A church's comprehensive financial report, carefully prepared by treasurers, sheds light on its financial health through key components like income statements, balance sheets, and budget comparisons. Supported by accurate accounting and bookkeeping, this report fosters transparency, trust, and informed decision-making, marking a path toward responsible stewardship and financial stability.
AI revolutionizes nonprofit finances by automating tasks, enhancing analysis, detecting fraud, optimizing costs, and empowering informed decision-making for social impact.
Outsourcing can be a gamble. But when it comes to your church’s finances, outsourced bookkeeping could be the best decision you make.
Wondering whether your church really needs accounting services? Here are 5 ways a virtual accountant can help improve your church finances.
Build your nonprofit’s financial literacy and get back on track. Here are 10 tips from top virtual accounting pros.
Tax season is here. Is your nonprofit ready? Let’s go over the basics of nonprofit filing so you can confidently file returns in 2023!
Dreading that audit? Here’s how your nonprofit can be audit ready with peace of mind.
With Giving Tuesday just around the corner, there are several ways your church can prepare for full participation but be aware of donor impact on your overall accounting procedures. In the digital age, tracking donors and donations has become more complex, depending on the way your church accounting is set up.
Nonprofit organizations face similar risks as for-profit businesses. However, nonprofits must navigate around tight budgets while honoring their donors’ intentions. This article details 6 risks facing nonprofit organizations on a daily basis.
Tax season is upon us, but if you’re a tax-exempt organization, what does that mean for you? Read our article about all the relevant information you need for filing as a nonprofit: