Proper nonprofit audit preparation and compliance is important for building donor trust, financial transparency and accountability. [Read more…]
Nonprofit Audit
Guide to the Nonprofit Statement of Financial Position Report
What is a nonprofit statement of financial position report and how can it determine if a nonprofit is healthy financially? [Read more…]
IRS Form 990: Which Form Does My Nonprofit Need To File?
As a nonprofit organization you are required by the IRS to file an annual financial information return called the IRS Form 990. [Read more…]
Nonprofit Accounting: Difference Between a Fund and a Program
In order to understand nonprofit accounting, it is important to know the difference between a fund and a program. A true nonprofit accounting system tracks revenue from funds and expenses by programs or functional areas. [Read more…]
Nonprofit Accountability: How Charity Watchdogs Impact Donations
How do charity watchdogs influence donations? Without proper controls and accountability, your nonprofit may be forced to shut down. [Read more…]