chart of accounts

Closeup of a woman's hand using a calculator

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…

How to Keep Your Nonprofit Budget Fresh

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…

Sample Chart of Accounts for Nonprofits

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…