Bookkeeping... you know what it is, but do you know how it differs when it comes to your nonprofit vs. Bookkeeping for a small business? It’s not the same, and those differences matter.

ADDITIONAL RESOURCES:
•VIDEO: What is Unrelated Business Income in a Nonprofit?    • What is Unrelated Business Income in ...  
•VIDEO: How Do You Manage Restricted Funds?    • How Do You Manage Restricted Funds?  
•VIDEO: Who REALLY Owns a Nonprofit?    • Who REALLY Owns a Nonprofit?  
•VIDEO: What Records Should a Nonprofit Keep?    • What Records Should a Nonprofit Keep?  
•BLOG ARTICLE: Should Your Nonprofit Outsource its Bookkeeping Needs?
https://www.501c3.org/shouldyournon...
•BLOG ARTICLE: Bookkeeping For Nonprofits: How Is It Different Than For Small Business? https://www.501c3.org/bookkeepingfor...

YOUR NEXT STEP:
•Fill out this form for a FREE consultation nonprofit bookkeeping: https://www.501c3.org/501c3services/...
•Register for Fundraising TV: https://www.501c3.org/fundraisingtv/
•Download the FREE eBook “10 Things You Need to Know Before Starting a Nonprofit” https://bit.ly/3XhFag0


0:00 Introduction
0:58 #1: Nature and Purpose of the Entity
1:46 #2: Revenue Recognition
2:36 #3: Financial Statement Terminology
3:16 #4: Tracking of Equity vs. Net Assets
4:23 #5: Profit vs. Surplus
5:42 #6: Taxes
6:24 #7: The Need for Professional Assistance
7:05 Conclusion