Nonprofit Accounting
The Power of Financial Transparency for Nonprofits: How a CPA Can Help
Nonprofits face many unique challenges when compared to other sectors. One hardlined reality? Nonprofit finances are susceptible to a high level of scrutiny. The general public, donors, and governmental authorities can all be sources for an eagle-eyed analysis of a nonprofit’s financial records. As a CPA and financial advisor to nonprofit associations and organizations, this…
Read MoreAt What Point Do You Have to Say ‘NO’ to a Grant?
There is nothing like the excitement of hearing that you are being awarded a generous grant. As a mission-driven organization, your goal is to provide a valuable service to your community. Grant money can feel like the essential “blood” that courses through the work you do and brings “oxygen” to a variety of programs and…
Read More3 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 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 More