Where to Find Nonprofit Financial Information

To convince these businesses that supporting your nonprofit is a smart move, you need to show them your financial statements. This statement includes different reports and disclosures that give stakeholders a good understanding of how funds are used. Restricted net...

Creating a Nonprofit Operating Budget: 4 Best Practices

A proactive approach to financial management helps build resilience and flexibility to adapt to changes. The most important financial planning tool at your organization’s disposal is its annual operating budget. Jitasa’s nonprofit budgeting guide defines...

What Is Normal Balance In Accounting

This is consistent with the rule that asset accounts, like Cash, have a normal debit balance. Generally, expenses are debited to a specific expense account and the normal balance of an expense account is a debit balance. The exceptions to this rule are the accounts...

Free Printable Nonprofit Financial Statement Templates Excel

Mention all the funds and donations you are getting from all the clients you have. This is very important as it will help you keep a track of where the money is going and where do you have to cut down expenses to create better things. Since the statement of activities...

How to Use the Future Value Formula

TVM calculates the future value of a sum of money, assuming the cash can grow over time and earn a positive return. Because of the time value of money, money received or paid out today is worth more than the same amount of money will be in the future. By the same...