budgeting
Booster Club Budget 101
Whether you’re supporting the football team, marching band, or robotics club, a well-planned booster club budget is your roadmap for making smart fundraising and spending decisions all year long. This guide will walk you through creating and managing an effective budget that keeps your organization financially strong for the students and programs you care about.…
How Much Budget Should Your Nonprofit Carry Forward?
How much budget should your nonprofit carry forward from one year to the next? The short answer is: it depends. For some nonprofit groups, a small reserve is enough to cover startup costs and early events. Others might need to hang onto a larger balance for long-term projects or unexpected expenses. Here are a few…
The Magic Formula for PTO & PTA Budgets
A budget is the foundation of success for any nonprofit, and that includes Parent Teacher Organizations (PTO) and Associations (PTA). Budgeting provides the necessary framework for decision-making and ensures resources are allocated efficiently to achieve your goals. MoneyMinder is now offering free PTO and PTA Guides, and one of those is a complete guide to…
5 Benefits of Using a Budget
Following is a transcript of this episode of the Two Minute Treasurer’s Tip Podcast from MoneyMinder, with audio/video below. Welcome to the Two-Minute Treasurer’s Tip Podcast. I’m Cyndi Meuchel, and today we’re talking about the benefits of using a budget. So, we sometimes hear from groups that they don’t have a budget or don’t really want to…
Making Adjustments Mid-Year Based on a Budget Analysis
Following is a transcript of this episode of the Two Minute Treasurer’s Tip Podcast from MoneyMinder, with audio/video below. Welcome to the Two Minute Treasurer’s Tip Podcast. I am your host Cyndi Meuchel. Let’s talk budgets! JoAnne writes: We are approaching mid-year, and so far, we have done really well with fundraising. So well that we want…
How to Keep Your Budget Fresh
Following is a transcript of this episode of the Two Minute Treasurer’s Tip Podcast, with audio/video below. Welcome to the Two Minute Treasurer’s Tip Podcast. I am your host Cyndi Meuchel with MoneyMinder, where we’re hoping to make your life as a volunteer way easier. Stacey writes: Our financial year ends soon, and we are…
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…
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…
What’s the Difference Between Restricted and Reserved (Unrestricted) Funds?
One common question we see at MoneyMinder is about the difference between Restricted and Reserved funds. What are the rules for the different kinds of funds that are raised? How they can be allocated? And how can changes be made, if at all? These questions came up a lot during Covid as organizations had to…
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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.