Bookkeeping For Nonprofits: How Is It Different Than For Small Business?

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Bookkeeping... you know what it is, but do you know how it differs when it comes to your nonprofit vs. Bookkeeping for a small business? It’s not the same, and those differences matter.

📚 ADDITIONAL RESOURCES:
•BLOG ARTICLE: Should Your Nonprofit Outsource its Bookkeeping Needs?

🏆 YOUR NEXT STEP:

0:00 Introduction
0:58 #1: Nature and Purpose of the Entity
1:46 #2: Revenue Recognition
2:36 #3: Financial Statement Terminology
3:16 #4: Tracking of Equity vs. Net Assets
4:23 #5: Profit vs. Surplus
5:42 #6: Taxes
6:24 #7: The Need for Professional Assistance
7:05 Conclusion
  1. Foundation Group
  2. 501(c)(3) nonprofit
  3. how to start a nonprofit
  4. nonprofit compliance
  5. Foundation Group
  6. start a nonprofit with the IRS
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Комментарии
Автор

Thanks for the very helpful video! I’m a bookkeeper with a nonprofit prospective client. Now I know more of what to look for in our consultation call.

katiefunk
Автор

Very informative video. Thank you sir for your efforts !

DINA-qgst
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This was an excellent introductory overview of the subject. Thank you.

earlysda
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This was a great video! very informative, thank you

Mstroup
Автор

Your great, easy to follow. I'm starting a non-profit to develop a park, and travel center to promote the town.
Travel center will have Ice cream, coffee, soft drinks, lite food. Among other things. I'm also retire, will that
cause a problem.

nighthiker
Автор

I am newly established (private foundation). I have used my own money to start up such as the 1023EZ, Marketing items, website/domain-- can I pay myself back out of the funds I have received into my nonprofit?

STARMHFoundation