Nonprofit financial statements
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Exciting New Uniform Guidance Changes Ahead
OMB is rolling out new changes to the Uniform Guidance. Review some quick highlights.
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Compliance and Transparency: Managing Interfund Transactions in Nonprofits
There are several critical data points you should be tracking to properly manage your interfund accounts. Learn why the process is important.
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A Quick Review of Rules for Political and Lobbying Activities
Special thanks to Lisa Ryssel, who contributed significantly to this blog. Organizations that are tax-exempt pursuant to IRC Section 501(c)(3) must comply with IRS rules and regulations regarding political and lobbying activities. Understanding these rules can help nonprofits safeguard their tax benefits and promote transparency while addressing ethical considerations and mitigating reputational and legal risks. […]
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Modernize and Streamline Your Chart of Accounts for POWERFUL Communication!
Modernizing and reworking your chart of accounts can help you communicate financial information powerfully in your nonprofit. If your COA is cluttered it’s probably time to reorganize it and save time and frustration in preparing financials. Reorganizing your COA will also help you communicate more powerfully to your users of financial information.
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Using Your System to Track Restricted Net Assets
Are you frustrated using spreadsheets to track net assets? Learn how to set up your accounting system to properly track and report on net assets inside your software.
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Getting out of Excel Spreadsheets
Too heavily dependent on Excel spreadsheets? We look at some of the most common misuses of Excel, and when a system may better serve your needs.
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Miniseries – Best Practices for the Month-end Close – Financial Reporting & Analysis
Waiting on financial reports is frustrating. It’s even more frustrating when reports are issued late AND they are hard to read. To make informed financial decisions and react quickly to changing economic and other conditions, it is critical for nonprofits to master closing the books on a timely basis while also providing understandable and accurate […]
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Incorporating Financial and Nonfinancial Metrics in Organizational Oversight
Every organization seeks to remain sustainable as they carry out their mission. Incorporating relevant metrics and data efficiently into management oversight is important to this journey. In this final blog in our series on nonprofit financial statements, ratios, and nonfinancial information, we conclude with considerations for management in their role overseeing this information.
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Leveraging Ratios to Better Understand Community Impact and Organizational Success
Have you considered the success of the organization’s community impact through key social or political matters?
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Leveraging Financial and Nonfinancial Information to Improve Program Success
Has your organization considered how leveraging financial and nonfinancial information can contribute to program success? Let’s dive deeper into this topic as we continue our series on nonprofit financial statements and ratios.