Best Practices for Nonprofit Direct Cost Allocations

Why Nonprofits Need to Understand Direct Cost Allocations:
https://araize.com/nonprofits-need-un...

One of the major differences between for profit and nonprofit accounting is the method used to categorize expenses known as direct cost allocations.

************************

Time Stamps:

0:25 - Functional Areas for Nonprofits
1:10 - Importance of Functional Expenses
1:28 - Example of Functional Expenses & Direct Cost Allocations
2:43 - Best Practices for Implementing Nonprofit Direct Cost Allocations Plan

******************************

Want to take control of your Nonprofit Financial Management?

Sign Up for a Live Demo of FastFund Online and learn how you can achieve your financial goals - https://calendly.com/araize/live-demo

[Online Course] Nonprofit Accounting Fundamentals.
Master nonprofit accounting. Empower your nonprofit organization to become more accountable to funding sources and increase sustainable revenue — as quickly as possible.
Register Now: https://bit.ly/NFM_Course

Connect with us on:

Web: https://araize.com
Facebook: Facebook: Araize
LinkedIn: LinkedIn: joescarano
Twitter: Twitter: FastFundOnline

Have questions? We welcome your questions, comments and feedback below.

Don’t forget to SUBSCRIBE for more insights into Nonprofit Financial Management and learn how to achieve your financial goals.

• #nonprofits_activism
• #nonprofit_accounting
• #fund_accounting
• #cost_allocations
• #nonprofit_management
• #best_practices_for_nonprofit_direct_cost_allocations
• #direct_cost_allocations
• #nonprofit_financial_management