Know the Numbers: Introduction to Nonprofit Accounting

Accurate nonprofit financial records are essential for good governance and operations. Managers and officers rely on financial records to prepare budgets and reports, and the Board of Directors has a duty to review the nonprofit’s finances, ask questions, and make sure the nonprofit is on track.

Small nonprofits, new nonprofits, and anyone who has questions about nonprofit financial fundamentals will benefit from this introduction to nonprofit accounting and bookkeeping.

Topics will include:

– Four core financial statements
– Asset classes and donor restrictions
– Keeping track of money; reconciling bank accounts
– Transaction logs and board reports
– Oversight and controls
– Treasurer’s role
– Federal and state filings
– Technology and resources

Presenter: John Kozma, JD, MSA