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Nonprofits of all sizes use the following software to create and keep these reports up to date. Nonprofit bookkeeping refers to the recording, tracking, and analyzing of an organization’s revenue and expenses. Nonprofits must be transparent in their bookkeeping to remain tax-exempt. The best way to do this is by following accounting principles and staying…

You may have to manually add transactions that are not in your accounting software to ensure that you can successfully reconcile your bank statement. When you are completed, the balance in your bank account should be the same as the balance on your accounting system. It’s hard to say which part of this process is…