What is a Chart of Accounts (COA)?
May 14, 2024
What is a Chart of Accounts (COA)? Why is a Chart of Accounts (COA) important for your bookkeeping practices? A Chart of Accounts (COA) is a list of the accounts that an organization has identified...
Financial Audit Vs. Financial Review
May 1, 2024
Key Differences Between a Financial Audit & Financial Review A financial audit and review are two different types of financial assessments conducted by professionals to evaluate the accuracy and...
Cultivating Individual Donors in the Performing Arts
April 23, 2024
Cultivating Individual Donors in the Performing Arts Development & Fundraising through Individual Donations Everyone needs money, and if you are an artist, nonprofit, or dance organization, a...
Difference Between Non-Profit and For-Profit Entities
April 23, 2024
Difference Between Non-Profit and For-Profit Entities What is a Non-Profit Entity? A non-profit, not-for-profit, or NPO, is an organization that does not seek to earn profit for its owners. Rather,...
What is Fiscal Sponsorship?
April 23, 2024
What is Fiscal Sponsorship? Definition of Fiscal Sponsorship in the Performing Arts Fiscal sponsorship is a relationship in which a nonprofit organization (the fiscal sponsor) agrees to accept and...
How to Create a Project Budget
April 23, 2024
How to Create a Project Budget What is a Budget? A budget is an estimate of income and expenses for a set period of time in the future. You can create a budget for your entire organization or...
What is a LLC?
April 23, 2024
What is a LLC in the Performing Arts? Definition of LLC A Limited Liability Company (LLC) is defined as a legal business entity that limits the company’s members from risk of loss. The owners of an...
How to Create an Operating Budget
April 23, 2024
How to Create an Operating Budget An Operating Budget in the Performing Arts An Operating Budget differs from a Project Budget in that it takes into account all of your project budgets, fundraising...
How to Complete a Cash Flow Statement
April 23, 2024
How to Complete a Cash Flow Statement What is a Cash Flow Statement? A Cash Flow Statement is a financial statement that tracks the movement of a company’s cash over a selected period of time. This...
Running a Crowdfunding Campaign Through a Fiscal Sponsor
April 23, 2024
Running a Crowdfunding Campaign Through a Fiscal Sponsor Running a crowdfunding campaign through a fiscal sponsor can be a great way to raise funds for your project. Being able to provide tax...