In our last nonprofit blog, we described why your organization needs to keep accurate records and how a good record-keeping system can prove that you are complying with various laws.
However, there are probably stacks of documents that come through your organization, and you don't want to file away every slip of paper. Fortunately, you don't have to.
The IRS does require you to keep certain essential documents on file to back up accounting entries, reportable income, expenses and deductions.
Which are they? Click here to read the entire blog.