Nonprofit Profit And Loss Statement
Nonprofit Profit And Loss Statement – The statement of operations is the profit and loss account of a non-profit organization. It is one of the primary financial reports that all nonprofits need.
You may also hear it called a profit and loss statement or an income and expense statement.
Nonprofit Profit And Loss Statement
Like all nonprofit financial reports, the core function of the Activity Report is to provide transparency and accountability to your donors and board of directors. But it’s also a great tool for understanding the health of your business.
A Sample Chart Of Accounts For Nonprofit Organizations — Altruic Advisors
The Activity Statement further breaks down your income and expenses according to any restrictions that limit how or when you can use them.
Revenue includes all cash flows in your business. Includes donations, grants, fundraising, earned income, government funding and special events.
However, since nonprofit organizations audit …