by pennextsteps | May 14, 2024 | Accounting for the Performing Arts, Bookkeeping with Quickbooks
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 for recording and allocating transactions in its general ledger....
by Pentacle-nextSteps | Apr 23, 2024 | Individual Donations
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 good chunk of your income is probably raised through fundraising. In the...
by Pentacle-nextSteps | Apr 23, 2024 | Individual Donations, Make the Most of Your Fiscal Sponsor
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 deductibility to your campaign contributors can be the factor that pushes...
by Pentacle-nextSteps | Apr 23, 2024 | Individual Donations
Crowdfunding versus Fundraising What is the difference between Crowdfunding and Fundraising? Crowdfunding is exclusively online while fundraising could be either in person or virtual. The majority of Crowdfunding websites make it free to begin so you retain most of...
by Pentacle-nextSteps | Aug 20, 2021 | Build Your Startup, For 501(c)3 Arts Orgs, For Arts Administrators, Taxes
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 completion of the service they provide while an employee’s...
