Impact 100 - Finance 101 for Non-Profits Deck - Page 18

Non-Profit Accounting Tips

Non-Profit Accounting Tips

Business vs . Personal Expense

• Don ’ t mix personal expenses with your business records !

Non-Profit Accounting Tips

This is an absolute

“ NO NO ” for

Non-Profits !

Use an Accounting System for Accounting & Tracking

• It is almost imperative – not only for grant purposes , but also for 990 year-end preparation and board financial reporting .

• Reconcile monthly ! Not just checking – all accounts !