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Understanding Fund Accounting: The Backbone of Nonprofit Finances

GrowthForceBlog

Key Takeaways Why Fund Accounting Is Crucial for Nonprofit Organizations: In nonprofit organizations, the goal and rules of accounting differ from the for-profit world. This helps the organization follow all rules and restrictions with respect to funds from different grants, endowments, or donors.

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When Venture Capital Flies High, Accounting Services Crash Hard

AccountingDepartment

In the fast-paced world of small and medium-sized businesses (SMBs) and startups, reliable accounting services are crucial. Recently, a new trend has emerged—accounting firms operated with the help of venture capital funding. On the surface, these services may appear attractive due to their low costs and initial benefits.

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How to Choose the Best Nonprofit Accounting Software

Accounting Seed

Accounting software is one of the most valuable tools a nonprofit can have, as it allows team members to shift their focus from tedious data management to what truly matters: serving people and making an impact. However, great accounting software doesn’t need to cost an arm and a leg. leading to an inefficient accounting process.

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Seven Signs You Need a Better Fund Accounting System

GrowthForceBlog

With so much difficulty facing nonprofit leaders, struggling to keep up with the bookkeeping and accounting tasks of the back office doesn't need to be added to the list of struggles.

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Top Remote Accountants of the Week | July 25, 2024

Going Concern

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Accountingfly can help!

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Mutual Fund Buy-Sell Tax Pitfalls

RogerRossmeisl

Surprise sales You may already have made taxable “sales” of part of your mutual fund investment without knowing it. One way this can happen is if your mutual fund allows you to write checks against your fund investment.

Tax 180
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Attention, Soon-to-be-Accountants: Governments Need You

CPA Practice

Professional association leaders warn that accounting staff shortages are popping up nationwide, impairing financial reporting at the same time that Congress has been pushing for more transparency in financial data , which will require even more staff work. So what’s changed in the supply chain for governmental accountants?