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Tag Archives: accounting
Revenue or Reimbursement – Determining the Proper Accounting Treatment
Most often, transactions that increase the financial resources of an organization are relatively easy to record and determine the proper accounting treatment. That being said, there are certain other transactions that may appear to increase the financial resources of an … read more
Posted in Articles
Tagged accounting, expenses, financial statements, receivables, reimbursements, revenue, school district
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Quick Tips for Spotting Billing Schemes
Just because you have an invoice to match every expense, it does not mean your employees are not stealing money. In fact, the global study on fraud published by the Association of Certified Fraud Examiners has identified billing schemes, year … read more
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Tagged accounting, accounts payable, billing schemes, employee theft, fraud, internal controls, school districts
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Accounting for Donations Received at Year End
Tracking when donations are received is always important, but it is even more crucial at year end as your nonprofit needs to ensure that each donation is recorded in the correct fiscal year. To ensure your accounting records are accurate, … read more
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Tagged 501c3, accounting, Arizona, donations, financial reporting, nonprofit, not-for-profit, NPO
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Spotlight on Monitoring the Financial Health of Your Organization – Statement of Financial Position
Does your organization have the ability to weather unexpected financial challenges? This can be critical to those analyzing your financial statements both internally and externally. The amounts reported within the Statement of Financial Position can provide valuable information regarding the … read more
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Tagged accounting, Arizona, financial statement, non-profit, not-for-profit, NPO, statement of financial position
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Volunteer Incentives or Compensation?
Many non-profits could not accomplish everything they do without the help of volunteers. Of course you want to recognize and reward them for all they do for your organization. How can you recognize all your volunteers do for you and … read more
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Tagged accounting, Arizona, compensation, non-profit, not-for-profit, NPO, taxes, volunteer gifts, volunteer recognition
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Why Good People Do Bad Things
When fraud occurs, it is often assumed that the perpetrator will be easily identifiable as an unethical person. Indeed, many organizations’ fraud prevention tactics utilize interviews and background checks during the hiring process, as well as ongoing feedback and interaction … read more
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Tagged accounting, Arizona, fraud investigations, fraud prevention, fraudsters, government, nonprofit, NPO
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Refresher on Good Nonprofit Governance Practices
The IRS believes well-governed nonprofit organizations are likely to be more compliant with tax laws, safeguard charitable assets, and serve charitable interests. As nonprofit organizations come under increased scrutiny by the public and the IRS, governance practices and policies are … read more
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Tagged accounting, Arizona, finance, Form 1023, New Mexico, non-profit boards, non-profit governance, NPO, oversight
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