Resources

With fewer federal grants available to not-for-profit organizations, the competition to qualify for funding — from all sources, including foundations — has become more intense. Now, more than ever, your nonprofit needs to submit sharp, clear, and attention-getting grant proposals to potential funders. Many organizations are enlisting AI tools to generate proposals. However, it remains […]

When did you join Waters|Ortiz? April 2022 Why did you choose Waters|Ortiz? I was looking for a remote accounting job, and I already had a working relationship with Roxanne, so it was a great opportunity for me to join the Waters|Ortiz team. What do you love most about your job/profession? I do like working remotely, […]

OK, that would be an exaggeration. But there are four measures that generally matter more than the rest. To control your not-for-profit’s expenses and improve operating efficiency, you need to keep an eye on the numbers. This should come as no surprise. But which measures are important? Which ratios can help you identify how much […]

In the process of slashing expenses? Just be careful not to cut essential items, such as sufficient staffing to maintain strong internal controls, from your not-for-profit’s budget. Internal controls are critical for preventing occupational theft. Cybersecurity is something else your organization can’t afford to do without. The good news is fraud prevention measures don’t have […]

Establishing strong financial practices from the start sets your nonprofit up for long-term success. Whether you’re handling accounting internally or working with professionals, focusing on these four key areas will help ensure accuracy and compliance: 1. Document detailed procedures. Even the smallest nonprofit should establish formal, documented, and detailed procedures for managing accounting tasks. Your […]