Nonprofits are required by the IRS to file an annual financial information return called the Form 990. This guide provides form 990 filing instructions by breaking down the who, what and why.
[Read more…] about Form 990: Guide to Filing Instructions for NonprofitsFunctional Accounting
8 Reasons Why Financials for Nonprofits Are More Difficult than For-Profits
Financials for nonprofits require an in-depth understanding of the sector as well as exposure to some of the challenges that make it so unique.
[Read more…] about 8 Reasons Why Financials for Nonprofits Are More Difficult than For-ProfitsNonprofit Cash Flow Forecasts: How To Avoid Deficits
Nonprofit cash flow forecasts predict when revenue comes in and when revenue goes out. It is an excellent tool to avoid cash shortfalls. By pinpointing deficits during a 12-month period, your nonprofit can avoid a crisis before it becomes a major problem.
Criteria for Hiring a Skilled Nonprofit Accountant
Hiring a nonprofit accountant is critical to a nonprofit’s success in fulfilling its mission. Selecting an accountant with the proper skills and understanding can be a daunting task. Before you hire your next nonprofit accountant, be sure they have the knowledge to ensure compliance and accountability.
[Read more…] about Criteria for Hiring a Skilled Nonprofit AccountantWhat Form 990 Red Flags Reveal About Your Nonprofit
Nonprofit Form 990 red flags impact donor trust and reveal lack of due diligence. The 990 is a snapshot of how well an organization has complied with government regulations and what activities it has carried out to ensure it is upholding its mission.
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