Bookkeeping

3 Financial Ratios and Benchmarks Nonprofits Must Know

These assets are not bound by donor-imposed restrictions, allowing management the flexibility to allocate resources where they are most needed. This category includes revenues from general operations, donations without specific stipulations, and investment income. The unrestricted nature of these assets makes them particularly valuable for covering operational expenses, funding new initiatives, or addressing unexpected financial […]

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Your nonprofit’s biggest cheerleader and outsourced accounting department

Nimbl is reimagining what cloud accounting and nonprofit bookkeeping should be. With over 15 years in the industry, we’re pioneers in providing Strategic Finance Solutions for nonprofits of all sizes. By managing all your accounting, tax, IT, and operational needs, we help you develop holistic, sustainable financial strategies that support your mission today and into

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Liabilities in Accounting: Understanding Key Concepts and Applications

Liability accounts are found on the balance sheet of a company and are an essential component of the accounting equation. Liabilities are the debts, or financial obligations of a business – the money the business owes to others. Liabilities are classified as current liabilities or long-term liabilities. Cash These arise due to timing differences between

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