In our last post, Demystifying Nonprofit Overhead, we tackled 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 return required…
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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 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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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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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 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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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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“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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