year end
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…
13 Questions to Ask the Outgoing Treasurer of Your School or Parent Group
Taking over as treasurer for your school PTO, PTA, or booster club? One of the smartest things you can do is schedule a meeting with the outgoing treasurer. Whether you’re brand new to nonprofit finances or stepping into a familiar role, a thoughtful handoff conversation can prevent confusion and set you up for success. Here…
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…
Year-End Tips for Outgoing Nonprofit Treasurers
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 year-end tips for treasurers who will be ending their tenure. School group treasurers, you will also find this PTO/PTA Treasurers Year-End Checklist handy. If you’re getting…
End-of-Year Checklist for PTO & PTA Treasurers
As the end of the school year approaches, many Parent Teacher Organizations (PTOs) and Associations (PTAs) have concluded the year’s major fundraising efforts. Many have even allocated all of the funds for the year, as the school shifts its focus toward year-end tasks for the last month or more. As the PTA or PTO Treasurer,…
Year End Round Up: Our Top 10 Posts of 2021
Wow, where has 2021 gone? This was another exciting year in the world of volunteer-run nonprofits. Just when we were getting used to managing things virtually, everything went back in person. Now it seems we will be living in a hybrid world indefinitely, and nonprofits will continue to show their resilience and adaptability as they…
Financial / Fiscal Years and How They Impact You
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, co-owner of MoneyMinder, where we are hoping to make your volunteer life easier. Today I’m answering the following question: What is a financial year? Stacy writes, “I’m a new treasurer and I…
Nonprofit Tax Returns: Which Forms to File, and When
Most tax-exempt organizations are required to file an annual nonprofit tax return with the IRS. Which form you file typically depends upon your financial activity, as indicated below. Following are some general guidelines for determining which tax form to file with the IRS: There are some exceptions and the thresholds are subject to change every…
How to Encourage End of Year Giving
End of year giving can mean serious donations for your organization. Use these tactics and see your year end numbers increase.
See Strength In Numbers: The Annual PTA or PTO Audit
The annual PTA/PTO financial review (aka audit) is something that often strikes fear into the hearts of many Treasurers and committee members. Many consider this mandatory task a tiresome burden at best or a complete nightmare at worst; but it doesn’t have to be that way. DEVELOP A NETWORK Utilize your local PTA/PTO community to streamline…
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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.