Why does a nonprofit organization need accounting?

Why does a nonprofit organization need accounting?
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What is the best place online to get good information about a nonprofit organization?

Description : What is the best place online to get good information about a nonprofit organization?

Last Answer : answer:Sorry for adding this as a comment. I want to look at the sources of revenue of an organization.

How to Start a Formal Charitable Nonprofit Organization?

Description : How to Start a Formal Charitable Nonprofit Organization?

Last Answer : Any group that is organized with a common purpose of serving thecommunity in some capacity can be an informal nonprofit (NPO).However, in order to maintain the integrity and professionalpresence of ... open abank account and continue when the founder is no longer involvedfor whatever reason.The se

What exactly is a nonprofit organization?

Description : What exactly is a nonprofit organization?

Last Answer : A nonprofit organization does not have owners or shareholders so it does not retain profits from one period to the next, other than to smooth out funding for organizational programs. Therefore, all money ... of the non-profit, and in saving for future programs. Non-profits do not pay dividends.

What licenses must one obtain for a nonprofit organization such as a shelter. This shelter would provide educational life skills to the less fortunate. Location is a building setting with maybe five rooms. ?

Description : What licenses must one obtain for a nonprofit organization such as a shelter. This shelter would provide educational life skills to the less fortunate. Location is a building setting with maybe five rooms. ?

Last Answer : License information for a nonprofit organization vary by location, specifically, state-by-state or county-by-county, to learn of what licenses you might need for your nonprofit orginization check your local and/or state laws for license/permit information.

What type of liability insurance should a nonprofit corporation need to carry?

Description : What type of liability insurance should a nonprofit corporation need to carry?

Last Answer : Just one that cover the basic needs, to not expend a lot of money. That way it doesn't loose money paying for insurance.

What can you tell me about nonprofit status? Specifically, negotiating a public charity vs. private foundation status for a theatre company?

Description : What can you tell me about nonprofit status? Specifically, negotiating a public charity vs. private foundation status for a theatre company?

Last Answer : Get a grant writer / 501 ( C ) 3 specialist, I'm in an organization that recently changed to a non-profit. It cost us only $250 for the specialist she collated all of our meeting minutes for many years, ... and it took us 9 months from filing to receive the non-profit status as a 501 ( C ) 3.

How do nonprofit debt management programs work?

Description : How do nonprofit debt management programs work?

Last Answer : answer:The true not for profit programs are funded by the creditors ( Visa, Mastercard etc. ) They will tell you that if you ask, there is training and mandatory meetings. The reduced interest rate is ... maybe a small fee. Look up MMI. I do not work for any of the debt management agencies.

Should I form a nonprofit?

Description : Should I form a nonprofit?

Last Answer : answer:You really have to look at your goals. If you are a non-profit, all of the proceeds that you take in minus expenses should go back into your endeavor. Also, being a non-profit requires ... for example, an S corporation, you (and any partners) would split all of the proceeds after expenses.

Are there any art galleries/venues in San Francisco that will donate space to a nonprofit fundraising event?

Description : Are there any art galleries/venues in San Francisco that will donate space to a nonprofit fundraising event?

Last Answer : There's a gallery in SOMA called "One Taste" that donated the gallery for a fundraiser taht I was doing...I think we paid a nominal fee like $200...they have a kitchen that we used to set ... only spending $150). However, this space is pretty small. You could squish 100 people in, all standing.

Are there any printing shops in the Bay Area willing to rpovide in-kind printing services to a San Francisco nonprofit?

Description : Are there any printing shops in the Bay Area willing to rpovide in-kind printing services to a San Francisco nonprofit?

Last Answer : I might actually try to hit up the big companies first. Staples is often very willing to do free printing for non-profits, if you show up and talk nice with the manager.

Do you know of any good PMIS systems to suggest for a small nonprofit?

Description : Do you know of any good PMIS systems to suggest for a small nonprofit?

Last Answer : answer:I just found a free one called, GanttProject that looks interesting and here is a list of some others that might be useful by the way, are you familiar with http://techsoup.com ? I work for a non- ... at a time. just thought I'd share that with you in case you didn't already know about it.

What Nonprofit organizations are not in the business of?

Description : What Nonprofit organizations are not in the business of?

Last Answer : What is the answer ?

How To Promote Your Nonprofit Organizations?

Description : How To Promote Your Nonprofit Organizations?

Last Answer : Finding ways of earning money for you nonprofit organizationsisn't easy. What's even harder is trying to find ways of promotingyour group without spending a small fortune in advertising. ... discussingan ongoing issue.Does your local paper have a weekly section on neighborhoodhappenings? This mi

grant for champaign county Ohio fairgrounds nonprofit to build restrooms?

Description : grant for champaign county Ohio fairgrounds nonprofit to build restrooms?

Last Answer : grants for champaign county Ohio fairgrounds nonprofit to build restrooms

How do you apply for nonprofit grants'?

Description : How do you apply for nonprofit grants'?

Last Answer : There are forms that must be filled out for nonprofit grants. Sites like nonprofitexpert.com show the steps and forms that must be filled out for nonprofit grants.

