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  • Glossary of Financial Terms for Nonprofits - Propel
    Short term debt liability: A loan which is issued with a final payment date of one year or less Statement of activities: One of the primary financial reports for an organizations, reporting the income, expenses, and change in net assets for a period of time
  • How to Properly Record Revenue for Nonprofits - The Charity CFO
    To be able to properly record nonprofit revenue, you first have to understand what types of revenue streams a nonprofit might have Many nonprofit organizations receive a variety of funding from many different sources—from membership fees to annual fundraisers
  • 141 Nonprofit Accounting Terms You Need to Know - Capital Business
    Payments for services, donations from individuals, foundations and corporations, support and contract payments from government agencies, income from fundraising activities, and investments NFF defines reliable revenue as distinct from capital
  • Glossary - Nonprofit Finance Fund
    A regular payment that an organization incurs to generate revenue (e g , a regular payment made to pay for salaries, rent, interest) This term is used when referring to the income statement The purpose is the payment necessary to earn revenue, and directly impacts the profitability of the organization
  • Glossary of Nonprofit Grant and Funding Terms - GrantWatch
    Payments can only be used to pay benefits to members Additionally, objective standards need to be created for any distributions 501(c)(19) – Veterans Organizations
  • Glossary of Nonprofit Financial Terms - MoneyMinder
    Understanding nonprofit finances can feel overwhelming, especially for new treasurers navigating tax filings, budgets and compliance This glossary simplifies key nonprofit financial terms in an organized and easy-to-find way, to help you confidently manage your organization’s accounting
  • Nonprofit Revenue Recognition Part 1 of 2
    One standard applies only to nonprofits and covers contributions The other standard applies to all entities, for-profit and nonprofit, and covers exchange transactions We’ll explain these terms in just a bit Nonprofit organizations typically follow two patterns for entering income:
  • Whose Money is it? Recording Contributions Held for Others
    FASB 958-605-25-24 states that a nonprofit organization has not received a contribution if it accepts assets from a donor and either: Agrees to use those assets on behalf of another organization specified by the donor, or Agrees to transfer the assets, the return from investing those assets, or both to another organization specified by the donor
  • 30 Finance Terms Nonprofit Leaders Need to Know - IFF
    Below, we’ve compiled a list of terms to help demystify the process Click the terms for brief explanations of what each one means, and, where relevant, to access additional resources related to the topics
  • Nonprofit Bookkeeping and Accounting Services Terms 2024
    Paying off a debt in equal instalments over some time The term is used for two separate processes: loan write-off and asset write-off Accounts Payable (AP) is the short-term liability an organization has to a supplier for products received before payment is made





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