Nonprofit Accounting Basics

Recent Articles

Reserves

Originally Posted: December 30, 2008

Operational reserves

Operational reserves are funds an organization accumulates over the years by operating with a surplus.

Personal Giving

Originally Posted: December 30, 2008

If your organization does not rely fully on earned income or government grants or contracts, it most likely is involved in raising funds from individuals, foundations, and/or for-profit corporation

Protection

Originally Posted: December 30, 2008

Satisfactory protection against liability (and loss) starts with rigorous risk management.

Liability

Originally Posted: December 30, 2008

With authority and legal responsibility comes liability.

Ensuring Adequate Resources

Originally Posted: December 30, 2008

The board must ensure adequate resources to allow the organization to carry on its mandate. Financial resources feed into the health and stability of the organization.