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...
Determining the Right Fiscal Sponsor for You
April 23, 2024
Determining the Right Fiscal Sponsorship for You To get a fiscal sponsor, you will need to identify potential fiscal sponsors that align with your mission and work. Below are some things to...
Determining Pay Rates for Your Team
June 12, 2023
Considerations for Determining Pay Rates Determining How Much to Pay Your Team Pentacle recommends using the W.A.G.E. calculator to get a sense for how much established institutions are paying for...
Top CRMs for Non-Profit Entities
May 22, 2023
Top CRMs for Non-Profit Entities Salesforce Salesforce is a widely used CRM system that offers robust features and customization options. Nonprofits can use Salesforce’s Nonprofit Success Pack...
What is a Board of Directors and What to Consider When Creating One
May 22, 2023
What is a Board of Directors and What to Consider When Creating One What is a Board of Directors? A board of directors is a group of individuals who are elected to govern and oversee the...
What Do I Need to Apply for Fiscal Sponsorship?
April 23, 2023
What Do I Need to Apply for Fiscal Sponsorship? The specific requirements for applying to different fiscal sponsorship programs will vary depending on the nonprofit that is offering fiscal...
Employee versus Independent Contractor
August 20, 2021
Employee vs. Independent Contractor What’s the difference between an employee and an independent contractor? The payment for an independent contractor is performance-based and is determined by the...
New York City Fiscal Sponsors
January 23, 2021
New York City Fiscal Sponsors List of Fiscal Sponsors in New York City Organizations that act as fiscal sponsors provide a vital service in the cultivation of new projects and entities. Learn more...
Quickbooks Desktop versus Online Accounting Software
December 14, 2020
Quickbooks Accounting Software: Desktop versus Online Options Comparing Quickbooks Accounting Software: Desktop versus Online Options If you’ve already chosen Quickbooks as your accounting software,...
Bookkeeper vs. Accountant
November 16, 2020
Bookkeeper vs. Accountant The terms bookkeeper and accountant are often used interchangeably. However, they both hold very different roles. So what is the difference between a bookkeeper and an...