What Is Nonprofit Functional Accounting?
Learn about what is nonprofit functional accounting and why does it matter:
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Nonprofit organizations are subject to unique accounting and reporting requirements
Expenses must be reported by Functional Area:
Support Services and Program Services
1. Support Services
Management and General – Day to day administrative activities such as management, accounting, human resources and governance.
Fundraising – Activities related to appeals for support through donations and fund raising events.
Program Services - Activities related to providing the services for your mission.
Readers of your financial statements, such as donors are interested in understanding the relationship between an organization’s program expenses and its supporting expenses. This helps answer the “why” question regarding an organization’s expenses.
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