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Nonprofit Accounting Basics
An organization's financial plans should include budgets for operations and for capital. Together these comprise what I refer to as an Organizational Budget.
The budget process is the way an organization goes about building its budget.
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Annual operating budgets for nonprofit organizations will always be center stage, drawing the attention of senior management, Board, and staff.
Question: I am the Executive Director of a nonprofit organization that was recently awarded a 3-year grant. We recorded the grant in full last year.
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