Supplement your financial statements with timely flash reportsSeptember 15, 2023
Timely financial information is critical to a successful business. In today’s dynamic marketplace, you may need to act fast to ward off potential threats and risks — and jump on new opportunities. But if you wait until your financial statements are released to react, you’ll likely miss out. Flash reports can provide real-time data that […]
Nonprofits: Ready, set, audit!September 15, 2023
By scheduling annual financial statement audits, you can demonstrate your organization’s financial fitness to donors and other stakeholders. Plus, state governments and other grant makers may mandate them. But don’t assume that auditors will simply swoop in and take care of everything related to the process. You’ll need planning and preparation to make your audit effective, […]
Private foundations: “Disqualified persons” must color within the linesSeptember 15, 2023
Although conflict-of-interest policies are essential for all not-for-profits, private foundations must be particularly careful about adhering to them. In general, stricter rules apply to foundations. For example, you might assume that transactions with insiders are acceptable so long as they benefit your foundation. Not true. Although such transactions might be permissible for 501(3)(c) nonprofits, they […]
Make fundraising a year-round commitmentAugust 31, 2023
If your not-for-profit focuses all of its fundraising energy on the holiday season and the end of the year, it’s not misguided. After all, 26% of charitable giving to nonprofits occurs in December, according to the 2023 M+R Benchmarks Study. But that means almost three quarters of annual donations need to be obtained during the […]
Start cross-training your accounting team todayAugust 15, 2023
The accounting profession is facing a talent crisis. The U.S. Bureau of Labor Statistics estimates that roughly 17% of U.S. accountants and auditors have left their jobs over the past two years, leaving some open positions unfilled for many months. And the American Institute of Certified Public Accountants (AICPA) estimates that 75% of CPAs have […]
- Supplement your financial statements with timely flash reports
- Nonprofits: Ready, set, audit!
- Private foundations: “Disqualified persons” must color within the lines
- Make fundraising a year-round commitment
- Start cross-training your accounting team today
- Overcoming benchmark resistance in your nonprofit
- Do you need to shake up your nonprofit’s culture with new ideas?
- Is QuickBooks right for your nonprofit?
- How to get the attention of high-net-worth philanthropists
- Why can’t my profitable business pay its bills?