April 2019

Bookkeeping Considerations for Nonprofits

Bookkeeping Considerations for Nonprofits

Bookkeeping for nonprofit businesses is mostly similar to bookkeeping for for-profit businesses: both require accurate tracking of income and expenses. Because nonprofits enjoy advantages like tax-exemption due to their designation, they are also subject to a few more rules and standards when managing their books. Nonprofits benefit from high public confidence given their charitable mission. …

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