Bookkeeping

We’ve already talked about managing your budget with Relay, but we know nonprofit financial management doesn’t stop there. Before you can develop an accurate budget, you’ll need to gain a clear understanding of the nonprofit’s financial situation. This will require examining your past budgets, current assets and liabilities, cash flow, and fundraising performance. Ultimately, remember […]

As you continue reading below, we’ll cover post-closing trial balances in more detail, including post closing trial balance example key components and how they support accurate financial reporting. Methods include reviewing journal entries, recalculating account balances, and cross-referencing with financial statements to ensure consistency and accuracy. Incorrect postings can also cause issues in the post-closing