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Accounts Receivable Non Profit

oboloo Glossary

Accounts Receivable Non Profit

Accounts Receivable Non Profit is a business term describing the money owed to a nonprofit organization by other entities. It’s made up of funds that have been billed, but not yet collected or paid, thus resulting in a short-term receivable balance on the nonprofit’s books. This is important because, without it, organizations would struggle to meet their financial requirements, such as wages and rent. Therefore, tracking accounts receivable non-profit is a vital part of keeping track of a nonprofit’s finances and ensuring the organization stays afloat!

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