Nonprofit financial statements that are prepared for the benefit of a non-profit organization’s financial affairs, as well as for the purpose of informing future financial management decisions. The purpose of a non-profit company is to promote social or community interests, relieve poverty, alleviate environmental pollution, support educational development, and assist in other activities that benefit humanity. Non-profit Financial Statements are prepared to provide an overall picture of the company’s operations, and prepare investors for their investment in the company.
Non-profit financial statement example – download Nonprofit financial statement template. Nonprofit financial statement templates excel file. This excel file provides information such as: the complete financial summary; financial ratios; expenses; income statement; balance sheet; and financial statement with line by line income statement. Nonprofit financial statement templates excel file has all the financial information required by banks and other investors to make an informed investment decision.
Nonprofit financial statement is an excellent tool for non-profit organizations to be able to provide a comprehensive view of their financial status. This kind of financial statement can be used as the backbone of a management plan or as an additional source of information for potential investors. It can provide financial data to help in planning for the future.
Nonprofit Financial Statements is available on several websites. You can also check with your local library to see if they have a copy. If you are unable to locate one in your local library, you might be able to find a local bookstore that offers these services.
Nonprofit Financial Statement template excel file is designed to work on all major operating systems. Most people will have access to a word processing program, but Microsoft Word is not required. If the software package you are using is not a Word processor, you may need to download the software to your computer so you can edit the documents.
Nonprofit financial statement is typically prepared using three basic forms. These include a general ledger, balance sheet, and statement of operations.
General Ledger (GL) is the most commonly used form of non-profit Financial Statement. This document is used to record financial information for each and every expense and income for the year. This includes a detailed description of the items being charged, the amount charged for each item, the date the expense was incurred, the type of the item, whether it was a service or a product, and where the expense occurred. It usually shows the date and time of receipt and the date and time of disbursement.
Balance Sheet is used to record and track the cash flow of each and every expense. An expense is any expense that has been made and is reported on a monthly basis such as, rent paid, utilities spent, food bought, etc. A debt is any expense that is due but has not yet been received, for example, loan interest payments. This includes student loans, car payments, credit card bills, and mortgage payments.
Nonprofit financial statement is generally prepared by compiling and assembling the information contained in the three documents listed above. This information is then entered into a spreadsheet so that you can easily view the information at the same time to better understand what is occurring within the organization.
Nonprofit Financial Statement template allows you to use Microsoft Office applications to design, format, and submit your financial reports. Most accounting software packages can be downloaded online.
Using a Nonprofit Financial Statement template gives you a good foundation of how to use financial accounting. As you go along, you will learn other methods of recording information. And adding different types of financial instruments.
In order to be successful, you need to choose a Nonprofit Financial Statement template that best fits your needs and that you can get for free. Be sure to check with the website of your local library to see if they have this type of financial statement software. The internet has hundreds of sites that offer free financial statements and can help you decide which is right for you. If you do not have access to these types of sites, you may want to contact the website owner to see if they can get it for you.