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This is Indinero's blog tag page for Nonprofit, collecting articles on nonprofit accounting topics such as fund accounting, functional expense allocation, net assets, nonprofit accounting basics, and the statement of financial position. The page serves as a topic index linking to individual articles rather than presenting a single long-form post.
Fund accounting for nonprofits is a method of tracking every fund in the organization's books so that restricted and unrestricted resources are accounted for separately.
Nonprofits allocate functional expenses by classifying costs into program, management and general, and fundraising categories, and by assigning shared costs across those functions.
Net assets in nonprofit accounting represent the difference between a nonprofit's assets and liabilities, and they must be reported with and without donor restrictions.
The nonprofit statement of financial position is the nonprofit equivalent of a balance sheet, reporting assets, liabilities, and net assets at a point in time.
