The Importance of Financial Agility in K–12 Private Schools (and How to Get It)
As part of the leadership of a K–12 private school, it often feels like you are the captain of a [...]
How Purchase Cards Simplify Nonprofit Accounting
Lost receipts, multiple tracking spreadsheets, and unchecked spending, oh my! Does this sound like your month-end scramble? These hurdles are [...]
The Cornerstone of Financial Stability: Accounting System Setup and Data Health for Nonprofits
For nonprofits, every dollar is mission-critical, and every decision impacts lives. The finance team shoulders immense responsibility to make sure [...]
How ASC 958-205 and UPMIFA Enhance Endowment Transparency
Endowments are incredible tools for financial sustainability. But some of the reasons endowments are so valuable also create reporting and [...]
Financial Reviews vs. Financial Audits: Making the Right Choice for Your Nonprofit
Most nonprofit organizations work with a firm to do their annual financial audit. But some organizations might benefit from a [...]
How Nonprofits Can Manage Cash Flow During Financial Challenges
When times are good, knowing your cash flow can help you find opportunities for investment. But when your organization faces [...]
Build Trust by Integrating Your Fundraising and Finance Systems
Integration is a hot term these days. As we see more of our processes move from paper files and folders [...]
What Every Nonprofit Needs to Know About Financial Audits
The term “audit” tends to strike fear into the hearts of organizational leaders and individual taxpayers alike. Most likely, the [...]
Statement of Functional Expenses: How Nonprofits Track Spending
A Statement of Functional Expenses (SFE) is a financial report used by nonprofit organizations to categorize and detail how funds [...]
Statement of Financial Position: A Look at the “Balance Sheet” for Nonprofits
A Statement of Financial Position is a report used by nonprofits to provide a high-level summary of the financial status [...]
