Similarities & Differences between Non Profits & For-Profits

Every non profit organization has a purpose which is known as its mission. Unlike a for-profit organization, a non profit organization does not exist to generate revenue. Other Similarities & Differences between Non Profits & For-Profits are as… Read More

Best Nonprofit Accounting and Book Keeping Software

If your nonprofit organization has more than 300 transactions a year (just a thumb rule), it’s better to graduate from manual accounting system to more specialized Nonprofit Accounting and Book Keeping Software programs. Although these programs will require… Read More

Nonprofit Accounting: Introduction

Gone are the times, when it was enough for a nonprofit organization to focus on its programs and do well at its mission. With financial scams rocking the world, stakeholders don’t’ just want to know who you are… Read More

Restricted Contribution: Treatment in books

You will often come across the term ‘restricted contribution’ or ‘restricted net assets’ in balance sheet of nonprofit organizations. Not a very common sight in financial statements of ‘for-profit organizations’. This article explains meaning and treatment of ‘restricted… Read More

Sample Mission Statement: Top 20 Nonprofits

A sample collection of mission statement of 20 world’s largest, top and possibly best nonprofit organizations. Environmental Defense: http://www.edf.org   Mission Statement Environmental Defense Fund’s mission is to preserve the natural systems on which all life depends. Guided… Read More