Nonprofit Accounting Basics

Financial Management

Measuring the Adequacy of Reserves

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.

Minimizing Fraud Opportunities at Your Nonprofit Organization

Nonprofits, like every other type of institution, have been forced to weather a variety of challenges—some dire—during the economic downturn.

Nonfinancial Data - The Train We Don't See

Nonprofits spend a lot of time and energy reviewing financial data.

Nonprofit Operating Reserves Initiative Website

Beginning November 1, 2017 the NonprofitAccountingBasics.org website added an important new resource it its “Fundamentals” section.

Occupational fraud and what you can do to help prevent it

Unfortunately, we’ve become too accustomed to reading or hearing news on incidents of fraud in organizations. Hardly a week goes by that something doesn’t appear in the popular press.

Outsourced Accounting Services

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.

Outsourcing the Strategic Financial Function

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

Peer Benchmarking Study on Nonprofit Investing (SONI)

Nonprofits plan every fiscal move with great caution, backed up with thorough analysis.

Phishing and Spoofing Attacks Growing Ever More Common

You know the scam; someone in a foreign country has inherited a large sum of money and needs your help to get the money delivered to them.

Policies

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

Preventing Nonprofit Banking Fraud!

Technology has dramatically changed how we all work, play, and use our mobile phones, computers, and i-Pads.

Preventing Nonprofit Banking Fraud!

When it comes to banking, there are many types of fraud schemes out there, and new types being engineered every single day.

Smart Measures that Can Help to Prevent Fraud

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

Statement of Financial Activities

Statement of Financial Activities

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

Statement of Financial Position

It used to be called the balance sheet.

Stewardship & Accountability

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

The Budgeting Process

The budget process is the way an organization goes about building its budget.

The Finance Committee and Committee Chair Responsibilities

Role of the Committee

The role of the finance committee is primarily to provide financial oversight for the organization.

The Importance of Cash Projections

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.

The Importance of Operating Reserves for Nonprofits

What is an operating reserve, and why does every nonprofit need to address this issue?

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