Please pardon our mess. We are in process of updating content to ensure you have the most up to date information available. For the next few months you may find fewer articles than usual.
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.
Outsourcing is a contract with a third party to perform services which are normally done in-house. These services typically are provided by companies who specialize in the field.
In an increasingly competitive nonprofit world vying for fewer resources, an organization’s survival and sustainability is largely dependent on its capacity for short and long-term strategic financ
Creating a policy is like making a decision when you have time to be thoughtful, to do adequate research, and to consult colleagues and other professionals rather than making decisions in haste as
Technology has dramatically changed how we all work, play, and use our mobile phones, computers, and i-Pads. So, it should come as no surprise that fraudsters are using this same technology t
The economic conditions of today have caused a huge increase in fraudulent acts by not only employees who work within an organization, but also outsiders who have a relationship with the organizati
It used to be called the income statement, and many nonprofit organizations produce a variety of versions of this report calling it various names such as b
As board members and managers of nonprofit organizations, we are constantly reminded that we must be good stewards of the public trust, ensuring the resources of our organizations are well protecte
It is a prudent financial practice to prepare and operate from a budget. The budget is the annual financial plan for carrying out the strategic plan and mission of the organization.