You have often read on this blog about 3 MUSTS of Business:
SALES – CASH FLOW – PROFIT
So now I’ll contradict myself, since Not-For-Profit organizations, those with 501c3 tax status, aren’t ALLOWED to have profits.
Yet they still need Sales, though that term may not be used. They still need Cash Flow in order to function. And, in most cases, they need something that a commercial business does not, i.e. FUNDRAISING!
Many are quite adept at this. Many others…Not so much. If your nonprofit fits the latter description, perhaps it should look at QuickBooks NonProfit Edition for its bookkeeping, and GiftWorks for its Fundraising and Contact Management. These are the two most popular tools in the marketplace and, many would say, the two best.
If you are interested in more information about how to incorporate these tools into your Not-For-Profit organization, feel free to contact me.
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