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Nonprofit Accounting Basics
Not surprisingly, many nonprofit board members do not fully understand financial statements—despite the fact that understanding those statements is key to good governance.
Each year, hundreds of nonprofit organizations are victimized by employee thefts.
The "what and why" of having operating reserves are intertwined and fundamental. In its very simplest conception, an opera
Has this ever happened to you?
Stepping back once a year to take a high-level assessment of your budget system is a healthy exercise.
An organization's financial plans should include budgets for operations and for capital. Together these comprise what I refer to as an Organizational Budget.
The budget process is the way an organization goes about building its budget.
While some organizations view office space as a place to house employees, forward-thinking nonprofits understand office space is a tangible extension of their missions, and a critical tool for mark
Throughout the year, nonprofit organizations review their processes for improvement, cost savings, and areas where they can create greater operational efficiencies.
Reserves have been a topic long debated amongst management and boards alike. What are reserves? What’s so important about reserves? How much is enough? These are hard questions to answer.
In a previous article, we described the importance of including multiple internal stakeholders when selecting and implementing an Association Management System (AMS).
In our article “Confused About Reserves?”, we explored different ways an organization might define its reserves.
One of the top priorities for a not-for-profit organization's (NFP's) Chief Executive Officer (CEO) is the proper stewardship of the NFP's assets.
One of the most damaging effects a fraud can have on a nonprofit organization is a tarnished reputation.
If you’re like most nonprofit leaders, you may have considered or even taken steps towards evaluating financing alternatives for your nonprofit organization.
Open office plans are rapidly becoming a popular choice in many offices.
The term “outsourcing” can have negative connotations, but for many nonprofit organizations it can be an effective tool to help move the organization forward.
Over the last two months, we have explored different ways an organization might define its reserves and the importance of establishing and maintaining those reserves.
Nonprofits, like every other type of institution, have been forced to weather a variety of challenges—some dire—during the economic downturn.
Nonprofits spend a lot of time and energy reviewing financial data.