Nonprofit Financial Statements Explained
The following article explains how nonprofit financial statements are generated and what information is included. Use the following informat
How often do you check your nonprofit's financials to see how healthy it is?
You might achieve this using an accounting system (hopefully not Excel), and the answer should leave you feeling confident.
Here are some questions you should have answers for:
How much money do you have right now
If you are spending more than you expected
If you have enough to pay your bills
What your plan is for the money you see in your bank account
If you’re in the red or the black