3 Tips for Getting Your Nonprofit’s Finances Ready for Summer
The peonies are in full bloom, the weather is lovely, and I have taken my white capri pants from the back of my closet. That can mean only one thing, summer is close! There is nothing like the prospect of summer to bring a spring to our collective steps. Summer comes with the idea of…
Read MoreSix Steps to Follow After Receiving a Federal Award
Contributed by our Director of Grants & Compliance, Victoria Hougham You’ve just received a Federal funding award. Congratulations! But, what now? As a Federal grant award recipient you are required to follow all statutory and regulatory requirements. Understanding all of the grant compliance requirements and navigating the many systems can be confusing. While each award…
Read MoreSigns That Your Organization May Be Need Outsourced HR Services
Have you ever sat at a board meeting with a feeling that the Executive Director may be exhibiting unstable behavior or may be running the organization into operational or financial instability?
Read MoreCase Study on a Federal Award Recipient
Recently, we were engaged by a nonprofit organization to help them during a significant finance team staffing shift. In addition to replacing their CFO to complete their 4-person finance team, they were also in the middle of a very rigorous Single Audit and needed an outsourced CFO to step in and help get them through…
Read MoreHow can a specialized grants management team add value to your organization?
Hiring an expert team to establish structure, efficient systems, and processes will help you comply with government grant requirements and will add value to your organization in many ways: This team focuses on government grant compliance and accounting issues – nothing else! You have a good finance team in your organization, but they have a…
Read MoreBudgets for Nonprofits
Budgets are such an integral part of your organization’s financial well-being – make sure you prepare it correctly.
Read MoreQuestions To Ask About Budgets For Non Profit Accounting
Being at a board meeting while a budget is being discussed can be a very intimidating experience. But having a discussion around the questions above can help you understand better the process.
Read MoreIndirect Cost Rate Monitoring
Indirect cost rates fluctuate each year based on the results of your operations. If the indirect rate decreases, it could be a sign that your organization is heading to a major cash flow problem to resolve. Stay on top of your current year’s indirect cost rate to plan and prepare for any changes. It is…
Read MoreBoard Member Perspective – Questions to Ask When Reviewing an Audit
You are presented with the financial statements prepared by auditors. Do you know what questions to ask? What will the auditors tell you only if you ask? The process of auditing the financial statements of an organization is quite invasive not only on the transactions and balances that make up the financial statements, but also…
Read MoreStatement of Activities – One Column At a Time
It is our tendency to immediately look at the total column on a report, but that can leave you asking many more questions, rather than understanding where you’ve been this year so far.
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