4 Suggested Internal Controls for Small Nonprofits
Nonprofit organizations must emphasize financial transparency and responsibility to maintain trust among stakeholders, donors, and the general public. Read the full article for more information.
Risks of Accepting Donations
As a nonprofit, donations are vitally important, both from a revenue standpoint and for nurturing donor relationships. But should you accept ALL donations extended to your nonprofit? Learn more.
Does your Organization Really Need an Audit, or a Differently Scoped Project?
While audits are valuable, they are not always necessary—or even the best use of limited resources. Before committing to one, it is worth asking: does your organization truly need an audit? Learn more.
Revenue Recognition & Recording Pledges
Revenue recognition refers to the procedures used to record and report funding received and depends on the type of pledge. Learn more about the different types of pledges and how to record them.
Preparing for an Audit: A Guide for Not-for-Profit Organizations
Proper audit preparation can help reduce stress, keep the audit on schedule, and ensure a smooth process. Read more to learn how your organization should prepare for an audit.
Essential Written Policies for Nonprofits: Protecting and Guiding Staff and Board Members
Nonprofit policies are not just documents—they are tools that help staff and board members do their work with confidence, stay within the law, and avoid confusion or mistakes. Learn more.
Comparing your Financial Statements & Form 990
Financial statements and the Form 990 are both important documents providing insights into an organization's finances, but they serve different purposes and adhere to different reporting standards. Learn more.
In-Kind Donation Overview
Nonprofit organizations frequently receive in-kind donations. Receiving in-kind donations raises an important financial question: How should nonprofits record these contributions in accordance with GAAP? Find out more.
Why is an Audit Committee an Important Function for your Organization
The audit committee provides oversight to help maintain the organization’s integrity, financial credibility, and ensure independence through the audit process. Learn more.
Fundraising: Accounting for Special Events
Not-For-Profit Organizations have a number of options when it comes to generating revenue. Making sure the organization is properly accounting for special event fundraising revenues and expenses is an important step in planning your next event! Learn more.