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Bookkeeping for Nonprofits

For nonprofits, tracking the type of funds, separating functional expenses, and maintaining compliance with IRS reporting are important.

Fund and Grant Tracking 📌

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  • Restricted vs. Unrestricted

    • Separately track funds with donor imposed limits from general operating funds.

  • Compliance

    • Ensure restricted funds are used only for designated purposes.​

  • Documentation

    • Match every grant or restricted gift to its original agreement

Functional Expense Allocation 📊​

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  • Program Services

    • Record costs directly tied to executing the core mission.​

  • Management & General​

    • Track administrative and operational overhead costs.​

  • Fundraising​

    • Isolate all expenses related to soliciting donations and events.​

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