Blog Posts

Making Everyone Look Good: Cash vs Accrual Accounting

In 2018, the good news was that a number of ZIM clients received multi-year grants. The bad news was that because of their methods of accounting, the total amount granted over multiple years was only accounted for in year one This put extra pressure on both ZIM and our nonprofit clients to increase general fundraising in the second and third year of these grants, because a year-to-year comparison would show a decrease. So, what was going on? Every company, including nonprofits, need to use accounting methods to track income and expenses with the goal of gaining information on the financial health of the organization. There are two ways of doing this: the cash method or the accrual method. If

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