Category Archives: Contributions

Debit & Credit Conundrum

  Anyone that has not had an Accounting 101 class will most likely be confused by the concept of Debits (Db) and Credits (Cr). These are nothing like Debit and Credit cards (which is what I thought originally…), but are … Continue reading

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Posted in 501(c)3, Accounting, Aplos, Bank, Board of Directors, Church, Compensation, Contributions, Fund Accounting, Loans, Non-profit, Organization, Payroll, Uncategorized, Web-Based | Tagged , , , , , , , , , , , | Leave a comment

Understanding Nonprofit Financial Statements

Understanding financial statements is instrumental to nonprofit leaders and donors. This blog names some of the nonprofit financial statements and defines what a statement of activity, statement of financial position and statement of functional expenses are. Continue reading

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Posted in 501(c)3, Accounting, Aplos, Board of Directors, Church, Contributions, Fund Accounting, Legal, Non-profit, Organization | Tagged , , , , , , , | Leave a comment

Non Cash Charitable Contributions

Accounting for items donated to your nonprofit can be confusing. There are many things to consider when auctioning or selling donated goods. This blog provides the accounting journal entries involved for the nonprofit or church and the contribution receipts for the donors. Continue reading

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Posted in 501(c)3, Accounting, Aplos, Church, Contributions, Fund Accounting, Fundraising, Non-profit, Organization | Tagged , , , , , , , , | Leave a comment