Is year-end catching you by surprise? Whether or not your fiscal year ends on December 31st, there are many financial tasks that need to be completed during this busy time of year.
Your organization’s Statement of Financial Position - or balance sheet - provides a snapshot of where you stand financially at a specific moment in time.
A chart of accounts is a numbered list that organizes your financial activity into different categories within your accounting system. Every nonprofit has a unique chart of accounts, but most follow the same general guidelines and numbering conventions.
Humane Societies and other animal shelter and rescue organizations have unique accounting needs based on the nature of the services they provide to humans and animals alike.
Combined with strong internal controls, a formal code of ethics can help create an environment in which fraudulent behavior is clearly unacceptable and easier to spot if it occurs.
Small donations can add up - but the administrative costs of tracking, recording, and reconciling all those small deposits can really add up too. Use technology to your advantage to help make accounting for small donations a snap!
We love helping our nonprofit clients create good! In today’s Client Spotlight, we’re shining a light on USA Synchro and their quest for world domination in the sport of synchronized swimming.
