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Understanding Functional Expenses – Part 3 of 4

By CarolCarrie / October 16, 2017 /
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This post is the third in a series of four posts on functional expenses. An introductory post, Demystifying Nonprofit Overhead, clarified the term “overhead” and made the case for why you should care about it. In Understanding Functional Expenses – Part 1 of 4, we covered the definition of cost vs. expense and went into…

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Understanding Functional Expenses – Part 2 of 4

By CarolCarrie / October 9, 2017 /
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In our last post, Understanding Functional Expenses – Part 1 of 4, we covered the definition of cost vs. expense. We then dove into the nitty gritty of what expenses are considered to be fundraising. The post just prior to this series, Demystifying Nonprofit Overhead, made the case for why you should care about overhead and…

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Understanding Functional Expenses – Part 1 of 4

By CarolCarrie / October 2, 2017 /
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In our last post, Demystifying Nonprofit Overhead, we began to tackle the concept of “overhead” and why it’s sooooo important for you to understand it. Overhead refers to expenses that are NOT program expenses. You may find it helpful to read that post if you haven’t already. To quickly review, Form 990, the annual information…

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Demystifying Nonprofit Overhead

By CarolCarrie / September 25, 2017 /
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Overhead.  It’s a loaded word in Nonprofit Land. And scary because so many people talk about it with confidence when they clearly have no idea what they are saying. You hate to correct them because you are a little unsure about it yourself. You know overhead is essential. How can you set the record straight?…

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Bank Fees: Hole in Your Organization’s Pocket

By CarolCarrie / September 18, 2017 /
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Bank fees can be a sneaky hole in your organization’s pocket, draining hundreds or even thousands of dollars each year if you don’t pay attention. In working with a client recently, we noticed multiple bank fees for monthly service charges and overdrafts. Ouch! How would a donor feel knowing this is where donations were spent?…

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Should You Use a Volunteer Bookkeeper?

By CarolCarrie / August 21, 2017 /
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Six Levels of Expertise Over the years we have seen a wide variety of wonderful partnerships between volunteers and nonprofits – and a few not so wonderful. Volunteer bookkeepers seem to be a problematic area. Maybe that’s because we also see a lot of problems with paid bookkeepers. It could also be because some nonprofit…

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Lists: Key to Getting the Most Out of QuickBooks for Nonprofits

By CarolCarrie / July 31, 2017 /
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If you’ve been using QuickBooks for a while, you may be frustrated over how to enter transactions so you get meaningful reports. The key to good reports starts with understanding and using QuickBooks’ lists. Today we want to give you a brief overview of QuickBooks’ most important lists. Effectively using QuickBooks’ lists is the key…

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It’s Good to Be Back!

By Carol / July 24, 2017 /
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It’s been a long time since Carrie and I posted to our blog. It’s good to be back! I had to eat a piece of humble pie last year when I realized I had allowed myself to get too busy for things that mattered most to me, including writing this blog. As Michael Hyatt observed,…

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12 Ways Accounting Can Make You an Awesome Nonprofit Manager

By CarolCarrie / March 30, 2017 /
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Let’s be right up front —  accounting is probably not at the top of your list of fun things to do. Or things you really want to work on today. But you are starting to realize that accounting related problems are getting in your way and holding you back from reaching important goals — like…

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Opportunity and Preparation

By CarolCarrie / February 17, 2017 /
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“Luck is where preparation meets opportunity.” – Attributed to the Roman philosopher Seneca. Another favorite quote is “It’s amazing how long it takes to get something done when you’re not working on it.” – Attributed to a lot of people so I have no idea who said that one. Opportunity can come in a flash…

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