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Understanding Fund Accounting: The Backbone of Nonprofit Finances

GrowthForceBlog

Key Takeaways Why Fund Accounting Is Crucial for Nonprofit Organizations: In nonprofit organizations, the goal and rules of accounting differ from the for-profit world. Nonprofit organizations aim to use almost all of their resources to further their mission in the.

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New Survey Sentiments from Fund Accountants May Indicate Bellwether Industry Shifts

CPA Practice

Seven in ten fund accountants surveyed identified the adoption of automation and AI as the most pressing industry trend for 2025. Notably, 61% agreed that these technologies will play a major role in fund accounting.

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When Venture Capital Flies High, Accounting Services Crash Hard

AccountingDepartment

In this post, we explore the hidden pitfalls of relying on venture capital-funded accounting services and why they may not be the sustainable choice they seem to be. On the surface, these services may appear attractive due to their low costs and initial benefits.

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Seven Signs You Need a Better Fund Accounting System

GrowthForceBlog

With so much difficulty facing nonprofit leaders, struggling to keep up with the bookkeeping and accounting tasks of the back office doesn't need to be added to the list of struggles.

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Mutual Fund Buy-Sell Tax Pitfalls

RogerRossmeisl

Surprise sales You may already have made taxable “sales” of part of your mutual fund investment without knowing it. One way this can happen is if your mutual fund allows you to write checks against your fund investment.

Tax 186
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Nonprofit Fund Accounting vs. For-Profit Accounting: How Do They Differ?

GrowthForceBlog

You can't run a profitable business or a viable nonprofit without a good bookkeeping and accounting system designed to support financial health and operations. 6 min read March 19th, 2024 In both the nonprofit and for-profit sectors, financial management is essential to success.

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Top Pension Funds Saw Largest Fall in Assets in 20 Years

CPA Practice

In 2022, sovereign and public sector pension funds accounted for 152 funds in the top 300, representing 70.9% Sovereign pension funds accounted for $6.2 trillion in assets, while sovereign wealth funds totaled $11.6 Sovereign wealth funds’ assets grew by 13.9% The top 20 funds accounted for 41.5%