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 [...]
Types of Grants That Every Nonprofit Should Know
Of the many ways a nonprofit organization can get funding, grants often seem like the holy grail. Fill out 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 [...]
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 [...]
Your New Budgeting Superpower: Program-Based Budgeting
As a nonprofit finance leader, you are constantly aware of the many different pulls on your funding availability. One program [...]
Why Accurate Payroll and Time Allocation Is Crucial for Your Nonprofit Grant Reporting
As a nonprofit finance professional, you want all your data to be accurate. And payroll and grant reporting are two [...]
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 [...]
Best Practices for Mitigating Fraud in Not-for-Profit Organizations
An estimated $557 billion was donated by individuals, foundations, and corporations to charities in the United States in 2023. Regardless [...]
Strategies for Nonprofits Affected by QuickBooks Tag Depreciation
QuickBooks is depreciating the tags functionality in their accounting software starting March 8. If your nonprofit has chosen to use [...]
Don’t Make These Common Mistakes When Filing Your Form 990
Your tax-exempt status may keep you from having to file traditional tax returns, but maintaining the designation comes with its [...]
