Our Explanation of Nonprofit Accounting includes a chart that contrasts the financial statements of a nonprofit (or not-for-profit) organization with those of a for-profit business corporation. There are many examples to demonstrate how the financial statements of a nonprofit organizations are connected.
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If you find Nonprofit Accounting terminology difficult, this Word Scramble will provide clues (scrambled answers) to assist you.
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We have included five forms that help you prepare the financial statements of a nonprofit organization. The forms differ according to donors' restrictions. All of our business forms contain an Excel template, a blank PDF form, and a filled-in PDF form.