bookkeeping

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…

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…

How to Deal with Cash On Hand for Full Transparency
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 volunteerway easier. Addison writes in: My group has cash on hand to make change at events. I just learned…