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    Altruic Advisors
    https://altruic.com › blog › a-sample-chart-of-accounts-for-nonprofit-organizations

    A Sample Chart of Accounts for Nonprofit Organizations

    What are the 4 types of accounts for a non-profit organization?
    There are four types of accounts: assets, liabilities, equity, and income. Creating a chart of accounts for your nonprofit organization is not difficult, but there are some key considerations that should be taken into account. The following list outlines the steps to take when creating a chart of accounts for your non-profit organization:
    nonprofitmavericks.com
    Set Up a Nonprofit Chart of Accounts (Free Template)

    It’s a list of the accounts you use in your organization to track your financial transactions. Specifically, it tracks your assets, liabilities, income, expense, and equity. You don’t record any financial data in the Chart of Accounts itself; it’s like an organizational map of your accounting structure. In a nonprofit’s Chart of Accounts, each acco...

    The Charity CFO

    A well-organized Chart of Accounts helps people outside your organization (like your CPA or a bank) easily read your books. For that reason, your account numbering, category names, and structure should follow standard guidelines and numbering conventions established by Generally Accepted Accounting Principles(GAAP). Those number and name convention...

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    Every chart of Accounts should have the same five categories, in this order: Assets (1000s), Liabilities (2000s), Equity (3000s), Income (4000s), and Expenses (5000s+). Here’s how that works for each account category.

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    Now, let’s put each of those 5 required categories together to get a full look at a nonprofit Chart of Accounts. If you’re ready to create a Chart of Accounts for your nonprofit, you can start with this template, made for you to customize by The Charity CFO. Use it as a guide. If you don’t need all of these accounts, you don’t need to create them t...

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    Your Chart of Accounts is the foundation for any accounting system. So the accounts on your Chart of Accounts will appear on your financial statements, like the Statement of Financial Position (balance sheet) and Statement of Activities(income statement). But, not every section of the Chart of Accounts will be used on these statements. The income s...

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