accounting
5 Reasons Your Nonprofit Should Switch From Quickbooks to MoneyMinder
The answer to the question of Quickbooks vs. MoneyMinder depends on who is using it. Quickbooks is an excellent tool that is right for many businesses, big and small. It is owned by a company called Intuit, which also owns TurboTax, and Mint, among others. Quickbooks promotes itself as the tool to “run your whole…
Choosing and Maintaining a Bank Account for a Community Group
No matter how small your nonprofit is, your mission serves an important role in the community. And even if your nonprofit handles just a small amount of money, it is vital that you set up a bank account. Most community groups need a bank account to keep track of funds, protect individuals and prevent embezzlement.…
MoneyMinder Named to Capterra Shortlist for Church Accounting Software
MoneyMinder recently placed in a new Gartner Digital Markets report for FrontRunners in Church Accounting Software as well as Capterra’s Shortlist for Church Accounting Software. We are pleased to be among the esteemed tools in the chart below, which finds MoneyMinder at the top for Customer Satisfaction as well as Usability. If Budget Friendliness were one of…
Do You Need to File a Tax Return if Your Group Had No Activity?
It’s been a tough year for too many reasons to count. From virtual fundraising to online holiday events, nonprofit groups have shown their ability to adapt to a strenuous situation. But not all groups were able to continue when the pandemic hit. Our support team has received a few inquiries around this topic and we…
10 Banking Rules for Small Nonprofit Groups
Over our 17 years in business, we have learned a lot about best practices for nonprofit banking. When it comes to dealing with your money-whether cash or cash equivalents-having processes and guidelines in place can make all the difference in clean or messy books. Of course, these aren’t really official rules. We work with thousands of…
Generating Nonprofit Financial Statements for Your Small Group
So, you’ve been elected Treasurer for your PTA, Booster Club, Rotary or Sports League. Even if you aced accounting in college, this responsibility isn’t to be taken lightly. Providing a nonprofit financial statement is an absolute must. Here’s why. Your board members and/or key stakeholders need to know what has changed with the finances since…
Cash Flow Management for Clubs, Teams and Parent Groups
Simply put, cash flow management is tracking the money that comes in and out of your nonprofit. It’s one of the essential duties of a nonprofit treasure! If you don’t manage your cash flow, you are putting your nonprofit at risk of more than just cash shortages. Losing a donor or having to cancel a…
7 Ways to Handle HOA Accounts Receivable
Why did you join your HOA Board? Maybe you wanted your voice to be heard on the approved paint color schemes. Or you felt you could lend your handyman/handywoman experience to the new mailbox project. The fact is, most people join their HOA Board to help foster the betterment of their community, not to enforce…
Maintaining a Positive Fundraising Event ROI (with a Note About Virtual Fundraising ROI)
Although many fundraising events have a great underlying purpose, sometimes there simply is not enough focus on the bottom line. Fundraising events that generate thousands of dollars may have a negative Return on Investment (ROI). Fact is, nonprofits need money to run programs that meet their mission. You don’t want to spend time, energy and…
Church Treasurer Duties, Explained
A higher power has called upon you to help your church or faith-based organization as the treasurer. Now what? The Church Treasurer assumes an important duty that has a direct impact on the success of the church. Maintaining solid financial footing helps the church complete its mission by having funds to complete its community and…
Connect your Venmo account 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 Stripe Account 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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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.
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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