financial reporting

Learn more about Nonprofit Accounting and Fundraising Software

nonprofit statement of functional expenses

What are Nonprofit Statement of Functional Expenses

The Financial Accounting Standards Board requires that all nonprofit businesses report their expenses based on both nature and function. In other words, nonprofit organizations must provide an analysis of how their resources were spent and for what purpose(s). The way this is done is by creating what is called a financial statement. 

Read More

When to Consider Strategic Reporting

Strategic reporting is a key way to see your nonprofit from an outside perspective, as well as spot opportunities you aren’t seeing from the inside. Strategic reporting involves analyzing the full potential of your company with several distinct sets of data so that you have a clearer picture of what you need to do to […]

Read More