You didn’t start your nonprofit to become an accountant. Yet somewhere between managing programs, stewarding donors, and keeping staff motivated, the spreadsheets piled up — and suddenly, you’re the one
You are running a nonprofit. You are managing programs, satisfying funders, building relationships with donors, and trying to keep the lights on — all at the same time. And somewhere
You Have Funding on Paper—But Do You Have Cash in the Bank? Your nonprofit is growing. Programs are expanding, community needs are increasing, and your board is energized about the
What would happen to your nonprofit if your largest grant disappeared tomorrow? It is not a hypothetical question. In 2026, the nonprofit funding environment is as unpredictable as it has
Nonprofits often hire accounting staff from for-profit companies who are surprised by GAAP differences between the two sectors. Most often, these differences are in revenue recognition for the simple reason that
In a recent article we discussed the many benefits of budgeting. What then is forecasting and how is it different? Budgeting and forecasting may seem similar because both attempt to
Budgeting! It is one of the most dreaded times of the year for many organizations. Operating departments often believe they are committing to a set-in-stone plan that requires perfect foresight.
You are running a non-profit and experience the unexpected departure of a long-tenured and valued accounting employee. How worried should you be? The complicated answer to this question depends upon
The last article discussed constraints in designing internal controls in smaller organizations. This section focuses on assessing the strength of internal controls. While there is no litmus test, there are
A well-designed internal control environment ensures that the key responsibilities of authorization, custody, record-keeping and account reconciliations are held by different individuals, a bedrock principle called Segregation of Duties. Involving
