Finance Insurance Liability 
Wild Apricot
JUNE 16, 2025
The agent handles the finances but doesn’t control your work. You’re looking for basic help with finance and compliance. You’re seeking help beyond finances, like HR, liability coverage or insurance. A fiscal agent acts more like a contractor. They manage the money for your project, but your group stays separate.
Pamela Grow
FEBRUARY 27, 2025
Because your organization cant turn a profit by definition, the goal of tracking your finances is to demonstrate to donors, funders, the government, and the community that youre using your funding responsibly to further your mission. Liabilities. Accountability is at the heart of nonprofit accounting. Net assets.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Get Fully Funded
MARCH 20, 2023
When you’re just getting started, it’s critical that one of your first steps is to create your nonprofit’s first budget to help you manage both your organization and your finances as it grows. Use accounting software to help you manage your finances.
Get Fully Funded
AUGUST 16, 2024
Most COAs are organized into five categories: assets, liability, net assets, revenue, and expense accounts. Liabilities usually start with 2, net assets with 3, revenue with 4, and expenses with 5 and beyond. Then, those accounts are further divided into subcategories. For example, assets usually start with 1.
Qgiv
MARCH 5, 2024
501(c)(2) : This type of tax-exemption is for exempt organizations to create a corporation to hold the title to property the organization owns to minimize liability risks of losing the property. While the public can make contributions to these organizations, private citizens can’t create one because they’re created by congress.
Qgiv
AUGUST 10, 2022
Nonprofits have two customers – the people they serve through the mission and the people or organizations which pay for all or part of the services, such as donors, insurance companies, government entities, and more. Consider having a separate session to discuss your organization’s finances.
Get Fully Funded
JANUARY 16, 2024
The ins and outs of nonprofit accounting may seem overwhelming at first, but effectively recording and reporting your organization’s finances is essential to fund your mission. Also called a balance sheet, this statement breaks down your nonprofit’s assets and liabilities to provide a snapshot of your organization’s financial health.
Expert insights. Personalized for you.
Let's personalize your content