Making the Switch: What For-Profit CFOs Need to Know About Nonprofit Accounting
sgEngage
MAY 14, 2024
For example, perhaps a donor gave a large gift for the construction of a new shelter for people experiencing homelessness. To do this, you need an accounting system that can hold this information on a unique record, not as part of an account string. Restricted funds , however, are donations tied to a specific purpose or time.
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