A nonprofit audit is an independent examination of a nonprofit organization’s financial statements and records to ensure compliance. An audit can also provide insight into the organization’s financial health and help identify areas of improvement.[Read more…] about Nonprofit Audit: Best Practices for Preparation
IRS Form 990 instructions can seem overwhelming for many nonprofits. Yet, it’s crucial to follow the requirements for correct submission. If your nonprofit fails to comply with these instructions and stipulations, you could face penalties.
This guide simplifies the process by offering a step-by-step walkthrough on how to accurately file IRS 990 for your nonprofit organization.[Read more…] about IRS Form 990 Instructions for Filing Correctly
A true nonprofit accounting system tracks revenue from funds and expenses from programs or functional areas. Funds and programs are the core of nonprofit accounting.[Read more…] about Nonprofit Funds and Programs: How to Categorize in Accounting
How do charity watchdogs influence donations? Without proper controls and accountability, your nonprofit may be forced to shut down.[Read more…] about Nonprofit Accountability: How Charity Watchdogs Impact Donations
FASB rules for nonprofits took effect in December 2017. Is your nonprofit ready?[Read more…] about FASB Rules for Nonprofits: Are You Ready?