Understanding Nonprofit Bookkeeping: 3 Things to Know
Periodic reports are Record Keeping for Small Business created to provide updates on how the grant funds are being used. Bills and vendor invoices need to be categorized and recorded upon receipt. This ensures payments are processed promptly and your financial reporting remains precise. It’s important to note that bookkeepers are not certified public accountants (CPAs). Bookkeeping does require training and experience but not a specialized degree. When she is not deep in the interpretation and analysis of financial records, she likes to be outdoors hiking, biking, playing volleyball and traveling domestically and abroad.The nonprofit bookkeeper is the front line in the battle for the accurate financial data you need to run your business, so let’s review the core responsibilities of a nonprofit bookkeeper.This method tracks income and expenses when…
