Common Nonprofit Accounting Questions About Independent Audits

Just the word audit can sound scary, but an independent audit is actually a good thing for your nonprofit. It’s a valuable tool that can help you stay financially sound and open up more funding opportunities. Here are answers to some frequently asked questions about independent audits for nonprofits. What Are Independent Audits? For an … Read moreCommon Nonprofit Accounting Questions About Independent Audits

Four Best Practices for Nonprofit Accounting

Nonprofit and for-profit organizations could not be more different. The core difference, of course, is the reasons for their existence. For-profit organizations exist to make money, while nonprofits engage in activities geared to improve society. Naturally, the finances trail for both kinds of outfits differs significantly. Nonprofits need to know the best practices when it … Read moreFour Best Practices for Nonprofit Accounting

Why You Need Consultants Who Understand Nonprofit Accounting

nonprofit accountanting consultant

If you were seeking a divorce, you wouldn’t call an entertainment lawyer. Similarly, nonprofits need to work with consultants who are familiar with accounting issues specific to the nonprofit world. Here are a few examples of the kinds of things you may need assistance with. Determining Fundraising Percentages It can be difficult for donors to … Read moreWhy You Need Consultants Who Understand Nonprofit Accounting