For many business leaders, the thought of a nonprofit audit can be a daunting one. However, it’s important to remember that audits are a normal part of nonprofit operations and shouldn’t be feared. In fact, a successful audit can...
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We previously made our case on the need for accuracy and transparency among nonprofits. While it’s tempting to make every expense on your balance sheet appear to be programmatic, it’s not realistic for a thriving nonprofit to exist without...
As a not-for-profit organization, transparency in your financial reporting not only gives donors an assurance of how their dollars are dispersed, but it also can help you make better strategic decisions. To promote transparency, the Financial Accounting Standards Board...
There’s a temptation among nonprofits to present all their expenses as a program service, or an expense directly related to the organization’s mission. We understand the pressure, but we encourage you to push for more transparency in your financial...