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Archive by category: Bookkeeping

A Guide to Nonprofit Accounting for Non-Accountants

For example, you can use those funds to build a responsive fundraising framework that better connects donors to relevant charities. Nonprofits must abide by the laws concerning taxes, filing deadlines, and any other applicable regulations that pertain to their special tax status. Failure to comply with these requirements can result in loss of tax-exempt status, significant penalties, and fines. Donors will be …