Sample Cash flow worksheet for nonprofit organizations

Revenues and Expenses incurred by an organization are measured on ‘accrual basis’ concept. According to accrual concept, revenues is recorded when it is earned, and expenses are recorded when they are incurred and is not necessarily the same… Read More

Sample statement of activity of nonprofit organizations

The Income statement (also called the Statement of Activity or the operating statement) describes how the organization has dealt with its income and expenses in a given time period. This is primarily established by understanding how the organization’s… Read More

Analysis of sample balance sheet of a nonprofit organization

This is one of the last documents to be prepared by a nonprofit organization but the first that we will take up here. This is because we want to have a bird’s eye view and this reverse engineering… Read More

Accounting systems for Non profit start ups

The accounting procedures for non profit organizations in the U.S.A is governed by the Generally accepted accounting principles (GAAP) laid down by the Federal Accounting Standard boards (FASB). The systems are very comprehensive and it would be beyond… Read More

Opening a Bank Account for Nonprofit Organization

Opening a bank account is the second logical step in starting a non profit organization. Generally you will have to furnish the identity proof and address proof of all the members on the board of the organization along… Read More