The ABCs of Fund Accounting

Originally published on January 29, 2025

Understanding fund accounting is essential for nonprofits aiming to ensure compliance, transparency, and trust with donors and stakeholders.

🏦 In this video, we break down the ABCs of Fund Accounting, explaining how it helps nonprofits track financial resources based on their purpose or source.

Discover how fund accounting works, the key fund types (general/unrestricted, restricted, and endowment funds), and why it’s crucial for accurate reporting to grantors and donors. From managing grants to honoring donor restrictions, learn how this system supports responsible stewardship and builds credibility for your organization.

💡 Whether you’re new to fund accounting or want a quick refresher, this video is packed with insights to help your nonprofit thrive financially while staying compliant. Subscribe for more nonprofit accounting tips and best practices!

🔑 Key Takeaways:
*What is fund accounting?
*The importance of fund accounting for nonprofits.
*Understanding general, restricted, and endowment funds.
*How fund accounting builds trust and transparency.

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🌎 James Moore Nonprofit CPAs and Advisors: https://www.jmco.com/industries/nonprofit/
🤝 Nonprofit Accounting Articles on JMCO.com: https://www.jmco.com/articles/nonprofit/

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