The Charity CFO
APRIL 26, 2024
That’s why it’s so important to know what to look for in a nonprofit accountant. The next step is to ask your potential nonprofit accountant a few questions to see if they’d be a good fit for your organization. Here are seven questions to ask a nonprofit accountant before working with them.
The Charity CFO
MAY 31, 2022
It’s a myth that all stakeholders need to be experts in every aspect of nonprofit finances. Even on nonprofit financial committees, some members may be skilled in accounting, others in banking, and others in investing or financial analysis. Because the basics of nonprofit finances are easy to grasp. .
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Top Nonprofits
AUGUST 22, 2022
Nonprofit accounting is unique when compared to for-profit accounting. This is primarily because nonprofits agree to reinvest all of their revenue back into the mission at hand in exchange for tax-exempt status. Generally, they’re segregated into four categories: Financial managers or leadership.
Top Nonprofits
FEBRUARY 23, 2024
In this guide, we’ll explore how to manage payroll for your staff. The first step to effectively manage staff payroll is to gain a holistic understanding of your employees’ efforts and compensation. This data is crucial to effective financial management and nonprofit compliance, especially for annual filings such as Form 990.
Nonprofit Megaphone
JUNE 23, 2022
Whether you need to take some simple steps to solidify your financial management approach or completely overhaul it, your organization will be able to accomplish more for your mission when you’ve fine-tuned your strategy. In this guide, we’ll cover the core elements of healthy nonprofit financial management.
The Charity CFO
FEBRUARY 27, 2023
How does a nonprofit manage its money? One of the most important board members for a nonprofit is the treasurer. The treasurer role encompasses a wide array of responsibilities, mainly concerning financial management and oversight. Many nonprofits do not have in-house accountants and choose to outsource instead.
The Charity CFO
JANUARY 12, 2024
Specifically, a financial forecast , sometimes called a projection, is an estimation of an organization’s projected financial conditions based on past and current finances. Fortunately, financial forecasting can be extremely useful in more accurately predicting cash flow in a nonprofit. Get in touch with our team today.
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