Need and Importance of Non-Profit Organization

Need and Importance of Non-Profit Organization

Importance of Non-Profit Organization The government tries it’s best to make the lives of people better by providing common services to its citizens. Because the government is only one body, they might delay their services or some services may not…

 How Does a Non-Profitable Organization Work?

How Does a Non-Profitable Organization Work?

What is the work of a Non-Profitable Organization? You might have come across the term Non- profitable Organization, but do you know what it means or what is non-profit work? Non-profitable organizations, also called non-profit institutions or non-profits in general,…

 How to open a Non-Profit Organization?

How to open a Non-Profit Organization?

How to Start a Nonprofit Organization? A great way to give back to your community and help those in need is by starting a Non-Profit Organization. Non-profit organizations examples are usually educational, scientific, religious or charitable institutions. There are several…

 Requirements for 501c3 Tax Return

Requirements for 501c3 Tax Return

The Internal Revenue Code section 501(c)(3) is a provision that allows nonprofit organizations(charities, educational institutions etc.) to be exempted from paying certain taxes. However, according to the Nonprofit Risk Management Center, more than a hundred 501(c)(3) organizations lose the exempt…

 The Accounting Process of a NGO

The Accounting Process of a NGO

Accounting System of the Organization The accounting process is a series of activities that starts with a transaction and ends with the closing of the books. Because this process is repeated that’s why it is called Accounting Cycle. By describing…