How to keep track of expenses of non-profit organizations?

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A non-profit organization (NGO) is a special tax status of an organization that does not have the goal of making a profit in the course of its activities for distribution among participants, and accordingly there is no income tax for such organizations. But the status of an NGO does not automatically exempt from other taxes.
Accounting for income and expenses in such an organization has its own characteristics. The constituent documents of the organization are the desk documents for conducting business operations of NGOs. Each operation for the receipt of money and for spending must be verified with the goals for which the NGO was created.
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Publication date: 03/08/2022

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