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Posts by Caroline Grimm

So You Want to Start a Nonprofit…

Starting a nonprofit organization is a noble endeavor, but it's important to carefully consider various factors to ensure its success and sustainability. Here are key things to think about before...

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How Small Nonprofits can Harness the Power of Ai

Small nonprofits are known for having a limited staff and never enough time to complete all the tasks needed to run a successful organization. By leveraging the power of AI, nonprofits...

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Strategic Planning for Small Nonprofits

Developing a strategic plan is essential for small nonprofits to ensure their long-term sustainability and effectiveness in achieving their mission. Here's a step-by-step guide on how to develop a...

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How is AI Impacting the Accounting Profession?

AI is having a significant impact on the accounting profession in several ways. Some of the key areas where AI is influencing the field of accounting include: Automation of Routine Tasks: AI can...

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Guide to Hiring Your First Employee for a Nonprofit Organization

Hiring the first employee is a significant milestone for any nonprofit organization. It marks a transition from a volunteer-driven initiative to a more structured and professional operation. However,...

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What is the Difference Between Realized and Unrealized Gains in Nonprofit Investments?

Realized gains and unrealized gains are two concepts used to describe the financial performance of investments held by nonprofit organizations. These terms refer to different stages in the investment...

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About the Author

Caroline Grimm is an accounting educator and a small business enthusiast. She holds Masters and Bachelor degrees in Business Administration. She is the author of 13 books and the creator of Accounting How To YouTube channel and blog. For more information visit: https://accountinghowto.com/about/

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