Nonprofit Accounting Basics - 5 Things Your Accountant Should Do! // Today I want to run you through some nonprofit accounting basics from an accountant’s standpoint. 5 things your accountant should do and the five things that matter most accounting for a non profit organisation.
So what does your accountant do? Accounting in a not for profit organisation means anything from grant accounting to financial mentorship to cash forecasting, all of which I dive into in this video. The same applies for church accounting and really is nonprofit accounting 101.
Please understand that not for profit accounting is different from regular accounting and if you are a not for profit in Australia then it’s important to have an accountant in Australia who understands NFP accounting.
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If you have any questions, are in the process of starting up an NFP, or interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.
If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.
Visit the downloads page to access helpful diagrams, accounting spreadsheets, templates and budgets.
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