Tag Archive: "functional expenses"
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Strategy Meets Standards In Nonprofit Accounting
While being accurate and responsible with our accounting is important, nonprofits can make more powerful use of new accounting standards if they learn to use them strategically.
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Elegant Cost Centers
To build toward financial elegance, start with the broadest view of your organization and work inward. All nonprofits have a mission and a corresponding mission statement. The way your organization goes about its work, and the financial systems it sets up to support its work, should flow directly from that mission.