Are all Nonprofit Organizations reputable?

Description : Are all Nonprofit Organizations reputable?

Last Answer : No, not all nonprofit Organizations are reputable, you must search for their history and judge on your own.

where can i find a list of nonprofit organizations?

Description : where can i find a list of nonprofit organizations?

Last Answer : You can find a list at en.wikipedia.org/wiki/Non-profit_organization.

What are nonprofit grants usually given out for?

Description : What are nonprofit grants usually given out for?

Last Answer : Nonprofit grants are given out for a variety of purposes. One such purpose is to help another organization or agency. Some nonprofit grants are also given out as scholarships or fellowships to individuals (usually students) based on requirements set by the nonprofit organization.

are there grants for nonprofit organizations?

Description : are there grants for nonprofit organizations?

Last Answer : Yes, there are many federal and state level grants available for non-profit organizations.

Where can I get information on nonprofit organizations in my area?

Description : Where can I get information on nonprofit organizations in my area?

Last Answer : Check out Guidestar.org, they have a lot of information on nonprofit organizations across the country. Charity Navigator is a great listing of nonprofits that gives ratings to them based on how well they use funding and other variables.

Nonprofit Conference?

Description : Nonprofit Conference?

Last Answer : A nonprofit conference is a conference in which various nonprofit organizations gather together to host an array of activities including public speakers, workshops and more.

Why are Churches titled as a nonprofit?

Description : Why are Churches titled as a nonprofit?

Last Answer : Answers is the place to go to get the answers you need and to ask the questions you want

According to the text, the direct consumers of a nonprofit organisation are its A)general public. B)consumer public. C)member public. D)client public. E)nonbusiness public.

Description : According to the text, the direct consumers of a nonprofit organisation are its A)general public. B)consumer public. C)member public. D)client public. E)nonbusiness public.

Last Answer : D)client public.

What organization set the accounting standards for private sector organization in the US?

Description : What organization set the accounting standards for private sector organization in the US?

Last Answer : What is the answer ?

The objective of quality control mandates that a public accounting firm should establish policies and procedures for professional development which provide reasonable assurance that all entry-level personnel a. Prepare working papers which are standardized in form and content. b. Will advance within the organization. c. Develop specialties in specific areas of public accounting. d. Have the knowledge required to enable them to fulfill responsibilities assigned

Description : The objective of quality control mandates that a public accounting firm should establish policies and procedures for professional development which provide reasonable assurance that all entry-level ... accounting. d. Have the knowledge required to enable them to fulfill responsibilities assigned

Last Answer : Have the knowledge required to enable them to fulfill responsibilities assigned

The most likely explanation why the auditor’s examination cannot reasonably be expected to bring all illegal acts by the client to the auditor’s attention is that a. Illegal acts are perpetrated by management override of internal control. b. Illegal acts by clients often relate to operating aspects rather than accounting aspects. c. The client’s internal control may be so strong that the auditor performs only minimal substantive testing. d. Illegal acts may be perpetrated by the only person in the client’s organization

Description : The most likely explanation why the auditor's examination cannot reasonably be expected to bring all illegal acts by the client to the auditor's attention is that a. Illegal acts are perpetrated by ... testing. d. Illegal acts may be perpetrated by the only person in the client's organization

Last Answer : Illegal acts by clients often relate to operating aspects rather than accounting aspects

Operational audit differs in many ways from an audit of financial statements. Which of the following is the best example of one othese differences? a. The usual audit of the financial statement covers four basic statements, whereas operational audit is usually limited either the statement of financial position or the income statement. b. Operational audit do not necessarily result in the preparation of a report. c. The operational audit deals with pre-tax income. d. The boundaries of an operational audit are often drawn from an organization chart and are not limited to a single accounting period.f

Description : Operational audit differs in many ways from an audit of financial statements. Which of the following is the best example of one of these differences? a. The usual audit of the financial statement ... audit are often drawn from an organization chart and are not limited to a single accounting period.

Last Answer : The boundaries of an operational audit are often drawn from an organization chart and are not limited to a single accounting period.

Which of the following is an incorrect statement relating to the theoretical framework of auditing? a. Effective internal control structure reduces the probability of fraud or irregularities in an organization. b. Application of generally accepted accounting principles results in a fair presentation of financial statements. c. When examining financial data foropinion thereon, the auditor actsexclusively in the capacity of an auditor.d. In collecting evidence, auditorsshould maintain an attitude of trustabout their clients' assertions. the purpose of expressing an independent

Description : Which of the following is an incorrect statement relating to the theoretical framework of auditing? a. Effective internal control structure reduces the probability of fraud or irregularities in ... collecting evidence, auditors should maintain an attitude of trust about their clients' assertions.

Last Answer : In collecting evidence, auditors should maintain an attitude of trust about their clients' assertions.

The management of people/labor should be handled by what department in an organization? (a) Administration ; (b) Human Resources ; (c) Information Systems ; (d) Accounting

Description : The management of people/labor should be handled by what department in an organization? (a) Administration ; (b) Human Resources ; (c) Information Systems ; (d) Accounting 

Last Answer :  (b) Human Resources ;