financial management
The Volunteer Treasurer’s Guide to Nonprofit Financial Reports
What, Why and When to Use 25 Different Nonprofit Reports Managing finances for a volunteer-run nonprofit can feel overwhelming at times—especially when you open your accounting software to find a long list of unfamiliar reports. What’s the difference between a Balance Sheet and an Income Statement? When should you use a Reconciliation Report? Do you…
Financial Risk Assessment Checklist for Nonprofits
Serving on the board of a nonprofit organization can be a labor of love. Whether you’re the President or Treasurer, you’re driven by a mission to make a meaningful impact. However, as they say, “with great purpose comes great responsibility.” This is especially true when it comes to managing and protecting your nonprofit’s finances. A…
The Treasurer’s Report: Everything You Need to Know
The Treasurer’s Report is a critical document for any nonprofit, no matter the size. Many large nonprofits have an accountant they may work with to generate this report. But for smaller nonprofits — booster clubs, PTOs, PTAs, sports teams, charities, associations, clubs and more — it’s a volunteer treasurer that is compiling and presenting the…
How to Prepare for Your Nonprofit Group’s Audit
Welcome to the Two-Minute Treasurer’s Tip Podcast. I’m Cyndi Meuchel, and today we’re talking about how to prepare for your audit. Ideally, you will have been preparing for your group’s audit, or sometimes it’s called a financial review, all year long by tracking transactions, reconciling your bank accounts, and basically keeping your paperwork organized. If…
Should Club Treasurers do a Monthly Audit, an Annual Audit, or Both?
Following is a transcript from this episode of MoneyMinder’s Two Minute Treasurer’s Tip Podcast. Welcome to the Two-Minute Treasurer’s Tip Podcast. I’m Cyndi Meuchel, and today we’re talking about monthly versus annual audits. Do club treasurers need to do both? You’re likely familiar with the idea of holding an annual audit – that’s where you…
Do You Need to Change Your Financial Year Start Date?
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 with MoneyMinder. If the idea of changing your financial year has crossed your mind, you’re going to want to keep listening. Thomas asks: We…
Financial Tracking & Recordkeeping for Major Products or Purchases
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 and today,and we’re talking about planning for major projects. Zach writes: Our group is planning for a playground that we’d like to build in…
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?…
Extend Your MoneyMinder Capabilities with These Tools
MoneyMinder is the gold standard in simple accounting tools, built for volunteer-run organizations to minimize the learning curve and maximize financial management capabilities. What’s more, we make it our goal to keep our software prices low so groups can allocate more of their funds toward their mission. With features that help treasurers ensure accountability and…
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…
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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.
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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