations? In-Kind Donations are non-cash donations that come in the form of goods or services. Unlike cash donations where funds are transferred to your group, these items must be recorded based on fair market value. Some examples of In-Kind Donations include goods (i.e. a computer), property rentals (i.e. a meeting hall), professional…
Nonprofit Best Practices: Fiscal Year Alignment
Many nonprofits find themselves in a situation where their budget period, bylaws and financial software don’t align with their official year as stated with the IRS an their Secretary of State. While it’s possible to manage this with extra effort (and risk), there’s a much simpler solution: fiscal year alignment. Benefits of Fiscal Year Alignment…
What is a Form 990-N?
IRS Form 990-N, often referred to as the “e-Postcard”, is a document that most small, tax-exempt organizations whose annual gross receipts total less than $50,000 must file.
What is a Form 990-EZ?
Form 990-EZ is a required IRS form for tax-exempt organizations that take in less than $200,000 in gross receipts and less than $500,000 in total assets at the end of the year. It is a simplified version of the full Form 990 that requires less detailed information. But, that’s not to say that filing the…
Nonprofit Treasurer Forms & Templates: A Tip From Cyndi
So, you’re the new treasurer? Congratulations! No matter how you got here, you’ve got an important job on your hands. Cyndi is here with some introductory videos to help kickstart you in your new role. The series, called Strong Treasurers, Strong Communities, can be found on YouTube. In this episode, Cyndi has an important suggestion…
The Treasurer’s Report: Everything You Need to Know
The Treasurer’s Report is a critical document for any nonprofit, no matter the size. Many large nonprofits have an accountant they may work with to generate this report. But for smaller nonprofits — booster clubs, PTOs, PTAs, sports teams, charities, associations, clubs and more — it’s a volunteer treasurer that is compiling and presenting the…
Your First 30 Days as a Parent Group Treasurer
Taking on the role of PTO/PTA Treasurer can be both rewarding and challenging. As the financial point person for your parent group, you’re responsible for ensuring that funds are managed effectively and transparently. You’ll also be providing this information to your group so that they may make sound and accurate decisions. However, your experience in…
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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.
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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