Nonprofit Organizations (NPOs) frequently have sub-optimal staffing configurations. This may arise when employees are tapped to fill needs beyond their capabilities. An example is a bookkeeper who is asked in
An endowment is one of the most misunderstood assets of non-profit organizations. The press often quotes funders, clients, employee groups, and patrons that rationalize their non-assistance of struggling non-profits because
How much confidence do you have in your nonprofit accounting department? This question is almost never top-of-mind to founders who establish nonprofits based on passion and conviction. Building an administrative
“We are a nonprofit. Why should I care about cost accounting?” This sentiment from nonprofit CEOs and EDs is wholly understandable. In manufacturers, cost accountants work closely with engineers to
The Library of Congress (LOC) houses a lot of books – almost 40 million! Now imagine nearly 600 dump trucks taking the entire LOC book collection to an enormous field
The concepts of “fixed assets” and related “depreciation expense” are widely understood in all realms of business, commercial and nonprofit sectors alike. In a simple example, a $100,000 fixed asset
This piece is a conversation between long-time nonprofit colleagues, Allison Rabbitt, Boss Lady at RoosterRabbitt, Fundraising Consultant, and Jane Repensek, Bell Black & Company, Financial Consultant and Contributor to RADAR Nonprofit Solutions.
Does This Sound Like You? Meet Rebecca, a dedicated Chief Executive Officer at a mid-sized nonprofit. She’s juggling multiple responsibilities—overseeing programs, managing staff, and keeping donors happy. On top of that,
The accounting profession is currently grappling with a critical talent shortage, with global implications that are particularly pronounced in sectors like nonprofits. In response, the AICPA professional organization created the
Is your COA holding you back? A well-structured Chart of Accounts (COA) can transform financial reporting from a headache into a streamlined, efficient process. At RADAR, we believe that a
