A cash flow forecast predicts when revenue comes in and when revenue goes out. It is an excellent tool to avoid cash shortfalls. By creating a cash flow forecast for a 12-month period, your nonprofit will be ready for lean times.
Is your nonprofit tax exempt? Being a nonprofit organization doesn’t mean you are exempt from paying taxes. This post explores the criteria for tax exemption.
Hiring a nonprofit accountant is critical to a nonprofit’s success in fulfilling its mission. Selecting an accountant with the proper skills and understanding can be a daunting task. Before you hire your next nonprofit accountant, be sure they have the knowledge to ensure compliance and accountability.
Not-for-profit organizations must understand nonprofit accounting practices to avoid jeopardizing their status. What are the key ways to remain compliant? [Read more…] about Nonprofit Accounting Practices: Key Ways to Remain Compliant
Nonprofit Form 990 red flags impact donor trust and reveal lack of due diligence. The 990 is a snapshot of how well an organization has complied with government regulations and what activities it has carried out to ensure it is upholding its mission. [Read more…] about What Form 990 Red Flags Reveal About Your Nonprofit