Procedures and processes that serve multiple purposes (e.g. compliance and information) have a much better chance of success than doing something just because it must be done.
Does a dark cloud hang over your office when the auditor arrives? If you answered ‘yes,’ you’re not alone.
Internal controls have moved out of the dusty halls of accounting and become everyone’s responsibility.
How are trust and internal controls intertwined? That is what we will explore in this article.
Whether you are just starting a nonprofit or have been in existence for years, your organization requires a budget.
Let’s take a look at five key financial management and reporting capabilities that your fund accounting solution should have in order to help keep your organization compliant and increase transparency to stakeholders.
Five things organizations can do to protect themselves and ensure that the influx of contributions received this holiday season support programs, not fraudsters.
Establishing and documenting a formal reserves policy is a best practice that should be adopted by all nonprofits.
There is no single correct solution – one size simply does not fit all when it comes to setting the amount for operating reserves.
There has long been a popular misconception—if a nonprofit has money, it must not need money. However, “not-for-profit” does not mean “no surpluses allowed.”
