Statement of Activities in Nonprofit Accounting
It shows how the organization’s net assets have changed over a specific period of time. In this section, it is crucial to pay attention to the debt and accounts payable. These are key indicators of the organization’s financial health and its ability to manage its obligations. It is important for nonprofit organizations to carefully monitor and manage their liabilities to ensure long-term sustainability. A nonprofit statement of activities is a financial statement that shows the income and expenses of your nonprofit over a period of time. This statement can be used to track your progress and make sure that your nonprofit is staying on budget.
What Is A Profit And Loss Statement,