administration
How to Convince Your Nonprofit Board That Financial Management Software Isn’t Optional (Board Flyer)
In today’s nonprofit landscape, your board is responsible for more than just fundraising and stewardship. They’re also responsible for your organization’s compliance, risk management, and long-term resilience. Yet, many boards still view financial management tools as a “nice to have” rather than a necessity. Here’s why adopting nonprofit financial management software like MoneyMinder should be…
The Risks of Using Payment Tools Without Financial Management Tools
When your volunteer organization needs to start collecting payments, you might start looking at PayPal, Venmo, Square, Stripe or even one of those newer platforms like Zeffy or Givebutter. They’re easy to set up, they look professional, and people can pay with just a few clicks. Treasurer role handled, right? Not quite. While these payment…
Going Digital: How MoneyMinder Supports a Paperless Workflow for Volunteer 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…
Everything You Need to Know About Accepting Checks as a Small Nonprofit
When everyone carries a smartphone that can handle anything from buying coffee to paying bills, does your nonprofit really need to bother with old-fashioned paper checks? It may surprise you to hear that most of the organizations using MoneyMinder do accept checks, although most combine them with cash and digital options. Checks offer a few…
What’s the Difference Between Nonprofit, Not-for-Profit, and 501(c)(3)?
Nonprofit, not-for-profit, NPO, tax-exempt, 501(c)(3)… if you’ve heard these terms and wondered whether they all mean the same thing, you’re not alone. People often use these terms interchangeably, but they actually have different meanings that affect legal status, taxes, and how an organization can operate. These differences matter when you’re starting an organization, making a…
When is Form 990 Due?
Most tax-exempt organizations must file a return each year—even if no taxes are owed. Learn everything you need to know to keep your 501(c)(3) in good standing with the IRS this year. What is IRS Form 990? Form 990 is the annual information return that most tax-exempt organizations must file with the IRS. It provides the IRS…
Nonprofit Reimbursement Approvals: Ditch the Old School Paper Chase
Simplifying Reimbursements for Nonprofits Processing reimbursements can be a time-consuming and sometimes frustrating part of your role as a nonprofit treasurer. Depending on your organization’s bylaws, your nonprofit reimbursement policy may require you to obtain approvals and signatures before reimbursing an expense. This can lead to delays in group members being reimbursed, potentially causing financial…
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…
Who Has the Popcorn Machine? A Simple Guide to Tracking Your Nonprofit’s Shared Assets
At MoneyMinder, we get nonprofits—because we’re all volunteers in our own respective groups. And trust us when we say, no matter how big or small a shared asset is, it will inevitably go missing at some point. And of course, it’s always right when you need it most. Many of the emerging nonprofits we serve…
Creating Nonprofit Bylaws 101 (with Example)
Purpose of Bylaws for a Nonprofit Organization Bylaws are like a GPS for your organization, ensuring your nonprofit stays on course as you run it day in and day out. Bylaws establish the responsibilities of the board of directors and procedures for meetings and decision-making. They also help ensure you are in compliance with state…
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.
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 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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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.