What are Nonprofit Financial Statements? [ Main Reports You'll Need]

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Table of Content:
0:00 Intro
0:13 What Are Financial Statements?
0:37 Balance Sheet Report (Statement of Financial Position)
1:01 Income Statement Report (Statement of Activities)
1:37 Statement of Functional Expenses
2:17 Why You Should Use Fund Accounting Software?

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In this lesson, we are going to learn about nonprofit financial statements, a.k.a. reports. We will take a look at the two reports everyone needs, a third report nonprofits need, and other types of reports that can benefit your organization. If you have set up a chart of accounts and started to record transactions, this is the lesson for you!

Aplos is the #1 online accounting software that has helped more than 40,000 nonprofits. Watch our demo to learn more: https://aplos.us/demo-video

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