Just because you run a non-profit organization in Nashville doesn’t mean you shouldn’t be trying to earn money. That’s not to say that you should operate like a corporation bent on enhancing your bottom line, but rather that you should manage and grow the resources you receive so that your organization will have more money to do more and accomplish more good works.
Here are a few tips non-profit groups can follow.
Keep excellent records – and analyze them
As in other industries, good money management entails good bookkeeping and accounting.
Recording your organization’s income and expenses to the last digit and letter is one aspect of doing this. Examining the sources of income and recipients of outflow is another.
http://www.evanhcpa.com/know-codes-track-donors-consult-cpa-tips-non-profits/
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