Sat.May 28, 2022

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6 Benefits of Fund Accounting Software for Nonprofits

Nonprofit Tech for Good

Many nonprofits use an accounting approach called fund accounting. This method?focuses?on the use?of resources more than profitability,?with transparency and accountability at its core.? It?provides the framework for organizations to tell their stories and remain accountable to their stakeholders.???. Fund accounting also requires specific industry expertise, knowledge and experience to bridge the gap between tracking the use of funds and generating GAAP financial statements that focus on the ch

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