bookkeeping
Cash vs. Accrual Accounting for Nonprofits
If you’ve recently stepped into a treasurer role for your PTA, community garden, or local sports league, you might be wondering about the best way to handle your organization’s books. There are different approaches to accounting, and choosing the right one can make your job much easier. Cash accounting (also called the cash method or…
PTO / PTA Treasurer Duties: A Month-to-Month Guide
Raising your hand to be your PTO or PTA Treasurer might seem like a straightforward task. How complicated can it be to manage your Parent Teacher Association or Organization finances? In reality, the role carries significant responsibility. From adhering to your group’s bylaws to complying with IRS regulations if you’re a tax-exempt organization, the financial…
5 Must-Have Features When Choosing Parent Group Treasurer Software (PTA, PTO, Boosters)
As the new school year approaches, parent groups such as PTAs, PTOs and Booster Clubs are gearing up for a fresh start. Excitement fills the air as parents, teachers and administrators collaborate to create an enriching experience for students. In all of the excitement, one aspect that is often overlooked is the financial management of…
Bad Checks: What if Your Nonprofit Receives an NSF Check?
When your small nonprofit receives an NSF (Non-Sufficient Funds) Check, it can not only be an inconvenience to deal with, but it can potentially disrupt your budget. Let’s explore how nonprofits can effectively handle NSF checks and minimize the impact on financial stability. What is an NSF Check? Sometimes referred to as a “bounced” or…
What are the Responsibilities of the Treasurer?
Following is a transcript of this podcast episode, with audio/video below. Welcome to the Two-Minute Treasurer’s Tip Podcast. I am your host Cyndi Meuchel with MoneyMinder where our goal is to make your life as a volunteer way easier. Allyson says: I was just voted in as Treasurer for my group. How do I figure…
How to Develop Next Year’s Budget
Following is a transcript of this podcast episode, with audio/video below. Welcome to the Two-Minute Treasurer’s Tip Podcast. I am your host Cyndi Meuchel where we’re hoping to make your life as a volunteer way easier. Lauryn writes: We’re just starting to look at next year’s budget. What suggestions do you have for getting started?…
Is it Okay to Reallocate Funds if You Deviate From Your Budget?
Following is a transcript of this podcast episode, with audio/video below. Welcome to the Two-Minute Treasurer’s Tip Podcast. I’m your host Cyndi Meuchel with MoneyMinder where our goal is to make your life as a volunteer way easier. Erika writes: Our budget was put together by the previous board. We are halfway thru the year…
Why Does MoneyMinder Name Financial Years the Way They Do?
Following is a transcript of this podcast episode, with audio/video below. Welcome to the Two-Minute Treasurer’s Tip Podcast. I am your host Cyndi Meuchel with MoneyMinder where our goal is to make your life as a volunteer way easier. Mckenzie asks: Why does MoneyMinder name their financial years the way they do? I find it…
Is it Possible to Change Your Financial Year?
Following is a transcript of this podcast episode, with audio/video below. Welcome to the Two-Minute Treasurer’s Tip Podcast. I am your host Cyndi Meuchel with MoneyMinder where our goal is to make your life as a volunteer way easier. Rob writes: Our group is set up with a tax year that is awkward for us.…
Sample Nonprofit Chart of Accounts (PTAs, Scouts, HOAs, Sports, Social and Service Groups)
A Chart of Accounts is the foundation of a solid nonprofit group. The COA is a categorized collection of accounts where you have bookkeeping entries, including Assets, Liabilities, Income and Expenses. Each time you put money in or take money out of your group, you need to record it to the right account. A nonprofit’s…
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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.
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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.