Put some muscle behind your nonprofit’s capacity-building effortSeptember 14, 2021
Economic instability caused by the pandemic may have your nonprofit scrambling to find funding. But just as important is making internal adjustments that build your nonprofit’s capacity to fulfill its long-term mission. However, you may want to tweak the standard capacity-building process. Making a case The National Council of Nonprofits defines “capacity building” as the […]
Private companies: Are you on track to meet the 2022 deadline for the updated lease standard?September 14, 2021
Updated accounting rules for long-term leases took effect in 2019 for public companies. Now, after several deferrals by the Financial Accounting Standards Board (FASB), private companies and private not-for-profit entities must follow suit, starting in fiscal year 2022. The updated guidance requires these organizations to report — for the first time — the full magnitude […]
Reaping the benefits of cause marketingSeptember 8, 2021
Starbucks, Nike, Pepsi, Uber, and scores of other major companies regularly use cause marketing to burnish their image and reach customers. The not-for-profit organizations that partner with these companies can reap multiple benefits, including financial support and raised awareness of their mission. Cause marketing can take many forms, so it’s important to find both the […]
Have you followed up on the management letter from your audit team?August 11, 2021
Auditors typically deliver financial statements to calendar-year businesses in the spring. A useful tool that accompanies the annual report is the management letter. It may provide suggestions — based on industry best practices — on how to fortify internal control systems, streamline operations and reduce expenses. Managers generally appreciate the suggestions found in management letters. […]
What method of accounting is right for your business?July 29, 2021
Different companies have different financial reporting needs. Is your current accounting method a good fit, or is it time for a change? Businesses need financial information that’s accurate, relevant, and timely. The Securities and Exchange Commission requires publicly traded companies to follow U.S. Generally Accepted Accounting Principles (GAAP), often considered the “gold standard” in financial […]
- Put some muscle behind your nonprofit’s capacity-building effort
- Private companies: Are you on track to meet the 2022 deadline for the updated lease standard?
- Reaping the benefits of cause marketing
- Have you followed up on the management letter from your audit team?
- What method of accounting is right for your business?
- Client Corner – Florida Health Justice Project
- Is your nonprofit ready to hire, or is outsourcing a better solution?
- Recordkeeping DOs and DON’Ts for business meal and vehicle expenses
- 5 trends to watch during the pandemic recovery
- Is a merger in your nonprofit’s post-pandemic plans?